Hew's Air & Appliance Repair LLC | Application Preview
Hew's Air & Appliance Repair LLC is seeking government grants to support significant growth in response to high demand. The funding will be directed towards purchasing new equipment, hiring additional technicians, and covering payroll expenses.
The business has a solid plan for expansion, predicting that it could reach millions in revenue within the next five years. Currently, as the sole technician, the owner generates about $75,000 annually working part-time, indicating the potential for growth by hiring five full-time technicians and acquiring more vehicles to meet service demands from warranty contracts and established customers.
The owner believes their personal journey from completing HVAC training to successfully running the business demonstrates strong determination and capability, making them a worthwhile investment. They currently face competition from larger, well-funded companies like Sears and Mr. Appliance, but they see the potential to transform from a competitor into a partner with the right financial backing.
Hew's competitive advantage lies in the owner's expertise and low recall rates, although service demand is hindered by a lack of manpower. Securing grants or investments would enable the business to scale and better meet customer needs.
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General Information
Business Registration Number: 84-4688704
Location: Phoenix, AZ, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Funding will be used for making the required adjustments to facilitate the high demand in potential revenue, money will be used to purchase new equipments add additional technicians to staff, payroll etc.
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Business Plan
Well based on the high demand in my field of business potential growth in the next five years have great potential to be in the millions, being the only technician at the moment generation $75000 for the year working partime in the field should give a rough idea what my business could generate in the next 5 years having at least 5 technician on board working fulltime. My plan is to obtain additional vehicles and technician to fulfill the demands from my present warranty company contracts and established residential customers. Because in the beginning this was a dream I put myself through HVAC school got my universal EPA card, decided I wanted to start my own business, which I did on my own from ground up to where I am now with no help. Now I'm quite sure I'm someone that should be invested in with someone with drive confidence determination and wisdom. Leaving straight from school generating $75000 a year with no help, from here on I'll let you decide. :)
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Self Identified Competition
Sears, mr Appliance and Appliance medic are my 3 competitors the only difference is these are million dollar funded businesses. Now with the proper investment it's a possibility i will no longer be a competitor but a partner. The only difference is I am very knowledgeable in my field and have very few recall rate, most of my complaints are because I'm lacking man power to service the high demand in service call request. This is where investors or Grant's to help me grow makes a big difference.
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