Boutique 66 | Application Preview
Boutique 66 is seeking government grants to enhance its operations and community presence. The funding will primarily be allocated to staff payroll, allowing consistent retail hours, while also upgrading the event space to promote safety and appeal, encouraging group gatherings.
The business aims to build a strong reputation, fostering customer referrals and repeat visits, with immediate focus on retail sales to generate income. Their strategy highlights the predictable growth potential in their supportive and growing town, complemented by significant tourist traffic, assuring a solid investment opportunity.
Boutique 66 faces minimal competition, as only one small boutique and a few local retailers exist, offering limited selections. The previously available event space in town has been lost, creating a demand that Boutique 66 aims to fulfill.
The boutique's competitive advantage lies in its unique offerings of locally made Nebraska products, distinguishing itself from others that resell items online, thereby supporting local businesses and the community's economy.
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General Information
Business Registration Number: 15645657
Location: Valentine, NE, 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
The funding will be put towards the cost of payroll ensuring regular retail hours can be expected. Beyond that, the event space needs to be updated to create a safe, functional, and aesthetically pleasing atmosphere that will draw in groups.
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Business Plan
Growth comes with time and a clients. Creating a great reputation for the business is the main goal to ensure referrals and repeat customers. Right now, retail is the main goal to start generating income to help continue that as well as create an incredible event space venue! Investing in the future is often difficult because of the unknown. The fact that the future is predictable in this business is the main reason for being confident in this entire investment! Our town is supportive, generational, and growing. Along with that, we see so much traffic from tourists, the opportunity to thrive is undeniable!
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Self Identified Competition
There aren’t many competitors at all in our town. There is a small boutique who sells wholesale clothing and there are a few local businesses that dabble in retail, but do not offer much selection. The event space in town is nonexistent now. Previously, we had one that was constantly offering opportunities and with the death of that owner, the town is now craving the entertainment space again! I am different from the other local boutique because I don’t buy my products online and resell them. I offer NEBRASKA made products to support other small business and keep our money local!
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Contact Applicant
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