Bob McGuire Electrical Contractor LLC | Application Preview
Bob McGuire Electrical Contractor LLC is applying for government grants to cover various operational costs, including materials, equipment rentals, permits, insurances, payroll, and marketing. The primary goal is to hire 3 to 4 technicians and 1 coordinator to enhance efficiency and expand their service area.
The business plan focuses on increasing the number of jobs by entering the bidding market for commercial and industrial projects in Bucks and Philadelphia Counties. They aim to acquire new customers through third-party lead purchases and by pursuing government contracts. Additionally, the plan includes scaling the team of technicians from 2 to 6, supported by a targeted recruiting and training strategy.
The request for funding is justified by the company's commitment to providing safe and reliable electrical services to the community. However, due to current staffing limitations, growth has been constrained. By investing in the business, funders would be supporting a small and diverse enterprise poised to extend its quality services.
In terms of competition, the company faces other local electrical contractors but distinguishes itself as one of the few black-owned businesses in the area, which serves as a competitive edge.
-
General Information
Business Registration Number: 90-0931461
Location: Bensalem, PA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
-
Funding Usage
This funding will be generally be used for material costs, equipment rentals, permits, licenses, insurances, payroll, internet hosting, vehicle maintenance, hiring, marketing and advertising. Specifically, to hire 3 to 4 technicians and 1 coordinator to increase our company's efficiency and expand our business area.
-
Business Plan
The intention is to expand business operations by first adding to the number of jobs that we handle. By entering into the bidding market for commercial and industrial opportunities in the Bucks and Philadelphia County areas, actively pursuing new customers in our licensed townships by purchasing leads from third party sites (Yelp, Angi's), and pursuing government contracts, we expect our job count to increase significantly. Secondly, in an effort to substantiate, we plan to grow our team of technicians from 2 to 6 in order handle the workload using a recruiting strategy that we've devised to hire and train new team members to become sufficient employees. As a business, we've operated with an intent to provide a service to our community that is safe and reliable with a consistency that allows our customers to feel at ease when experiencing any electrical problem or desire. Thus far, we've been able to do that, however due to our lack of staffing and coordinative support for our contracts, we haven't been able to grow quite like we want to. By investing in my company, you'll be supporting a small, diverse business to provide a quality service to a wider area.
-
Self Identified Competition
KISS Electric - Levittown, PA GJC Electric - Bristol, PA EP Electric - Philadelphia, PA Our company exists as one of the only black-owned electrical contractors in our area.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
