Mr Hollywood | Application Preview
Mr. Hollywood is seeking government grants to fund the purchase of a school for $65,000. He plans to allocate part of the funds for a $2,000 state board inspection, along with covering rent, employee salaries, and necessary office and school supplies. His business model aims to recruit up to 60 students each semester, tapping into the consistently high demand for beauty services.
The rationale for funding approval highlights the enduring need for beauty industry services, as everyone requires haircuts and skincare. Mr. Hollywood identifies key competitors in the area: the Charleston School of Beauty, Huntington School of Beauty, and Carver School of Beauty.
He believes his school has a competitive advantage because Huntington does not offer financial aid, while Carver operates only part-time, leading to a longer program duration. Additionally, the Charleston School of Beauty is described as outdated and possibly unethical, whereas Mr. Hollywood's school will feature new equipment and adhere strictly to industry regulations and ethical standards.
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General Information
Business Registration Number: 46-5520197
Location: Saint Albans, WV, United States
Length of Operation: 4
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I plan to buy the school for $65,000 and I'll have to pay state board for a school inspection of 2,000 up front and then pay rent and employees and purchase office and school supplies and any extras that occur for business license, taxes, etc.
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Business Plan
By recruiting up to 60 students per semester Because the beauty industry is always in demand and everyone needs a haircut or skin care whether it be from a barber, cosmotologist or aesthetician.
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Self Identified Competition
Charleston School of Beauty, Huntington school of beauty, carver school of beauty. Huntington does not have financial aid, which I will have, carver is only a part time school in which you have to go longer for 2 years, and I am open full time, and Charleston School of Beauty is old and run down and do things fraudulently and I will be new with all new equipment and will go by the rules and laws of ethics
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Contact Applicant
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