History Children's Bookstore, LLC. | Application Preview
History Children's Bookstore, LLC is seeking government grant funding to support various essential expenses for the establishment and growth of their business. The requested funds will cover renovations, store fixtures, a point-of-sale system installation, personnel hiring, and primarily, inventory costs. Additionally, they plan for ongoing expenses like rent and utilities.
Over the next five years, HC Books aims to build a strong community presence. In the initial year, they will focus on launching interactive storytime programs and curating their inventory. As the store stabilizes, they hope to introduce workshops on creative writing and mental health awareness for children. Networking with educational non-profits and establishing a local chapter of the American Booksellers Association for children's authors and illustrators within the Raleigh/Durham area is also a key goal.
The store emphasizes the importance of education outside the classroom, aiming to make reading enjoyable through interactive storytelling and educational toys. It seeks to become a community hub focused on children's literature.
In terms of competition, HC Books faces challenges from major players like Amazon, Barnes and Noble, and a local establishment, Page 158. However, their unique competitive advantage lies in their strong community engagement. They prioritize customer feedback to shape their offerings and cater exclusively to children aged 5 to 13, with a small section for educators, thus differentiating themselves from competitors who offer a broader range of products.
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General Information
Business Registration Number: 86-2777723
Location: Wake Forest, NC, United States
Length of Operation: less than year
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
The funding requested will be used for numerous facets. Among the proposed expenditures include buildout/renovations cost, buying fixtures and furniture for the store, paying the installation of a POS system, and hiring and payment of the necessary personnel. It is estimated that the largest expenditure will be the payment of the physical inventory to stock the store and the budgeting of the rent and utilities to sustain the storefront.
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Business Plan
I plan to grow History Children's Bookstore (HC Books) in the next five years within the first year, establish our services within the community. The two services I just mention refer to the interactive storytime program and the inventory we will sell at the store. Beyond that, as the store becomes more stable, we hope to expand our services to include workshops, such as creative teen writing workshops, or children mental health awareness workshops. In addition to our expanding services within the allotted five years, we want to grow our networking capabilities and join forces with other educational non-profit organizations. One main desire within the 5 years is to establish a local American Booksellers Association (ABA) chapter for local children authors and illustrators to connect and network within the Raleigh/Durham region. If you have ever had children, grandchildren, or even nieces and nephews, then you know the first-hand experience of the challenge to keep educating them outside the classroom. HC Books is more a children's bookstore. We are an interactive bookstore that is dedicated to making reading and learning enjoyable fun. We accomplish that through our interactive storytelling program that introduces children to theater art skills through the stories we share. From our hand's educational toys and gifts to our programs, we are a place for the community, built by the community.
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Self Identified Competition
Our top three competitors are Amazon.com, because of its affordability and fast delivery. Secondly, Barnes and Noble because of their vast networking and inventory. Thirdly, a local bookstore called Page 158 is located in the same town as we will be because they already have a strong presence and following of local support. We are different than the competitors because we mainly focus on the importance of the community. Listening to the community and inviting them to take part in structuring our bookstore by telling us what kinds of children's books they desire to see. As far as on the local level, we are different because our focus is just children ages 5yrs up to 13yrs old. We will not stock adult books or anything of that nature, with the exception of having a small section dedicated to assisting educators in the classroom and at home.
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Contact Applicant
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