B&T appliances | Application Preview
B&T Appliances is seeking government grants to enhance inventory capacity. The company plans to build a larger shop on their existing land to accommodate more products, allowing for continuous investment in their business.
The funding is crucial as it will enable B&T Appliances to increase stock, ultimately doubling their investment. They currently have promising inventory acquisition opportunities but lack the necessary funds.
In terms of competition, the application points out that nearby Demost Appliances is struggling and Cantrell's Furniture has low appliance sales. B&T's competitive advantage lies in their pricing strategy, which focuses on affordability for customers, unlike their competitors who have positioned themselves at higher price points, contributing to their decline.
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General Information
Business Registration Number: 10449 smithville Highway
Location: Smithville, TN, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
To boost my inventory
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Business Plan
We have land to build us a shop and make it bigger for more room for more inventory keep investing I will be investing in my business and doubling the money. I have loads I can get my inventory money is what I’m short
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Self Identified Competition
Demost appliances - almost out of business Cantrells furniture- appliance sales are low I price my items that people can afford I don’t try to price them at the top like my competitors that’s why there business went down.
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