Gary Thomas | Application Preview
Gary Thomas is seeking government grants to support his business, which focuses on revitalizing old neighborhoods by constructing homes on vacant lots. The funds will be allocated for construction costs, land surveying, utility connections, and operational cash flow to ensure the building process runs smoothly.
Thomas projects a growth rate between 25% and 50%, aligning with the expected annual industry growth of 10% to 25% from 2023 to 2028. This anticipated growth is likely to improve the business's rating to 5.3% and boost its revenue.
The primary objective of the business is to renovate deteriorating neighborhoods, addressing housing shortages and enhancing community safety and cleanliness. Thomas highlights that his competitors, such as Heller Homes, Granite Ridge Builders, and Windsor Homes, focus on building in suburban areas without community revitalization efforts. Their ratings are lower, ranging from 4.2% to 4.4%, which further distinguishes Thomas's enterprise.
His competitive edge lies in transforming neglected areas into family-friendly neighborhoods, thereby increasing property values and providing a unique market position that his competitors do not offer. This approach is aimed not only at profitability but also at positively impacting the community.
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General Information
Business Registration Number: 85-2065797
Location: FORT WAYNE, IN, United States
Length of Operation: 1-5
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
This funding will finance construction cost, land surveying, utility hook up, cash flow to help the operation of building of the home run smoothly and efficiently.
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Business Plan
I expect a rate of 25% to 50% growth, this type of business is expected to grow at an annual average of 10 to 25% between 2023 and 2028 making this business grow at a annul rate of 10 to 25% each year. To which will give this business a 5.3% rating and increase its revenue. This business is designed to renovate old ran down neighborhoods that has vacant lot or land revitalizing them in to family home and raising the neighborhood value while also helping relieve some of the housing crises and making these neighborhoods safer and cleaner for families.
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Self Identified Competition
Heller Homes this business build subdivision homes and has competitive pricing but only has a rating of 4.3% and this business in not renovating neighborhoods. Granite Ridge Builders this business build luxury home also in subdivision and in rule areas with higher pricing this business is at a 4.2% rating and this business is also not in the market for revitalizing old neighborhoods. Windsor Homes this business sales lot that they own and build on site creating there own community mostly in rule areas, this business is rated at 4.4% and also not in the market of revitalizing old neighborhoods. My business bring Value to old neighborhoods making them more safer to live in by getting rid of the empty land or lot by building homes to revitalize them and clean these neighborhoods up while also making property value increase. My competitors are only creating their own neighborhood they are not in the business of revitalization so that gives my business an increase in revenue and a lead in the competition in this type of market.
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Contact Applicant
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