Fredly Photo | Application Preview
Fredly Photo is seeking government grants to fund the opening of a photography and videography studio. The funding will be used for leasing and renovating the studio, which will offer services such as studio and camera rentals, as well as printing services.
In the next five years, the business plans to grow through targeted social media marketing and Google ads. Fredly Photo will engage the local community with monthly free photoshoot giveaways and workshops for aspiring photographers, providing them with coupons for studio use.
The applicant highlights a solid business plan backed by three years of industry experience, emphasizing dedication to hard work and aspirations to expand to a second location over time, contributing to job creation.
In terms of competition, Fredly Photo identifies three main competitors located within a three-hour drive, each excelling in specific services: StanFo focuses on events and portraits, Wallcrawl specializes in studio rentals, and Spex primarily does portraits. By incorporating strengths from each competitor into their own business model, Fredly Photo aims to stand out.
The competitive advantage lies in the studio being a one-stop-shop that keeps up with trends. Unique offerings will include garment printing, picture frames, and a specially designed neon room for creative photoshoots, positioning the studio as a high-end option in the market.
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General Information
Business Registration Number: 86-1821211
Location: BRADENTON, FL, United States
Length of Operation: 5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I am opening a studio where I’ll provide photography and videography services, studio rental, camera rental and printing services. I will need the funds to lease and renovate the studio
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Business Plan
In the next 5 years, I will be using social media, Google ads to grow my business. I will have free Photoshoot giveaways every month. I will have free workshops for aspiring photographers in my area and give them coupons to come use my studio. I have have a sound business plan. I have been studying the photography business for the past 3 years and I know what works and what doesn’t. I am a hard worker and my goal is to open a second location in another city, creating more jobs for the economy.
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Self Identified Competition
My top 3 competitors are StanFo photography in Orlando, Wallcrawl In Orlando and Spex photography in Miami. They are all within 3 hrs drive distance. People come from all over to use their studio. Spex mainly does portraits, Stanflo does events and portraits but wallcrawl mainly does studio rental. And they are known for that. I took that one thing each of them does really well and put it in my business plan. I will be a one stop shop. And I keep up with the trends. I will provide garment printing, picture frames and I will have a neon room where people can go and take really cool pictures. And my studio will be a high end studio.
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Contact Applicant
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