The Place Family Holding Co. No 1, LLC | Application Preview
The Place Family Holding Co. No 1, LLC is seeking government grants to fund essential repairs and upgrades to their marina on Lake Pontchartrain. The requested funding will cover the repair of bulkheads, docks, pilings, along with necessary electrical and water installations, labor, and materials.
The business plan highlights the potential for increased revenue through these upgrades, as improved facilities will allow for higher monthly rental rates. Additionally, leasing covered storage space for trailered boats is anticipated to contribute significantly to income.
This family-run marina has been in operation for 50 years and aims to enhance its offerings by providing electrical and water access at each dock, as well as additional land storage. The marina faces competition from other local marinas, but its key advantage is its prime location, which offers the quickest access to Lake Pontchartrain and nearby boat launches. Customers can enjoy recreational activities within minutes, whereas competitors require a longer journey by motor.
Securing this funding will enable the marina to grow and remain competitive in the market.
-
General Information
Business Registration Number: 72-1562277
Location: Houston, TX, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
-
Funding Usage
Repair (bulkhead, docs, pilings, electrical, water, labor, materials)
-
Business Plan
As the bulkheads and docks are upgraded, electrical and water to each upgraded/installed all to code, landscaping in place, much more income can be generated through an increase in the monthly rent. Lease of covered storage space on land will add significantly to the revenue. We are a family-run marina on Lake Ponchartrain, in operation for 50 years. We are growing the business by adding electrical and water at each dock, and storage on land for trailered boats.
-
Self Identified Competition
Our competitors are other marinas in the area. Our marina has the closest to access to Lake Pontratrain, and to the town boat launch. A lessee can be sailing, sking, fishing in under five minutes. The competitors are 20 minutes or more under motor to reach the lake.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
