Bibi’s Nail Bar | Application Preview
Bibi's Nail Bar is seeking government grants to support its expansion into a new shop location. The funding will be allocated for various essential expenses, including payroll, equipment, inventory, and renovation costs.
The business plan focuses on establishing a visible location to attract foot traffic and increase customer base. Additionally, Bibi aims to enhance social media engagement to promote the business effectively. Once the first location is stable, the goal is to open a second location.
The rationale for funding approval highlights the consistent demand in the nail industry, particularly among women, suggesting strong revenue potential. Bibi emphasizes a commitment to professionalism and continuous improvement, adapting to trends in the nail business.
The primary competitor is Evon Nails and Spa. Bibi's competitive edge lies in being a young professional dedicated to staying updated with industry trends and committed to business growth.
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General Information
Business Registration Number: 803961003
Location: Houston, TX, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Bibis nail bar is expanding and moving to a shop location. Funds received will go towards payroll, equipments, inventory and renovation costs.
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Business Plan
I plan to grow my business by first putting it in a good physical location to attract leg traffic meaning more customers. I plan on growing it by also increasing social media presence that is constantly promoting the business and hopefully once the first location is stable enough to run itself open a second location. Investors should invest in my business because the nail industry is constantly evolving and people will always want their nails done especially women, which means more revenue. I am also very good at my job and believe I can make this business big because I am constantly improving and trying to learn new tricks to keep up with the changes that come.
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Self Identified Competition
Evon nails and spa I am a young professional that is willing to make sure I keep up with trends in the nail industry and I am also willing to grow
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Contact Applicant
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