MVP Barbershop | Application Preview
MVP Barbershop is seeking government funding to enhance its marketing efforts, specifically through signage, flyers, mailers, and participation in local markets and events. The business aims to attract new and potential customers while establishing a strong community presence.
The barbershop focuses on community engagement and operates on a foundation of respect, prioritizing quality grooming services. With an established client base, the goal is to serve 15 clients daily at prices ranging from $30 to $35 per haircut, aiming for a monthly revenue of $3,000. This income would cover overhead costs and help pay off a potential business loan. The owner also plans to train additional barbers to maintain the business model and eventually expand to multiple locations.
The application highlights several strengths, including the owner’s 11 years of experience, creativity in barbering, and knowledge of current trends, alongside the opportunity presented by the limited competition in the area. Leveraging word-of-mouth marketing through established networks is also a key strategy.
MVP Barbershop’s competitive advantage lies in its ability to cater to all ethnicities and cultures, offering specialized grooming services, including fades and shaves, along with additional treatments like hot towels and facials. The business is committed to giving back to the community through initiatives such as back-to-school drives and providing free haircuts during holidays. Approval of the grant would support the shop's growth and its contributions to the local community.
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General Information
Business Registration Number: 84-4765507
Location: HOBART, WI, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
My plan to use the funding to go towards marketing to help the business grow signage and flyers and mailers to draw new and potential customers into the business as well as entrepreneurs markets and being a vendor at local farmer markets
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Business Plan
Be a small business that gives back to the community Build on foundation on respect first, profit second. Provide quality grooming and hair services. MVP barbershop has a solid clientele already. The goal would be to have 15 clients per day with the price structure of $30 – $35 per haircut for 6 days a week within a month plus tips would average $3000 The goal of having $3000 per month in revenue for the first year, which would cover the overhead for the building plus a monthly payment on a business loan if accepted. With that system in place I plan to train other barbers to run the business as I would and expand to other locations in the area Strengths: Creativity and imaginative skills in the barbering field. 11 years of experience in barbering and customer service Staying current on barber industry trends. Opportunities: Not a lot of competition in the area Use word-of-mouth marketing to the network that he has already developed. I would be a great investment for that I can service all ethnicities and my opportunity for growth and development is limitless
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Self Identified Competition
Starz barbershop Hancan barbershop Great clips What makes my business different is that we cater to all ethnicities and cultures we specialize and fades razor, shaves, and all types of styles. We also offer services like hot towels, steamers and facials on top of men’s grooming. My business gives back to the community with back to school drives and gives back to the less fortunate. We’re free haircuts for Christmas and Thanksgiving.
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Contact Applicant
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