VIVID NY, inc. | Application Preview
VIVID NY, Inc. is seeking government grants to support its operations during the challenges posed by the COVID-19 pandemic. The funds will specifically be used to cover rent, payroll, and to purchase new merchandise for sale. The business opened just six months prior to the onset of the pandemic and has experienced a decline in sales due to store closures.
Despite having many returning customers who are eager to buy clothing and apparel, the owner faces difficulty acquiring new seasonal inventory. The lack of sales history has resulted in limited funding through previous relief programs, which has not been sufficient to sustain the business. The landlord continues to require rent payments, and to mitigate costs, one of the two units occupied by the store has been closed.
VIVID NY distinguishes itself as the only clothing store for middle-aged women in its local area, providing specialized and well-fitting apparel. Key competitors in the broader market include larger retailers like Macy's, Bloomingdale's, and Marshalls, but VIVID NY's unique focus on this niche demographic offers a competitive advantage.
The owner emphasizes the critical need for funding to maintain the business and continue serving the community.
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General Information
Business Registration Number: 84-2951100
Location: Fresh Meadows, NY, United States
Length of Operation: 1 year 7 month
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Pay rent(landlord want me to pay during pandemic-store was closed) Payroll And need to purchase goods for sale
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Business Plan
I just opened about 6 months before get covid-19. I had lot of returned customers.. Now My customers want to buy some clothes and apparel.. But i need to purchase new season stuff for sales. Sale will getting better when i get the goods. I don’t have sales history.. Because I just opened 6months before get covid-19. So when I apply PPP and SBA LOAN, they just gave me little fund..it is not enough to doing business. And our landlord want me to make a payment rent when we closed store during the pandemic.. Actually my store was using 2 units of mall, but i couldn’t make a payment..so we close 1unit.. And my tore is the only store for Women in this neighborhood. I just need fund for keep doing the business. Thanks
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Self Identified Competition
Actually i have small store for sales cloth and apparel.. If you want me to tell about competitors, Then it will be MACYS.BLOOMINGDALES. MARSHALLS. Our store is the only store for Middle-aged woman in this neighborhood. And we offer cloth and apperal to the customer who order special designed and fitting rightly to them.
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Contact Applicant
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