Formula for Mula, LLC | Application Preview
Formula for Mula, LLC is seeking government grants to acquire a photography studio and rent out additional rooms. The total funding request amounts to $100,000, broken down as follows: $90,000 for the purchase and closing costs of the building, $5,000 for renovations to the rental spaces, and $5,000 for a new computer and a year’s subscription to contract editing services.
The business strategy focuses on several key areas: pursuing larger contracts, participating in wedding festivals to boost wedding photography bookings, delegating time-consuming tasks to improve efficiency, and aiming for a 33% increase in sales.
The grant funding is positioned as a way to significantly benefit the community. In terms of competition, the business identifies Olan Mills, Portrait Innovations, and school system photographers. Formula for Mula's competitive advantage lies in its commitment to exceptional customer service and ensuring clients receive a personalized photography experience.
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General Information
Business Registration Number: 454677607
Location: Simpsonville, SC, United States
Length of Operation: 9
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
To purchase my current photography studio from the current owners and rent the open rooms to tenants. 90,000 - Purchasing building and closing cost 5,000 - Upfit of rooms for rental 2,500 - 1 new computer 2,500 - 12 month subscription of contract editing services
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Business Plan
1. We will begin to seek larger contracts 2. we will join the wedding festivals to increase volume of weddings 3.Leveraging time but delegating most time consuming tasks 4. Increase sales by 33% Because I will impact the community by receiving these funds
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Self Identified Competition
Olan Mills Portrait Innovations School System Photographers I'm willing to go the extra mile to make sure my clients receive the session that they deserve.
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Contact Applicant
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