Adorn Jewelry | Application Preview
Adorn Jewelry is applying for government grants to secure funding for a down payment on a primary residence. This new space will enable the owner to operate the business from a dedicated office instead of a garage, ultimately allowing for a more professional setup.
The business plan focuses on making this venture the primary source of income while keeping operational costs low, particularly in terms of daycare expenses for the owner's two young boys. Previously, the owner managed a successful bar for seven years and aims to balance work and motherhood through this jewelry business.
The application emphasizes the need for funding due to the high costs associated with renting commercial space, which significantly reduced profits. Though there are a few competitors in the area, they do not provide in-home appointments or offer high-quality gold options, positioning Adorn Jewelry to have a distinct competitive edge.
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General Information
Business Registration Number: 932538044
Location: St. Augustine, FL, 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
This funding will be used towards a down payment for a primary residence that will accommodate running the business out of an office space instead of my garage.
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Business Plan
I hope to make this my primary income while working out of my home to save on day care costs. I am currently a mom to two young boys and I'm looking for something flexible that allows me to work out of my home. I am in need of the space to do so. I was paying for a commercial space but it ate into all my profits. I owned a successful bar for 7 years and now hope to run a business that allows me to still be mom.
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Self Identified Competition
I have a minimal amount of competitors in my area. However, they do not offer in home appointments or high quality gold, only filled. I have a minimal amount of competitors in my area. However, they do not offer in home appointments or high quality gold, only filled.
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