theridesharer llc | Application Preview
Theridesharer LLC is applying for a government grant of $10,000 to further its marketing efforts and support business growth, particularly in the wake of COVID-19 restrictions. The company plans to promote its services through posters, internet ads, social media, fliers, content marketing, viral marketing, and email marketing, focusing heavily on social media engagement to drive traffic to its website.
Currently, Theridesharer LLC has an average monthly revenue of $2,500 and monthly expenses of $1,200, resulting in a yearly gross revenue of $29,500 and a net profit of $10,000. With the requested funding, the business aims to increase average monthly revenue to $4,500 and reduce monthly expenses to $2,000, leading to a projected yearly gross revenue of $54,000 and a net profit of $30,000, thus offering a 40% return on investment.
Interestingly, while competitors include well-known platforms like Lyft, Shipt, Instacart, and Uber, Theridesharer LLC seeks to differentiate itself by leveraging the existing infrastructure of these platforms, positioning itself as a partner rather than a direct competitor.
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General Information
Business Registration Number: 1167123700029
Location: prior lake, MN, 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
The company will market its products and services through the following methods and sales channels: - posters - Internet ads - social media - fliers - content marketing - viral marketing - email marketing We intend to mostly engage potential customers through social media platforms as a form of entertainment and information while directing them to our website for the more precise marketing and business information. In addition, further funding is required to help jump-start the business as a result of covid 19 restrictions. Required Funds Theridesharer LLC is seeking to raise $10,000.00 in funding.
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Business Plan
Financial Forecast Historical Financials The company’s current financials are as follows: Average monthly revenue: $2,500 Average monthly expenses: $1200 Yearly gross revenue: $29500 Yearly net profit: $10000 we intend to build on this success and increase our employment staff. The company expects to achieve the following: Average monthly revenue: $4,500.00 Average monthly expenses: $2,000.00 Yearly gross revenue: $54000 Yearly net profit: $30000 Return on investment: 40%.
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Self Identified Competition
Our competitors are partners; Lyft , shipt, Instacart and Uber platforms. My business is different from the competitors as it builds on my competitor's already existing platform.
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Contact Applicant
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