Snidarich Construction LLC | Application Preview
Snidarich Construction LLC is seeking government grants to fund the construction of its first rental property, with the primary need being $250,000 for building materials and necessary tools. The company plans to start building a duplex in early 2024, utilizing in-house labor to minimize costs. During the period of establishing proof of rental income for bank loan requirements, the owner intends to take on contracted work to support future construction projects. The goal is to eventually scale operations to build two properties per year.
The company aims to create affordable, energy-efficient homes equipped with solar panels, high-efficiency appliances, and electric vehicle chargers. These features reflect a commitment to sustainable building practices, ensuring longevity and minimal ongoing energy costs. Snidarich Construction identifies a competitive landscape filled with multifamily dwelling builders but believes it will stand out by offering superior products at standard market rates.
The company's competitive advantage lies in its focus on ease of construction, allowing for investment in high-quality, durable materials and energy-efficient systems. This approach ensures low maintenance and aligns with future trends toward all-electric residences, making it well-equipped to adapt to evolving living standards and environmental expectations.
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General Information
Business Registration Number: 92-1515919
Location: Brooklyn Park, MN, 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
The biggest hurdle for the start of snidarich construction is having the money to build this first property. And if I received funding then it would be used to pay for the building materials for our project, as well as any tools or equipment needed along the way. The building cost estimate for the structure alone is $250,000 plus the cost of a lot to build it on.
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Business Plan
I plan to build a new rental property starting early 2024, using in house labor I will be able to keep the build costs down substantially allowing me to build a duplex for such a low price. Then in the downtime while we aquire proof of rental income that the bank will require for a loan. I'm going to do contracted work for others until I can get a loan to build another new structure. I hope to repeat that process and begin to scale up, hire workers of my own, until I reach a goal of 2 per year. Snidarich Construction plans to build affordable and energy efficient homes designed to last for centuries. We will be putting solar panels on all of our buildings and keep all our appliances high efficiency electrically powered options. In addition to exceeding insulating requirements to keep energy usage low. We will have car chargers for tenants to charge electric vehicles they have. Giving us a future proof build plan that will have a large positive impact in our society.
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Self Identified Competition
Our top competitors are really anybody who builds multifamily dwellings. There is a great many competitors, but we will be achieving a standard market rate, while having a superior product for the price. The buildings we make are going to have a big focus on ease of construction, which is allowing us to invest into the more important parts, like using longer lifespan products in the construction, and using higher efficiency appliances as well as better insulative properties. We have a large focus on making sure that the structure will be very easy to maintain, will last for hundreds of years, and we will continue to be relevant in meeting living standards and will help push residential building into a more environment friendly, sustainable direction. Making everything electric from the start is going to set us up perfectly for the all electric transition we expect soon.
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