Harris Fence, Inc. | Application Preview
Harris Fence, Inc. is applying for government grants to fund the construction of a new facility, which will include a 50'x75' metal workshop with an office and a 100'x14' metal cover for materials and vehicles. Additionally, they plan to install a new sign and remove an oil well located on their property, at an estimated cost of $25,000.
The business aims to expand by hiring an additional installation crew, which will involve finding a skilled foreman and purchasing a used truck for the crew's operations. The addition of a new salesperson is also planned to increase job sales and revenue.
Harris Fence has been in business for 44 years, maintaining a strong reputation with customers and suppliers while holding a good financial standing. They have consistently ranked among the top fence companies in the area and emphasize their established presence and loyal customer base as reasons for funding approval.
Regarding competition, they note that companies like Buchanan Fence and A&L Fence have been in business for a similar duration, while JC Fence was founded by a former employee, highlighting their amicable relationship. Harris Fence's competitive edge lies in their long-standing existence in the market, high customer retention, and positive reviews, which they believe distinguish them from competitors.
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General Information
Business Registration Number: EIN #75-4440212.
Location: Gladewater, TX, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
We had plans to build a new facility, but when COVID-19 hit, we put those plans on hold to protect our financial obligations. With the funds requested, we would build a new facilty (50'x75' Metal Work Shop with Office in front and a 100' x 14' Metal Material & Vehicle Cover. We would also have a new "Harris Fence" sign installed in front of our business. We also have an Oil Well (Pumping Unit) right in the middle of our property that we would like to have removed and capped which will cost approximately $25,000.00.
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Business Plan
We are going to attempt to hire another installation crew (finding a Foreman that has the skillset and talent to lead a crew is very difficult in this industry). This would mean the purchase of a new-used truck for that crew to operate out of. If/When we find another Foreman & Crew, we would also like to add another Salesperson to our staff so that we can sell more jobs and create more income. We are a good solid fence company that has been in business for 44 years and have no plans on going anywhere anytime soon. We have a great reputation with our customers as well as with all of our Suppliers. We are in good financial standing with all of our Suppliers and Creditors. We are consistantly voted in the Top 3 year after year by our Local and Surrounding Communities in the Local's Love Us and Best of East Texas competitions. I guess what I'm saying is that your investment will be with a company that isn't just starting up, but with one that already has a great reputation and has no chance of going out of business.
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Self Identified Competition
Buchanan Fence - been in business about the same number of years that we have. A&L Fence - been in business about the same number of years that we have JC Fence - one of our employees broke off from us and started his own business. He is still a great friend and we have a great working relationship with Julian. We are different from our competitors simply because we are one of the oldest and most established fence companies in Longview and it's surrounding communities. We have a high repeat customer retention rate from existing customers as well as with our employees. We have a great reputation and we get great reviews from customers.
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Contact Applicant
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