Lorados | Application Preview
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General Information
Business Registration Number: 42-1453098
Location: Mason City, IA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
Expanding my current business into the building next door to me. Would need help with some construction, a new equipment and furniture.
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Business Plan
I plan to grow my business by adding more hours to the business by offering breakfast and brunch. Would love to do catering and having the space to offer for private parties, wedding receptions and just more seating in general. I would like to hire another 10 or more employees. Ive worked in this industry for the past 22 years. I recently purchased my restaurant that I worked for in those 22 years and have doubled sales with the space and kitchen limitations that we have. We're in the heart of Mason city with a music pavillion on our doorstep. With a bigger space and kitchen I'm confident I can again double my sales if not triple. I've proven I can do it in 2 years. I'm a hardworker and have the drive to become even more successful.
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Self Identified Competition
I wouldn't call anyone a competitor as we all have a symbiotic relationship to one another, so I would call them friends or neighbors. As for my first neighbor I would start with The Quarry. The Quarry is a higher end restaurant serving fine dining dishes with a very nice atmosphere. Secondly I would choose Fat Hill Brewery, they're obviously a brewery that has events that helps bring a crowd in. Last I would say The Sports Page. A sports bar thats housed in our dying mall. What separates Lorados from these other businesses is our consistency, our drive to remain relative by embracing change and our general care and relationship with our community and its members.
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Contact Applicant
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