Chomp! Foods | Application Preview
Chomp! Foods is seeking government funding to support various operational costs, including rent, existing loans, utilities, inventory, and staff expenses. The business has demonstrated growth, particularly in attracting private party clientele, and anticipates increased traffic during regular restaurant hours due to enhanced advertising efforts.
The reasoning behind the funding request emphasizes Chomp! Foods' long-standing presence as a reputable catering company with a loyal client base and a steady influx of new customers. They have secured a 10-year lease, with options to extend or purchase, for a well-known venue in the Ballard/Seattle area, which has a history of community engagement. The venue is poised for revival, promising to attract patrons eager to experience the remodeled space. Additionally, Chomp! Foods hosts a popular weekly market featuring up to 30 vendors, establishing itself as a vital hub for local businesses.
In terms of competition, Chomp! Foods stands out with its unique combination of services, including regular food and bar offerings, event hosting, and catering options both on-site and at external locations. The waterfront location provides stunning views of the Ballard Canal, further enhancing its appeal. The business highlights its competitive advantage through its diverse service offerings, high-quality execution, and the exceptional venue itself.
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General Information
Business Registration Number: 603608857
Location: Seattle, WA, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Rent, existing loans, utilities, inventory, staff.
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Business Plan
We are already increasing in private party clientele, we will have increased traffic during regular restaurant hours, and more advertising. We are an exceptional catering company that has been in the business for many years. We have regular clients that we work with as well as many new clients. We have a 10 year lease agreement (with option to extend and possibly purchase) as the new tenants for a venue that has been around for decades, and the Ballard/Seattle community is very familiar with the space and excited to come back as patrons in the newly remodeled and re-envisioned space. We hold a weekly outdoor (indoor depending on weather) vendors/farmers market that includes up to 30 vendors and has become a staple for other small business in the community, the market happens every Thursday from 2-7.
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Self Identified Competition
As a venue space that offers regular food and bar services, private parties, weekly markets, catering on-site and off-site at other locations, there aren't many other business that offer what we offer. Our space is also on the waterfront with exceptional views of the Ballard Canal. To be honest, we don't have many competitors in our area as most others are strictly in the restaurant business with occasional catering. Our vast array of services, our quality of services, and of course our beautiful waterfront venue.
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Contact Applicant
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