Growth Advice Leads to New Business and New Location
Cruise Car, Inc., is the premier General Service Administration (GSA) and National Joint Powers Alliance (NJPA) approved Need-Specific-Vehicle vendor for 50,000+ government agencies, universities, resorts, and non-profits worldwide. Headquartered in Sarasota, FL, Cruise Car, Inc. was founded in 2005, and is owned by Nathan Kalin and Adam Sulimirski. They employ 20 people who provide key products that include light-duty utility vehicles, heavy-duty utility vehicles, custom golf carts, handicap carts, two to four passenger ambulance vehicles, as well as trams and trailers.
As a result of a 100% rate of growth, Adam Sulimirski, President, was faced with a need for working capital to maintain growth. The situation was shared through the GrowFL CEO Roundtables. These roundtables are part of GrowFL’s work to support manufacturers through FloridaMakes, a program that has continued to make meaningful differences. The group of CEOs advised against equity exchange and steered Sulimirski to private financing.
- $1 million line of credit
- Move to 18,000 square foot location, tripling size
- Increase in sales beyond prior year
I really appreciate the GrowFL CEO Roundtables available through FloridaMakes. One quickly realizes that we share the same stresses. We may talk about how to deal with a certain employee, logistics issues, market challenges, pay incentives, or how a certain book made an impact. I go in with a notebook and even if a problem being discussed is not currently a concern of mine, I take note knowing that as I grow, the I might face the same issue eventually. It's a great place to let your guard down and share your victories and challenges. People get emotional and really open up.
— Adam Sulimirski, President, Cruise Car, Inc.