Orchid Energy Solutions LLC | Application Preview
Orchid Energy Solutions LLC is seeking government grants to support several key initiatives. The funding will primarily be used for debt consolidation, purchasing inventory, and constructing a covered storage barn behind their store to facilitate better management of scrap battery pallets during winter.
The business prides itself on being a certified minority- and women-owned entity. Their plan includes pursuing additional government contracts and hiring a new employee to help reach a broader audience, particularly within the Latinx community. Given the rising inventory costs, they require extra working capital for these improvements. Enhancements to the shop’s appearance and the replacement of outdated battery chargers are also on the agenda.
In terms of competition, they face challenges from Batteries Plus franchises and major retailers like Home Depot, Lowe’s, and Walmart. However, Orchid Energy Solutions highlights its competitive advantage: being a local, woman-owned and minority-owned business with over 30 years of expertise in the battery industry. Additionally, they offer same-day delivery at no extra charge, setting them apart from larger franchise competitors.
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General Information
Business Registration Number: 45-4408648
Location: HOLLAND, MI, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
Debt consolidation Inventory purchases Build a covered storage barn behind store
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Business Plan
We are certified minority owned and women owned; plan to go after more government contracts and hire a new person. I would like to bring on a Hispanic employee so that we can expand our customer base to the Latinx community. We are finding inventory costs have gone up and need additional working capital. We would like to build a covered area behind our store to put scrap battery pallets so we don’t have to dig out of the snow in the winter. We would like to do a face lift to the shop, and replace some old battery chargers that are ten years old.
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Self Identified Competition
Batteries Plus franchises Big box stores like Home Depot, Lowe’s, and Walmart We are different from our competitors because we are woman owned and minority owned, we have 30 years of battery knowledge and expertise, we deliver orders to our customers at no extra charge the same day. We are a local business entity, established in Michigan, not a franchise.
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Contact Applicant
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