7.3 SR 05-15-2023 - Laserfiche WebLink

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Business Plan for Beaudry )%1 Lubricants rip Purpose of Business To provide lubricant products to commercial companies in Minnesota and Wisconsin, focusing on industries such as Automotive, Trucking, Excavating, and Agricultural. Business Established Beaudry started with one employee in Elk River, MN, in December of 1981. Today, we have over one hundred employees and six office locations throughout Minnesota, and our main office remains in Elk River. Factors Contributing to Growth Our commitment to providing solutions tailored to each customer's needs is the number one factor contributing to our growth. In addition to our service, we offer highly competitive prices, customized set-ups and installations, lab testing motor oils, and other complete programs to meet the needs of our customers, regardless of size. Trust and communication are critical to building and maintaining customer relationships, and we are committed to exceeding their expectations. What Sets Us Apart From the Competition Aside from our commitment to our customers and services, we have an exclusive distribution contract for the Twin Cities and Central Minnesota with Petro -Canada, one of Canada's largest oil companies. In addition, the growth of our brand Eagle Gold Motor Oils, allows us to offer premium lubrication oils for an affordable price. Finally, last year we added Lucas Oil Products to our division. Lucas Oil is one of the fastest -growing lubricants, enabling us to enter the specialty market of power sports and performance motoring. Top Competitors Our number one competitor is Lube Tech of Golden Valley and multiple other distributors within the Twin Cities. However, expanding our product offerings and solutions to suit businesses from the smallest shop to the national corporation separates us from our competitors. Why We Need This Warehouse We are continually expanding our streams of income and product offerings. As a result, our growth projections over the next five years indicate that we need to hire approximately 15 new employees in the next 24 months and 20 in the next five years in the lubricants division alone. In addition, we estimate that we will have six delivery trucks within five years, requiring additional dock space and warehouse storage to accommodate this growth. Why Do We Need ELk River's HeLp? To reduce fuel and labor costs, the property selected for our new warehouse location is as logistically close to our main office and repair shop as possible. However, there are factors at this location that causes additional financial issues to build here. For example, we must purchase environmental credits, fill to bring the land up to grade, and run an 8-inch waterline from the adjoining development. Without the city of Elk River's help, these factors will make this project non -feasible due to extraordinarily high upfront costs.