Hair For The Streetz | Application Preview
Hair For The Streetz is seeking government grant funding to expand its inventory. The business has outlined a robust two-year financial plan, projecting total revenues of $123,000 in the first year and $152,500 in the second year, with net profits of $50,178 and $70,304, respectively.
The owner emphasizes the lack of diverse beauty supply options in their area, noting that residents in their town and three surrounding towns must drive three hours to access necessary products. This gap in the market underscores the demand for a local source of beauty supplies.
In terms of competition, the primary players are Sally's Beauty Supply, Walgreens, and Walmart, which offer only limited selections for African American and mixed communities. Hair For The Streetz aims to provide a comprehensive variety of beauty products suitable for all nationalities, including wigs and braiding hair. By catering to a diverse clientele and addressing a significant local need, Hair For The Streetz positions itself as a valuable addition to the community's beauty supply landscape.
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General Information
Business Registration Number: 7306516
Location: SUPERIOR, WI, United States
Length of Operation: 0-1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
funding will be used for inventory for my business.
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Business Plan
year 1 total revenue, $123,000 total expense, $59,484 net profit, $50,178 year 2 total revenue, $152,500 total expense, $ 63,508 net profit, $ 70,304 I believe investors should invest in me because where i reside we do not have a beauty supply store that is more divers. we drive 3 hours to get the products we need . not only one little town but its 3 surrounding towns that do not have the option to going into their local beauty supply store to get what they need because we do not have the choice to do so.
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Self Identified Competition
Sally's beauty supply store. Walgreens. Walmart. The three above stores only have a small section of beauty supplies for African Americans and mixed people. Hair For The Streetz will be for a diverse community. we will carry products for all nationalities and will have a variety of products to choose from. Hair For The Streetz will also sell wigs and braiding hair for all nationalities and for those that have hair conditions.
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Contact Applicant
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