Roofing Rejuvenation Through Nano Sealers
**Background:**
LAP Services, a Roofing Rejuvenation and Water Restoration Company, is set to revolutionize the roofing industry with an innovative roofing solution that targets both aesthetic and practical aspects—Nano Sealers. This product is designed to combat microbial growth, withstand hail impacts, and provide an economical and environmental solution for roof maintenance and longevity.
**Problem Statement:**
The insurance crisis in the southern United States has driven up costs for customers who find themselves facing higher premiums or unavailability of coverage. With around 70% of roofs being replaced prematurely—an expense that both private homeowners and insurance companies bear—the need for a sustainable and economical solution is more significant than ever.
**Solution:**
Our solution, Nano Sealers, alters the traditional narrative of the roofing industry. Approved insurance tests will allow us to offer this solution to the residents at a cost-effective price while reducing the financial toll on insurance companies. As such, Nano Sealers both extends the life of roofs and preserves the aesthetics, maintaining the value of homes and their surrounding areas.
**Objectives:**
1. Perform additional wind-resistance testing
2. Expand the reach of the business to two additional territories in Mississippi
3. Invest in marketing and brand promotion
4. Purchase product inventory and application equipment
5. Hire and train a team dedicated to the Nano Sealers project
**Budget**
- 4 tests by IBHS (Insurance Institute for Business and Home Safety) - 140k
- Territories - 50k
- Marketing -50k
- Inventory and Equipment - 200k
- Hiring and insurance - 200k
**Timeline:**
Product is already being applied to roofs but testing could take 6-8 months for insurance wind approval.
**Projections**
Our enterprise currently focuses on the installation of nano roofs for average homes of about 2500 sqft. Here's a breakdown of the associated costs and earnings:
1. **Material & Labor Cost:** The cost per sqft for the installation is $1.30 for materials and $0.50 for labor, adding up to $1.80 per sqft. For an average home with a 2500 sqft roof, the cost of installation totals to $4500.
2. **Weekly and Annual Costs:** With an average of three installations per week, our weekly expense amounts to $13,500. Over the course of a year (approximated at 52 weeks), the total cost comes to $702,000.
3. **Profit Margin:** We aim to achieve a profit margin of $0.20 per sqft. Consequently, for a home with a 2500 sqft roof, the added profit is $500. Across our three weekly installations, this translates to a total of $1500 in profit per week or approximately $78,000 per annum.
With the anticipated profit margin, the investment in our project comes with a lucrative potential for returns, not to mention the enormous environmental benefit. However, our financial outlook is a conservative estimation. Possible variables like different roof sizes, higher budget clients, and increased efficiency could lead to larger profit margins.
We believe that with substantial support and funding, we can scale up operations, broaden our impact, and significantly boost the adoption of solar energy. We urge [funding body] to consider our proposal keenly, as we both stand for sustainable development and the advent of renewable energy.
**Expected Outcomes:**
With secured funding, we will establish a robust supply chain, launch successful marketing campaigns, and staff a dedicated team to enhance product delivery and application processess. This will result in the potential prevention of pre-mature roof replacements, increased customer satisfaction, and overall industry disruption.
**Funding Request:**
We are requesting funding to propel our company forward by allowing us to create a more sustainable roofing option for the roofing industry. Your investment will help us expand our reach, purchase necessary supplies and equipment, and establish a well-qualified team—all to meet the growing demand for a cost-effective and eco-friendly roofing solution.