Gym Rack Apparel, LLC | Application Preview
Gym Rack Apparel, LLC is seeking government grants to eliminate current debt and establish a stable working capital for continued operations. The business, situated within a highly regarded local gym and active online presence, emphasizes community support for physical and mental health.
Currently, Gym Rack Apparel plans to expand its offerings by including affordable options, plus sizes, men's products, accessories, and potentially a children's line. The business aims to enhance its online reach while maintaining its popular physical presence. Long-term goals include collaborating with the gym to develop a wellness space that encompasses various health-related services and facilities.
The application highlights the ownership of the business by two mothers who are committed to promoting health and fitness across diverse demographics. By supporting Gym Rack Apparel, the funding body would be contributing to the health and well-being of the community. The proposal emphasizes that quality athletic apparel can boost performance and fitness experiences.
In terms of competition, Gym Rack Apparel faces established brands like Cardinal's Sports Center, Academy Sports, and Lululemon. However, its unique selling proposition lies in providing a personalized boutique shopping experience, free local delivery, and dedicated customer service, setting it apart from larger retailers that may not offer the same brands or personalized attention.
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General Information
Business Registration Number: 32065372446
Location: Lubbock, TX, United States
Length of Operation: 3
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
The funding would be used to pay down all current debt as well as supply our business with a cushioned working capital to keep the business open and functioning.
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Business Plan
Gym Rack Apparel is located inside a local gym (Voted Best in Lubbock) as well as online (website, FB, Instagram, Tik Tok). We strive to support and encourage our community to move and stay active to promote physical and mental health. We plan to grow our business by offering more affordable options as well as our current name brands. We strive to begin carrying plus size options, to increase our product availability for men as well as accessory lines, and potentially begin offering a children's line. We love our current location and yet are restricted in space there; however, our options for online growth is limitless. We will increase our online customer base and continue to encourage and promote active living in these communities. In addition, we would like to be in a financial space that we can give back to our community. Physical health is something that everyone should take seriously and providing a resource to our community, particularly to those less fortunate, for quality slightly used active wear is our vision. Long-term, we have goals and visions to work closely with our gym partner and expand the gym facility for the wellness community in Lubbock by offering a physical wellness space to include gym, apparel, sauna, bistro/juice bar, private mediation/yoga spaces, etc. Gym Rack Apparel, LLC is owned by 2 women, both mothers, that encourage and promote health, wellness, and physical activity to all ages, ethnicities, sex, shapes, and sizes. By investing in us, you are also investing in the physical health of our communities. It is a fact that when you feel good in what you are wearing you perform better. In addition, quality athletic apparel can enhance any workout routine. Providing quality, affordable options to our community as well as growing the wellness offerings locally is what we strive for.
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Self Identified Competition
Cardinal's Sports Center Academy Sports Lululemon We offer a smaller boutique experience with free local delivery/pick up. We pride ourselves in our customer service experience where every potential customer is important to us. We establish a local customer base around the love and passion for physical fitness. While some of these stores carry similar brands, they do not carry the same name brands that we do. We offer a different style and/or brand to our community.
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Contact Applicant
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