Bluewater Laundry & Linen | Application Preview
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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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