Bluewater Laundry & Linen | Application Preview
Bluewater Laundry & Linen is seeking government grant funding to enhance its operations. The funds will be used to purchase new equipment that will boost capacity and speed while reducing water and gas consumption. Additionally, the funding will help acquire new inventory to support expanding their customer base and allow the company to reinvest in employee wages.
In its five-year business plan, Bluewater anticipates significant growth by installing new machines that will double their operational speed. Despite a 34% growth in the past year, the company has faced limitations due to existing capacity constraints and cash flow challenges.
The company highlights its ability to navigate challenges posed by the pandemic, supply chain issues, and inflation while maintaining high-quality service for its accounts. Operating in a market with limited competition, particularly among local property management companies, Bluewater serves a vital need for reliable laundry services in the Myrtle Beach area.
Competitively, Bluewater stands out for its commitment to quality and customer service. With only one other struggling competitor in the area, Bluewater is well-positioned for growth, as it diligently works to meet customer needs and ensure satisfaction, making it a trusted partner for its clients.
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General Information
Business Registration Number: Bluewater Laundry & Linen
Location: Loris, SC, United States
Length of Operation: 1-5
Number of Employees: 11-25 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
This funding will allow us to purchase new equipment that will increase out capacity and speed while lowering water and gas usage. It will also help fund our purchase of new inventory needed to add new accounts. And most importantly free up cash so we can put money back into the company to increase our wages for our hard working staff
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Business Plan
The next 5 years we believed we can experience significant growth. We are going to install new machines that will increase capacity and double our speed. This will allow us to take on more accounts. We have limited ourselves (although we grew 34% this year) due to the constraints on capacity of our plant and the need to purchase more inventory which eats up our cash flow. We are a company that has fought through a launch during the pandemic, supply chain, inflation and we continue to over come these head winds and service our accounts with high quality and strong customer service. The space we operate in has very little completion. We do not take on the mega resorts that have large cooperate funding. We operate in the area of property management companies that are run by local small business owners that desperately need good and reliable service. The Myrtle Beach area has a massive market for our service.
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Self Identified Competition
We have 1 other company that is in our space (see above ref about our space) but that company is in serious distress now. It was run poorly and the equipment is failing and has resulted in several accounts moving to us. We are anticipating this company will not be around in 1-2 years. Other completion really is when potential customers try to take on serving their linens on their own due to lack of trust of companies that have operated in this space. We take tremendous pride in our quality and service. If something isn’t right or if there is a special request we do whatever it takes to make sure our customers can service their customers at the highest level possible. We work with accounts to develop the best system that helps their team function at a high level. No matter what size account we have we worked hard to make sure they get nothing but the highest quality and service possible.
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Contact Applicant
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