Hill-Penny Vending Company llc | Application Preview
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General Information
Business Registration Number: 88-2476967
Location: Park City, IL, 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
Hill-Penny Vending Machine Co. is currently in negotiations with a school district in Lake County IL to supply vending machines to 6 of their schools. Requesting two machines per school. We would need to order 12 machines with the average drink machines costing $2500-3500 , as well as snack machines average cost of $1800-2300. Also every machines needs to be equipped with card reader which come around $300 per reader. We would love to get these machines in these schools as quickly as possible to serve the students and staff.
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Business Plan
The next 5 years I want to grow my business at a scaling pace around 5 new locations a year totaling 25 locations. One segment we will be heavily in are school districts and colleges. We will also be looking for opportunities in gyms to provide with healthy drink options. We are based in the Chicago land area so we will also focus on getting machines in warehouses that have around 100 employees or more. Hill-Penny Vending co has a vision to serve the community while also having a great opportunity to create a business with great structural bones. As any seller we intend to provide clients with the latest drink and snack options that they can have at their leisure as expected. We intend to grow with technology as far as payment options to continue to make business as seamless as possible. We have a great supplier locally that provides are machines with warranties as well as provides maintenance and servicing to machines if needed. In 5 years we also plan to scale into other businesses either car wash or laundromat.
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Self Identified Competition
Our competitors are other vending machines companies as well as the option for people to have drinks from the store. We are different in how we are strategic in deciding where are machines will placed. Depending on locations we will give out quick surveys to get an idea of interest of products this particular location may want. We also pay attention to common trends in the market and new food options or highly popular food items. Me and my business partner can both also work on these machines which gives piece of mind during any mechanical issues that may arise.
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