LKR TRUCKING LLC | Application Preview
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General Information
Business Registration Number: 23437060
Location: Phoenix, AZ, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Funding Requirements LKR TRUCKING LLC requires funding of $500 000 in grants to cover the startup and operational costs for 7 dump trucks. · Acquiring necessary equipment · Recruiting a skilled workforce · Marketing and advertising expenses · Technology expenses · Legal and administrative fees · Operating expenses for the first 1 months · LKR TRUCKING LLC can cover operating expenses for 1 more month due to The Founder personal investment. We believe the company will generate enough income to sustain itself and grow from the second month. Financial Summary Here are the key highlights of our financial plan: · We project an initial investment of $500 000 in grants to purchase 7 new dump trucks · We expect to achieve monthly revenue of $218,000 within the first 2 months of operation. · We anticipate a net profit margin of 30% within the first year. · The cost structure includes expenses such as truck maintenance and fuel, insurance, salaries for drivers and customer service team, and technology expenses.
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Business Plan
We plan to reinvest in the business as much possible. We plan to buy new trucks, hire new people and buy business that are already stabilized, and the owners are willing to sell. Financial Plan and Metrics Below is a table projecting the sales for the next three years (2024-2026) for our dump truck service: Product Categories 2024 2025 2026 4 months of operation Construction Sites $610,400 $2,500,00 $4,616,000 Residential Areas $261,600 $681,000 $1,000,000 Total $872,000 $3,181,000 $5,616,000 We project steady growth in sales revenue over the next three years, as we expand our customer base and our fleet. In 2024 we expect the company will reach its full potential in September. In 2025 we plan to purchase 3 more trucks and in 2026 our plan is to increase our fleet with another 10 more trucks. Applying the same formula, we expect the new 3 trucks will be fully operational in June. In 2025 we expect to have the following results: HOURLY MONTHLY NUMBER NUMBER ANNUALY RATE HOURS TRUCKS MONTHS INCOME $120 260 7 12 2,620,000 $120 260 3 6 561,000 3,181,000 In 2026 the company will have 10 trucks operational for the entire year and 10 new acquisition operational for 6 months. Based on the same formula the gross income will be 5,616,000 PROJECTED CASH FLOW Cash flow categories 2024 2025 2026 Inflow $872,000 $3,181,000 $5,616,000 Outflow $522,100 $1,902,000 $3,356,356 Net Cash flow $349,900 $1,279,00 $2,259,644 We cannot prevent how 2029 will looks like or how the numbers will be in a continuum market change, but our focus is to grow year over year. We starting the company having noble motives. Our plans are to get deep involve in activities of prevention, treatment, recovery and integration in the society of those affected by autism. In the last decades the number of children affected exploded and as a personal believe I don't think the society it is doing too much for autistic children's and their families. As a father of an amazing autistic boy, I can't stay to the side and do nothing. As a former Romanian secret service agent, I saw some bad sides of the elites. From this reason we are committed to join those who's fighting with national and international child trafficking. With this application I'm addressing to everybody who shares these views. For those willing to join us in this journey i can say that will be a thought journey but I assure you at the end of the day if we save only 1 child the reward beat any challenge. With these in our mind we planned 10% of the company profit will be directed to these actions from 1st year of activity.
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Self Identified Competition
Competition Many of the traditional companies use smaller trucks which for customers means more time to get the job done, more traffic on the job site and more money. We start from day 1 with the most profitable dump truck, which is the super 18. Most of our competitors use the simple 18. The difference between these 2 trucks is around 3000 pounds in payload. This difference at the end of the day has a huge impact on the bottom line. Also truck dimensions are factors decisive for a lot of jobs (a simple 18 is longer than a super 18) LKR TRUCKING LLC differentiates itself by offering flexible payment options for both construction and residential sites, making it a convenient and affordable solution for customers. The company also prioritizes customer service, providing reliable and responsive support through multiple communication channels. LKR TRUCKING LLC plans to build strong partnerships with construction companies and contractors to secure a consistent stream of clients. The company also plans to leverage technology and social media channels to expand its customer base and brand awareness. The dump truck service industry has several competitors, ranging from small, independent businesses to large, established corporations. Some of the major competitors in the market include Mountain West Logistics, Fisher Sand &Gravel Co, Heritage Trucking Inc, Alan Harris Trucking. From our discussions with homeowners, superintended, project managers and general contractors we conclude that they are issue with transparency, communication and customer service. I believe our approach to help the community as much we can and not chasing only the profit set us aside. We are aware of the importance of profit, but the money isn't everything. If we are making less profit than our competitors but helping more people in need it is all we need.
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