Sole Food Llc | Application Preview
Sole Food LLC is seeking government grants to fund the purchase of inventory and establish a well-designed store. The initial plan is to launch one location and, over the next five years, expand to two additional stores in different states, growing both inventory and revenue.
The application highlights the potential for investors to gain returns, as the business model focuses on buying sneakers at retail prices and reselling them at higher market values, resulting in profits ranging from $100 to $2000 per item. The only financial risk involves the initial investment in inventory.
Sole Food's primary competitor is "Sole Revival," the only other sneaker boutique in the area. However, Sole Food claims a competitive edge with superior product knowledge, exceptional customer service, and an appealing store design. The emphasis is placed on the profitability of each product purchased at retail prices, ensuring a favorable outlook for the business once operational.
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General Information
Business Registration Number: 86-3616887
Location: Cincinnati, OH, United States
Length of Operation: Less than 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Purchase invent for store. Set up and design store.
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Business Plan
Five year plan is to start with one location. Build enough inventory and revenue to open up two more locations in other states. Investors should invest in my business because it only has profits gains. Sneakers will be bought at retail and resold at a higher price based on market value. Only losses possible for my business to take are money spent on sneakers. Once opened up there will only be profit made on each item varying from $100-$2000 in profit.
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Self Identified Competition
I have one competitor “Sole Revival” is the only other sneaker boutique in the area. I have a greater product knowledge than competitors. Customer Service experience will be outstanding. Product will be better. Interior design of my store will bring more business based on theme. All my product was purchased at retail price so I will make profit on each item.
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Contact Applicant
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