Campus Cruisers | Application Preview
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General Information
Business Registration Number: 23444922
Location: Phoenix, AZ, 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 will use this funding to purchase inventory, as well as to establish the infrastructure for a portable point of sale for on-campus sales. Our initial inventory will be 40-50 boards, costing around $3750. This will leave us with $1250 for the preparation of our point of sale. Potential revenues for the amount of boards, assuming a spend of $3750 will be $7500.
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Business Plan
In the next 5 years, Our business growth plan is simple. We will continue to gain license rights with universities to sell longboard skateboards that are branded with their logos and insignia. The first university we are starting with is Grand Canyon University (GCU) in Phoenix, and we have plans to expand to Arizona State University in Tempe after establishing ourselves at GCU. Other major universities we would like to partner with include Northern Arizona University (Flagstaff, AZ), Central Washington University (Ellensburg, WA), The Ohio State University (Columbus, OH), and Washington State University (Pullman, WA), among others. When creating Campus Cruisers, my business partner Tyler Boyd and I thought about how we can make an impact in the community we live in and know well. The opportunity to sell longboard skateboards on the campus of GCU presented itself, and we knew it would be a great business for us. Being recent graduates of GCU, we understand the college mindset that makes up a large portion of the greater Phoenix Area, and being members of the community, we have its best interests in mind. This business venture is only a start to the impact we can make to the universities and cities we know well. An investment in Campus Cruisers is an investment in Tyler Boyd and Hugh McInnis, and an investment in us is an investment in the bettering of the greater Phoenix community.
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Self Identified Competition
Our top 3 competitors include White Wave Longboards, Lux Longboards, and Retrospec. White Wave Longboards and Retrospec provide a similar traditional-style longboard to the longboards that we sell. White Wave was previously headquartered in Gilbert, AZ. Retrospec is based in California. They both have many customers on the campus of GCU. Lux Longboards, however, sells electric longboards. Lux Longboards also has a strong presence on the campus of Grand Canyon University, as its founder is a past student of GCU. Campus Cruisers is different from our competitors for many reasons. The first reason is that we provide university branding on our longboards so that students can show their school pride while cruising through campus. Another reason we are different is that we provide repair to our products for very cheap. Being able to purchase repair materials at wholesale prices, we provide cheap repairs to our customers compared to if they tried to repair themselves. Finally, we are the cheaper of the on-campus options, specifically at Grand Canyon University. When comparing our products to those of Lux Longboards, we see a significant price difference. While the reason for this is evident, that Lux Longboards is selling electric powered longboards and we are not, we are the only manual powered board company run by GCU alumni, where our initial target market is GCU students. While this is a niche market, it is large and provides tremendous opportunity.
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