Simutek | Application Preview
Simutek is seeking government grants to support its expansion efforts, which include opening a second location and potentially establishing a mobile repair center. With over 40 years in business, Simutek has the staff and experience to broaden its service area effectively.
The business plan focuses on increasing convenience for customers through a new location, which is integral to their growth strategy. Simutek has developed a subscription-based IT model that plays a crucial role in its expansion and requires additional marketing funds to extend its reach beyond its existing customer base.
Simutek's strong track record since its founding in 1980 highlights its reliability and growth under current ownership since 2010. The owner, with a long history at the company, emphasizes the positive impact on local employment and community engagement through monthly donations of goods and services.
Although competitors like BestBuy, Apple, and Amazon dominate the market, Simutek's competitive advantage lies in its local roots and commitment to Tucson. The business prides itself on tailoring its products and services to meet the unique needs of its customers, contrasting with the impersonal approach of larger, global competitors.
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General Information
Business Registration Number: 17-495-4966
Location: Tucson, AZ, United States
Length of Operation: 11plus
Number of Employees: 11-25 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: YES
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Funding Usage
Expanding to multiple locations, possibly a mobile repair center. We have been successful for 40+ years and now have the staff to open a second location and expand our service area.
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Business Plan
A second location is the first step in our growth plan. We need to be more convenient to more customers to grow. We have built a subscription based IT model that is crucial to our growth. We need more marketing dollars to reach beyond our installed customer base. Simutek has been in business since 1980 and has a proven track record of success. I have worked here since 1991 and bought the business in 2010. In my tenure we have grown our service offerings, raised employee wages, and created a program to give back to Tucson by donating goods/services on a monthly basis. Because we don't have a large corporate structure, I can enact decisions in a timely manner and make a big impact on this business.
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Self Identified Competition
BestBuy, Apple, Amazon Simutek is home grown in Tucson and our success is directly tied to our city. Our competitors are all global entities with no appreciation for our town and the individuals that make it great. We have the right products and services to meet the needs of our customers on their own terms and are not a one size fits all website where customer service is a chat bot.
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Contact Applicant
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