Phlipots Whimsical Emporium | Application Preview
Phlipots Whimsical Emporium is seeking government grants to support their growth by acquiring new products and assisting with wages as they expand their business. Their goal is to maintain low prices for customers while ensuring profitability.
The business plan focuses on increasing product variety, securing larger supplies, and enhancing marketing efforts. They emphasize the importance of community service and giving back to those who have supported them.
Phlipots faces competition from larger retailers that can purchase merchandise in bulk, allowing them to have a continuous supply and a wider range of high-end products. In contrast, Phlipots can only refresh their inventory monthly or bi-monthly.
What sets Phlipots apart is their commitment to customer service and community. They operate five days a week, providing a relaxed shopping experience, and they prioritize running a family business that supports children with special needs. This unique approach highlights their dedication to both their customers and the community.
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General Information
Business Registration Number: Phlipots Whimsical Emporium
Location: Bryan, OH, 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: YES
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Funding Usage
Our funds would be used to be able to get new product in, and also to help with wages as we continue to build our business. We would like to be able to continue to offer the lowest prices to everyone while still being able to earn money.
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Business Plan
We plan on growing our business to include more product, being able to get to a bigger supply and have better marketing areas. Investors should invest in us because we want to continue to provide products at a low cost. We want to be able to serve not just our customers but our community as well. We want to be able to give back to those who have supported us.
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Self Identified Competition
Our top 3 competitors or any competitors at that are the ones who are able to buy truckloads of merchandise at a time. They have the ability to have a constant rotation of products. Whereas we are only able to have the rotation ever month or every other month. They are also able to get higher end items whereas we are not at the moment. What makes us different from our competitors is that we offer a 5 day a week business that people can come and look in and not feel like they are rushed. We are a family business that wants this, so we are able to take care of our children with special needs.
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Contact Applicant
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