JB Developing | Application Preview
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General Information
Business Registration Number: 13995467-0160
Location: Salt Lake City, UT, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
The mill was condemned because of failing to comply with earthquake safety codes. We have a general plan for restoring and opening the grounds and courtyard for Spring, Summer and Fall use, while the restoration of the actual building itself is ongoing. Our hope is to open the grounds and courtyard for use within a year. The work on the building will take significantly longer but we believe we can open the building in three years, without any major setbacks and be fully functional within five years.
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Business Plan
The mill when restored will be a 3 acre, indoor-outdoor venue space. The address of the Mill is 6851 S Big Cottonwood Canyon Rd, Salt Lake City, Ut 84121. Our hope for the restored Mill is that it can be a cultural hub where business and community intersect. A multipurpose venue that can house weddings, community farmers or art markets, outdoor movie nights, local high school dances and other such events. We also would like the Mill to be a place where the community can learn of its history by inviting students to tour the Mill, teaching them of the Mill and the city it is in. Partnering with local businesses to help host such events, we hope to stimulate the city, county and states' economy. Theodore Roosevelt once said "far and away the best prize that life offers is the chance to work hard at work worth doing". We believe that there are buildings in our local communities that have great importance, no matter how neglected they are. They deserve to be saved, restored and repurposed to serve future generations and become something with so much more meaning than just a building. If you invest in us, you can know that your investment is going toward a business that is doing a hard work worth doing.
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Self Identified Competition
Alta Lodge • Location: 10230 E Hwy 210, Alta, UT 84092 • Specialties: Ski-in/ski-out mountain hotel with fine dining, historic ambiance, and outdoor activities. • Strengths: • Historic charm and traditional mountain lodge experience. • Excellent dining options with a focus on fine food. • Ski-in/ski-out access to Alta Ski Resort. • High guest return rate due to personalized service and unique setting. • Popular destination for both winter skiing and summer weddings and retreats. • Weaknesses: • Limited to mountain and ski-focused activities. • Seasonal operation may limit availability for some events. • Pricing: Higher-end, reflecting the exclusive and comprehensive services offered. • Unique Selling Points: • Historic significance and long-standing reputation. • Comprehensive wedding and retreat packages. • Stunning mountain views and direct access to outdoor activities. Millcreek Inn • Location: 5802 E Millcreek Canyon Rd, Salt Lake City, UT 84109 • Specialties: Outdoor wedding and event venue nestled in a canyon with scenic natural surroundings. • Strengths: • Beautiful natural setting with mountains, streams, and wildflowers. • Proximity to downtown Salt Lake City. • Romantic and rustic indoor banquet halls with fireplaces. • Weaknesses: • Limited indoor space for larger events. • Focus on weddings may reduce appeal for other event types. • Pricing: Mid to high range, reflecting the scenic location and comprehensive wedding services. • Unique Selling Points: • Stunning outdoor and indoor settings. • Personalized wedding planning services. • Close to urban amenities while offering a secluded atmosphere. Kimball Terrace • Location: 675 Main St, Park City, UT 84060 • Specialties: Urban chic event space with views of historic Main Street and mountain slopes. • Strengths: • Prime downtown location in Park City. • Elegant indoor and outdoor spaces with panoramic views. • Comprehensive event services including catering, entertainment, and design. • Weaknesses: • Urban setting may lack the natural charm of more secluded venues. • High demand and premium pricing. • Pricing: High-end, reflecting the luxury location and extensive services. • Unique Selling Points: • Central location with easy access to local attractions. • Stylish and modern event spaces. 1. Historic Significance: • The Old Cottonwood Paper Mill is a historic landmark recognized on the National Register of Historic Places, offering a unique and memorable venue with significant cultural and educational value. 2. Unique Location: • Situated at 6851 S Big Cottonwood Canyon Rd, Salt Lake City, UT 84121, the mill boasts a picturesque setting that combines natural beauty with proximity to urban amenities, making it an attractive destination for both local and out-of-town guests. 3. Versatility: • The mill’s extensive indoor and outdoor spaces allow for a wide range of events, from weddings and corporate functions to community markets and educational tours. 4. Community Engagement: • Strong potential for partnerships with local businesses, schools, and cultural organizations to foster community involvement and economic stimulation. 5. Tax Credits: • Eligibility for a 20% federal and state tax credit due to its status as a historic building, providing significant financial advantages during the restoration process. 6. Tourism Growth: • The rise in tourism, particularly in unique and historic destinations, presents a significant opportunity to attract visitors and event planners looking for distinctive venues. 7. Demand for Unique Venues: • Increasing demand for unique and experiential event spaces provides an opportunity to market the mill as a premium venue for weddings, corporate events, and cultural gatherings. 8. Local Partnerships: • Potential to form strategic partnerships with local businesses, such as restaurants, golf courses, and spas, to offer comprehensive event packages and enhance the mill’s appeal. 9. Educational Programs: • Opportunity to develop educational programs and tours that highlight the mill’s history, attracting school groups and history enthusiasts, and creating an additional revenue stream. 10. Community Events: • Hosting community events, such as farmers markets, art fairs, and outdoor movie nights, can foster local engagement and establish the mill as a cultural hub.
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Contact Applicant
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