Climbing Kauai llc | Application Preview
Climbing Kauai LLC is applying for government grants to assist with a down payment on an SBA 504 loan, aimed at purchasing and renovating a commercial property for an indoor/outdoor climbing and recreational facility. The funds will be set aside in a business savings account until the loan is secured. The business, led by Amanda Mears, has established connections with the Kauai Small Business Development Center and Kauai Federal Credit Union.
The business plan involves implementing creative marketing strategies and collaborating with local businesses and organizations to host community events, which will help boost revenue. Climbing Kauai has a calendar of annual events to supplement income from daily admissions, monthly memberships, and merchandise sales. Financial management is a priority, with plans to pay off loans quickly and maintain a strict budget, including prepaying bills to save on costs. Additionally, there is consideration of renting space to a local credit union to generate consistent income.
The justification for funding approval highlights that Climbing Kauai is a well-structured business poised to enhance the local community and leverage Kauai’s thriving tourism sector for economic growth. It aims to foster social connections and support the local economy sustainably. The application emphasizes the uniqueness of the business, as it will be the first of its kind on the island, differentiating itself from existing fitness centers. Climbing Kauai plans to offer specialized equipment and utilize its advantageous location, while also collaborating with potential competitors to strengthen the local economy.
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General Information
Business Registration Number: 277369C5
Location: Kapaa, HI, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Down Payment on an SBA504 Loan to purchase commercial property, remodel and equip the building The invested money will be held in a business savings account until loan approval. Amanda has connection at the Kauai SBDC as well as the bank that owns the Commercial property Kauai Federal Credit Union.
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Business Plan
We will increase interest through creative marketing strategies, we will team up with local business and organizations to host community events and increase revenue. Climbing Kauai has an annual events calendar to add to the revenue of daily admissions, monthly memberships and merchandise sales etc. The business will focus on paying loans off as top priority and keep an organized budget while prepaying bills as much as possible to cut down costs. Climbing Kauai is also looking at renting atm/space to a local credit union to bring in a consistent income to the property as well. Climbing Kauai is a well planned and desired business that will enrich its surrounding community for generations to come. Its no secret Kauai has a successful tourism industry and Climbing Kauai will capitalize on that to help return investment. This business is going to support social connections, uplift local economy and sustain for years to come. Amanda Mears is committed to growing this business and will honor all of the investments made to it.
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Self Identified Competition
There are no competitors on island as this business is unique and the first ever indoor/outdoor climbing and recreational facility on island. There are other classic gym experiences on island but nothing like Climbing Kauai. We Offer equipment unique to our building. Our location is incredible and unique and we will collaborate with potential competitors to sustain the economy.
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Contact Applicant
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