Hot Shot Enterprises, LLC | Application Preview
Hot Shot Enterprises, LLC is seeking government grants to fund the development of land for business expansion. The aim is to enhance operational efficiency and profitability, with plans to elevate marketing efforts once the expansion is realized.
The business operates in a picturesque small town in Arkansas, benefiting from a growing customer base and providing valuable services tailored to the local boating community. The grant funds would enable the company to attract more clients from nearby small towns.
In terms of competition, there are several welding and trailer repair shops within a 10-mile radius, primarily small and established for over a decade. However, these competitors often lack organization and have longer service turnaround times, averaging two weeks or more. In contrast, Hot Shot Enterprises prides itself on courtesy, efficiency, cleanliness, and a commitment to customization, which together provide a distinct competitive advantage in the local market.
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General Information
Business Registration Number: 54868482-001
Location: Bull Shoals, AR, 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: NO
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Funding Usage
Land development for expansion.
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Business Plan
With the land development we can expand our business to be more efficient and profitable. We want to expand our marketing once we are at the level we need to be. We are in a beautiful small town in Arkansas. We have great customers and our base is growing. I believe we are providing a great service to this community. Since it is a boating community we have tailored our business to the area we live. There are other small towns around us and we would like to use the grant to expand and draw in more business.
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Self Identified Competition
There are several welding shops and a few trailer repair shops about 10 miles in radius. They are mostly small in size and have been in business for 10 years plus. What I have noticed is they are not clean or organized. Their turn around time for work being done is usually 2 weeks. This is the opposite of Hot Shot Enterprises. As mentioned about our competitors they take at least 2 weeks to finish their service and sometimes they can be a month out. At Hot Shot Enterprises we saw the need for courtesy, efficiency, cleanliness, and customization.
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Contact Applicant
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