Parallel 45 LLC | Application Preview
Parallel 45 LLC is seeking government grant funding to cover current expenses such as rent and payroll, as well as to finance tenant improvements for a new location in Portland, OR. The impact of COVID-19 has prompted the need for this support to ensure the business can maintain its operations and continue to grow within the community.
The company's business plan focuses on scaling, with a goal of reaching a total of eight studios in the next five years, up from the current two locations. The grant would help facilitate this expansion as well as sustain ongoing operational costs.
Parallel 45 LLC emphasizes its mission to make yoga accessible to everyone by offering an unlimited membership for just $55 per month, a rate that sets it apart in the industry while still providing high-quality facilities and instruction. The competition includes established names like Yoga Six, CorePower, and YoYoYogi.
The company's competitive advantage lies in its commitment to prioritizing love and harmony over profit. This philosophy fosters a supportive and welcoming environment for students, encouraging them to connect with themselves and others. By helping individuals rediscover their inner strength, Parallel 45 LLC believes it can contribute positively to the wider community.
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General Information
Business Registration Number: 184199793
Location: Portland, OR, 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
These funds will be used to pay for current rent and payroll and also for tenant improvement expenses for our second location in Portland, OR. Covid has impacted us as a fitness center so these funds will be used to support our current business expenses as well as be put toward expanding our community!
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Business Plan
Scaling. My goal is to have 8 studios total in the next 5 years (currently we are at 2). Investors should invest in me because I have a mission to make yoga accessible for EVERY BODY. We offer unlimited yoga for $55/month (unheard of in our industry) while still maintaining above industry standard facilities and yoga instruction.
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Self Identified Competition
My top 3 competitors are Yoga Six, CorePower and YoYoYogi. I put love and harmony before profits. This carries its own vibration and synergy that cannot be found at other profit-centered studios. We create a kind and welcoming space for students to come home to themselves and connect with everyone and everything around them. When someone rediscovers all of the beauty and power that exists within them, they can change the world.
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Contact Applicant
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