Bridge Builders Transportation, LLC | Application Preview
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General Information
Business Registration Number: 47-4213450
Location: Mountain Home, AR, United States
Length of Operation: 6-10
Number of Employees: 11-25 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
The company is currently $102,000 in debt. New vans will be needed soon. They can be obtained for about $14,000 each.
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Business Plan
The revenue potential is only limited by our ability to provide the service. We can't possibly meet the demands with our current fleet and burden of debt. Our high operating expense translates into low wages. We start at minimum wage. If we could eliminate debt, we could buy more vehicles and hire more people. We provide a needed to service to the low-income families in our area. Our broker, Verida, is not able to meet the demand. They need Bridge Builders to take people to their needed appointments. Also, there are many children who need the therapies offered at Kidspiration preschool. We recently had a van go down and could not afford to replace it. It is only a matter of time before our vans continue to go down one at a time. If I go down just one more van, I will have to liquidate the business or borrow more money. The burden of debt is already too great. We have provided excellent service to the people of our area for nearly 10 years. We have an amazing, selfless dedicated team. I would love to provide better wages and equipment to serve the people safely.
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Self Identified Competition
We don't have any competitors. This business is just about impossible for startups now. The reason being is that the insurance companies won't insure new businesses who don't have loss records. Basically, it's us. And if we go down, there will be many, many people who won't receive needed transportation. Again, the question is moot. There is one other company in our area (NATS). We don't consider them competitors because they mostly serve a different market. It is my understanding that they receive grant funding. This allows them to provide service to individuals at a greatly reduced rate. Which is also something we could do if we had the funding. There is no public transportation in our area, but there IS an aging population. People are driving themselves - sometimes at greater risk - because they simply cannot afford what we have to charge.
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Contact Applicant
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