Luminous Stays LLC | Application Preview
Luminous Stays LLC is seeking government funding to establish and grow its short-term rental business. The requested funds will be used for essential purchases, including furniture, housing appliances, closing costs for properties, and marketing software, to ensure a successful launch in its first year.
The business plan focuses on leveraging profits from existing properties to expand into new locations near universities, hospitals, and oil refineries. By targeting these markets, Luminous Stays aims to secure contracts that provide housing for employees, students, and traveling medical professionals, offering an affordable alternative to pricier accommodations like dorms.
Approval of this funding is critical for Luminous Stays to transition from serving casual travelers to establishing significant contracts with major institutions. The company aims to acquire at least two contracts by 2024, facilitating the development of properties suited for oil company workers, as well as accommodating healthcare professionals in emergency situations.
Luminous Stays stands out in the market by focusing on longer-term contracts rather than just catering to traditional short-term rentals. This innovative approach is expected to yield substantial profits through strategic partnerships, positioning the business for rapid expansion and profitability in a niche market.
-
General Information
Business Registration Number: 923213655
Location: Pflugerville, TX, 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
-
Funding Usage
The use for this funding is to buy furniture, housing appliances, closing cost on properties, marketing software along with the essentials to make sure the business is ran properly. The funds will help with getting the business up and running for the first year.
-
Business Plan
We plan to grow the business by using the profits from one property to open more different properties close to Universities, Hospitals and big Oil Refinery companies. We plan on getting big contracts with these types of markets to help with housing for employees and students and traveling nurses or doctors. With this we can place different properties around the Louisiana areas to make it convenient and affordable for the working community and for students that cannot afford those big expensive dorms. We are a short term rental company that is wanting to expand to more than just the everyday traveler that comes to our state. We are going after the big money and getting those contracts with Hospitals, Universities and Oil Companies. Our goal is to get at least 2 contracts by 2024 and start expanding those properties for man camps for oil companies, housing for those traveling nurses and doctors that need to be close to the hospital in any case that they get those emergency calls in the middle of the night. We are trying to take short term rentals to the next level bigger and better then anyone has ever imagined.
-
Self Identified Competition
N/A Luminous Stays is different from other competitors cause no one has really thought about using there short term rentals to go to the max. Yes they have been making profit with just your everyday traveler, but getting profit from having a 3-5 year contract with major Universities, Hospitals and Oil Refineries is huge and big step.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
