Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 4

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 4
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 business holds a dominant share of the available market, we do nonetheless face intense
competition. Competitors range from industry operators that maintain fleets of vessels, to single vessel owner-operators and part-time
charter companies. Existing and prospective competitors have or could have advantages over us such as those with greater name recognition,
longer operating histories, deeper service offerings, larger customer bases, substantially greater financial or other resources. Many
of our competitors offer fishing charters at a low-cost that may be difficult or impossible for us to match and are able to book fishing
charters directly from their own e-commerce websites as compared to our reliance on third-party booking sites or services to accept payment,
all of which are paid a fee for each engagement.

We
are faced with a bevy of competitors in the Tampa Bay area that include:

  Queen                                                                                            

  Poseidon                                                                                    

  Florida                                                                                      

While
this list of competitors is in no way exhaustive it does provide a snapshot of competition in the area and some of the distinguishing
characteristics used by these competitors to attract fishing charters.

Our
competitive weaknesses are tied to our limited operating history and the size of our operation. Since we are relatively new to operating
in the Tampa Bay area, our business struggles with brand recognition in a market filled with options. We expect that the implementation
of our business plan will increase brand recognition and customers for our fishing charters. However, efforts to expand brand recognition
require that we overcome our biggest competitive weakness that being the limited financial resources at our disposal. Material growth
will depend, in no small part on our ability to purchase an additional vessel to host dolphin sightseeing charters, and our willingness
to spend additional sums on marketing our charters. We do not presently have the funds necessary to purchase a suitable dolphin sightseeing
vessel, or to boost marketing efforts.

Despite
the nature of the fishing charter industry and our competitive weaknesses, we believe that the services we offer today will continue
to compete effectively due to several factors. We have a team with excellent experience in the fishing charter industry that provides
the core strength of our workforce. Aside from the synergies that exist in our carefully selected workforce, our charters are guided
by best practices in the industry. Our captain is at the top of the range for expertise in running fishing charters. Another of our strengths
is our location in Palmetto, Florida with easy access to the Florida Gulf Coast, an area extremely popular for anglers and tourists alike.