PELT'S EMPORIUM | Application Preview
-
General Information
Business Registration Number: 27-0043773
Location: Detroit, MI, 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
-
Funding Usage
PURCHASE OF LAND, ERECTION OF WAREHOUSE, LEAGLE, EQUIPMENT, PACKAGING LINES, SMALL BOX TRUCK, SMALL COMMERCIAL VAN, OFFICE EQUIPMENT, MAINTENENCE EQUIPMENT, STATIONERY, ALL IN ONE PRINTER, BAR CODE LABLER, HAND HELD BARCODE SCANNERS, SCALE, PALLET WRAPPING MACHINE, PNEUMATIC SYSTEM AND TOOLS, FIRE SUPPRESSION SYSTEM, SECURITY SYSTEM, ELECTRIC FORK LIFT, INVENTORY, MARKETING, INSURANCES, T1 INTERNET LINE, PHONE SYSTEMS WITH INTERCOM, CONFERRENCE SYSTEM, ADVERTISING FLATSCREEN TVS, SIGNAGE, FLAG POST USA FLAG/COMPANY FLAG/BAHAMAS FLAG, UNIFORMS, OFFICE DOCUMENTS, LOCKERS, BREAK ROOM FURNITURE.
-
Business Plan
Phase 1, 2, and 3– 1st year start-up plan details the creation of PE’s physical location. Begins immediately when the seed funding is received. This is to be considered the physical launch of PE. Phase 4, 5, and 6- Consists of extending our reach throughout the Midwest region and branching Eastward to New York, then downward towards Maryland, West Virginia, North and South Carolina, Georgia, Alabama, and Florida. This will take course over the next 5 to 10 years. Phase 7-10- includes utilizing the international shipping ports in Georgia(importing), and Florida (exporting to the Bahamas and Jamaica) as well as extending our reach Southwesterly to Mississippi, Louisiana, Texas, New Mexico, Arizona, and finally to California. We estimate that this section of our plan may encroach on the 15 to 20 year time frame. We can give you some statistics on why to invest in a BOOMING industry. This is an article from the GITNUX MARKETDATA REPORT 2024 article on Hair Extension Industry Statistics [Fresh Research] Last Updated: December 16, 2023 (Written & Summarized by: Jannik Lindner) "The global hair extension market is expected to grow at a CAGR of 4.5% during the period of 2021-2026. In 2020, the hair extension market was valued at approximately USD 5.41 billion. North America held the largest market share for hair extensions in 2019, accounting for about 30% of the global market. The online sales segment of hair extensions accounted for 31.5% market share in 2021. The demand for human hair extensions is anticipated to grow by over 7.8% during the forecast period of 2021-2026. Asia-Pacific is predicted to experience the highest growth in the hair extension market, with a CAGR of 5% during the forecast period. The synthetic hair extension market share is estimated to decline by 7% between 2021 and 2026. The global hair wigs and extensions market revenue is projected to increase by 20% from 2017 to 2023. The Virgin Remy hair extensions segment held a significant market revenue of around 54% in 2020. Salon-based application of hair extensions could hold the largest revenue share, at about 36% in 2021. Fusion hair extensions are expected to grow at a CAGR of approximately 5.7% during the period between 2021 and 2026." Nearly 2,500 hair extension businesses are currently operating in the United States. None of which are in a position to do what we are planning on accomplishing, nor operate their establishments in the manner that we will.
-
Self Identified Competition
We would be the first. While the business of hair care is a multi-billion dollar a year institution, we at PELT'S EMPORIUM know why it is so. Everyone feels the need to look and uphold that status of being the absolute best version of themselves. The industry has learned that consumers are willing to go to great lengths to present themselves as such and have taken measures to increase prices over time to create super wealth. Becoming an integrated part of this industry, PELT'S EMPORIUM will have the unique capability of marking up our products up to 1600% to meet our rivals in terms of costs per consumer. However, The idealism of PELT'S EMPORIUM is founded on hope based on fairness. We plan on leveling the playing field so that everyone gets a chance to play. We’re focused on giving everyone an avenue to be beautiful, not just the influencers, rich, and celebrities. Opening a warehouse for wigs and extensions alone will serve to cut costs and keep them down allowing us to draw even more clients to our business. While there are hair care shops all around the USA, there are hardly any stock and distribution warehouses. This, with us being a minority owned business, plus our supplier provided luxurious high quality of RAW and Remy Virgin hair as well as our capability of cost competitiveness is our niche!
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
