Galaxy Springs LLC | Application Preview
Galaxy Springs LLC is seeking government grants to enhance its financial stability by paying off vehicle loan debts. By doing so, the company anticipates an increase in monthly revenue of around $1,200 and improved credit utilization.
Over the next five years, Galaxy Springs aims to gain valuable insights from the car rental industry while leveraging the potential of its platform. The business plans to expand its fleet and optimize operations to deliver high-quality services. Ultimately, they envision branching out into the car dealership sector when conditions are favorable.
The founders emphasize their commitment to uplifting their families and positively affecting their community. They believe their personal backgrounds offer a compelling narrative that sets them apart from typical applicants. They express a desire to engage with investors to share their vision and dedication.
Despite competing with larger companies like Enterprise, Hertz, and Sixt, Galaxy Springs operates within a third-party platform that offers unique flexibility and convenience similar to services like Uber. This early entry into the platform allows them to establish a strong brand presence while addressing unmet vehicle variety demands in their area. Their approach is focused on creating a user-friendly experience for customers and vehicle hosts alike.
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General Information
Business Registration Number: 851375959
Location: Needham, MA, 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
We plan to use the funds to increase our overall monthly income by paying off vehicle loan debt. This will make way for upwards of $1200 in revenue generated each month. This will also put our credit in better shape by lowering our credit utilization.
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Business Plan
In the next Five years we plan to soak all the knowledge out of the car rental industry while closely observing the lucrative potential of the platform we use. We want to expand our fleet of rental vehicles using efficient systems consistently to produce quality operations and services to scale. Eventually, when the status of the business and timing is appropriate, we plan to expand our business to open up a car dealership and pursue our dreams. My partner and I strongly believe that investors should really take a look at what we aspire to achieve first and foremost. We are on a mission not only to uplift our familial situations, but also to positively impact our culture as well, so this is not just about us. I believe it is important to look at our backgrounds and compare our characters to other statistics based on where we come from. Living in the heart of the city of Springfield Massachusetts we must give credit to our parents who have raised us to stay on the right path and take the torch and surpass heights even they haven't reached. It is important to note that we'd love to speak with investors to give some insight on what we strive for day in and day out.
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Self Identified Competition
We use a growing third-party platform in which we run our business through so there's a small gray area when it comes to competition to other rental companies due to the dynamic offering as well as the ease of access to the consumer. However, we'd like to hold ourselves to higher standards so we can come to the conclusion that our competitors are Enterprise, Hertz, and Sixt Car Rental, as well as other users on the platform. The platform we use is similar to Uber. This is mainly due to the convenience. The platform is very user friendly for both customers and vehicle hosts, and most importantly flexible when it comes to vehicle swaps which makes access to vehicles even easier to the consumer. We feel that our advantage is that we are fairly early to the platform. This means that we are able to establish ourselves as a branded business within the platform before the majority of people attempts to do the same. Our location is great to start in and there are various other locations lacking what we bring to the table. Lastly, we target the demand of access to vehicle varieties that other rental car companies in specific areas lack.
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