Home Buzz Staging & Redesign, LLC | Application Preview
Home Buzz Staging & Redesign, LLC is seeking government grant funding to enhance its business operations. The primary goal is to increase the availability of furniture and decor for vacant home stagings, which bring in the highest income for the business. Currently, the limited inventory restricts staging to only 1-2 homes at a time, resulting in potential monthly losses of $4,000 to $10,000 due to missed opportunities. By purchasing a moving truck and moving to a warehouse for storage, the business aims to streamline operations, allowing for multiple stagings each month.
The expansion plan includes increasing inventory, transitioning from a storage unit to a warehouse, hiring staff, and acquiring a moving truck. This will facilitate relationships with realtors and home investors, ultimately enabling the business to serve additional counties in California.
The proposal outlines the competitive landscape, highlighting challenges from real estate agents who self-stage, underpriced staging companies, and virtual staging services that undervalue homes. In contrast, Home Buzz emphasizes the importance of creating emotional connections through thoughtful and certified staging practices that resonate with potential buyers.
The competitive advantage lies in the commitment to providing a welcoming and aesthetically pleasing environment, ensuring client satisfaction, and leveraging ongoing education in home staging trends. The funding will support the creation of job opportunities in the community and enhance the quality of staging services provided.
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General Information
Business Registration Number: 20025742
Location: Palm Springs, CA, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Vacant home stagings bring in the most income. In order for my business to perform these vacant stagings, I need to have furniture and decor on hand. Without inventory to fill multiple homes I am unable to take on more than 1-2 stagings at a time. My inventory, on average, stays in a staged home for 2 months at a time which can hinder my income greatly when I have to turn down new staging inquiries. I can miss out on up to $4,000-$10,000 per month! The costs of renting moving trucks is not ideal so I plan to purchase my own moving truck to transport staging items for each staging service. Not to mention, with a growing inventory I will have to find a larger storage space. I plan to eventually rent an entire warehouse to store everything which will cost around $2.000 per month. Basically i will be using this funding to expand my business so that I can start hiring employees and bring in additional income.
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Business Plan
By expanding my inventory, moving from a storage unit to a warehouse, hiring a staff, and purchasing my own moving truck I will be able to perform multiple stagings each month. This will allow me to build relationships with realtors and other home investors within my community. Eventually I will be able to expand my business to other counties in California. I want to create job opportunities for my community as well as provide the most outstanding staging services for my county.
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Self Identified Competition
Real estate agents who think they know how to stage a home, other staging companies who tend to undercut their pricing, and virtual staging companies are my 3 biggest competitors. There are a few real estate agents that decide to take staging into their own hands. Unfortunately this leads to living rooms that are still bare, consisting of a sofa and area rug - or maybe just a table in the corner with a vase on top. Staging companies who lower their staging costs to compete with other stagers are usually using outdated furniture and are most likely not certified stagers. They often don't keep up on current trends or do not follow the protocol for staging designs that match the architectural style of the home. Virtual staging companies can make listing photos look very artificial. Even if the virtual staging looks realistic in the photos, home buyers are often disappointed and walk away when they see it's not actually furnished upon viewing the home in person. Although their intentions are good, these competitors actually decrease the value of the home, as there is no emotional connection created. Most home buyers can not look at a home objectively. Walking into a bare space, it's hard for them to imagine themselves living in the home. Fortunately, most home owners, investors, and agents recognize the value in staging. Those who do are my loyal clients. They understand that hiring a certified stager is going to earn them more money and a quicker sale. My focus is to create multiple emotional connections for home buyers when they view a home I've staged. It's important that they get an idea of a proper furniture layout for each room as well as experiencing the visual of a comfy, welcoming home. I consider my client and I to be teammates and make sure to meet their needs so that they are 110% happy with their home staging investment. I took the time to educate myself in home staging and redesign. I earned my certification as a professional in this realm and continue to educate myself on new decor styles and the ever-changing housing market.
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Contact Applicant
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