Shellco Construction Corp | Application Preview
Shellco Construction Corp is seeking government grants to establish a Truss Manufacturing Plant. The company plans to acquire 7 acres of land and construct a 65,000 square foot facility, utilizing the funding mainly for purchasing necessary equipment. The new plant is expected to create approximately 50 jobs.
The business plan capitalizes on the growing demand for roof trusses in South Florida’s new home market. With 18 years of experience operating Shellco, the owner emphasizes the urgent need for a new truss manufacturing facility, although initial setup costs are proportionally high due to equipment expenses.
The owner has successfully run Shellco, generating $39 million in sales last year with a 12% profit margin, demonstrating a strong track record of management and profitability. The new truss company will be named Yellowpine, aiming to replicate the success of Shellco.
In terms of competition, the main players include Builders First Source, A1 Industries, and East Coast Truss. Shellco's competitive advantage lies in its commitment to automation, leveraging advanced equipment from overseas suppliers like Randek. The owner believes that the industry is stuck in outdated methods and that the workforce is increasingly inclined towards efficient, modern practices instead of traditional heavy labor.
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General Information
Business Registration Number: Shellco Construction Corp
Location: Lake Park, FL, United States
Length of Operation: 11plus
Number of Employees: 101+ Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: More than $10M
Open to Loans: YES
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Funding Usage
Shellco will like to branch off and create a Truss Manufacturing Plant. We are in the process of purchasing 7 arces and building facility of 65k sf. The funding will be used to purchase equipment. The company will have a work force around 50 people.
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Business Plan
The business growth in South Florida for new homes that needs roof trusses - no plan needed. I have owned Shellco for 18 years and the need for another truss plant to manufacture has been needed but the cost to start is very high, due to the cost of equipment. I started Shellco with a line of credit agaist my house of 200k. Last year Shellco did 39 million in sales with a profit margin of 12%. I run a very clean, efficient, profitable, with a well reputation at Shellco and I will do the same at the new truss company called Yellowpine.
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Self Identified Competition
Builders First Source A1 Industries East Coast Truss Because all my competitors have the same mentality. "This is the way we have always done it". No of them have or will invest in automation. It is 2024 and employees are willing to work smart not hard. With the automation of equipment that is avavilable overseas like "Randek", I can build the trusses quicker with less employees.
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