Jeff Farah
Orlando, FL (USA)
Role(s):
VP/SVP/Dept Head
Seemore Shine
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Startup
Location:
Orlando
Industry:
Transportation
Year Founded:
2007
Number Employees:
1-10 people
Description:
Farah Five Inc. is a Florida based company providing truck body painting, refinishing and collision repair to commercial vehicles both to large and small corporations operating fleet vehicles in the greater Orlando, Florida area.
SeemoreShine and its operations, including a 45ft. paint booth and three bays. Founded in 1989 by Mr. Michael Barnum, SemoreShine began repairing and painting trucks at its present location, growing the business to generate well over $700 thousand in annual revenue with little marketing efforts. Client base established on great reputation and returning loyal corporate customers. After near twenty years building-up his retirement fund out of SeemoreShine dividends, Michael decided to retire and sell the business.
Meantime Jeff and Erika Farah searched for a profitable and mature business for several years and in 2007 they acquired SeemoreShine, a business that had a success story, great location, incredible fortune 500 customer base and profitable books. While Mr. Barnumn was content with the size of the business he had built, the new owners have very aggressive growth plans for the near future, the sky is the limit.
Loan Purpose
The short term goal for the loan is increase working capital to support immediate growth.
The long term goals of SeeMore Shine are to expand services to include mobile repairs, graphics, lettering and full body wrap graphics, a larger paint booth for trailers, buses and RVs, and purchase the building they currently occupy.