BSP Games, LLC | Application Preview
BSP Games, LLC is seeking government grants to upgrade its store's interior, enhancing both the gaming area and the overall customer experience with new floors, improved gaming spaces, and better fixtures for displaying inventory. The business aims to boost local and online visibility through larger events and by offering the latest gaming products.
In the short term, BSP plans to implement these upgrades and establish streaming access to reach a wider online audience. Their two-year vision includes expanding into diverse gaming areas, introducing video games, comics, and more community engagement opportunities. By creating an inviting environment that encourages visitors to stay longer, the company intends to shift its business model towards a paid entry system, making events free to attend. This strategy aims to attract new customers and promote product sales.
BSP forecasts annual gross sales of $1,000,000 within five years by enhancing its offerings and further embedding itself in the local community. The team believes their dedication to providing exceptional experiences justifies the funding request, which would enable them to elevate their services.
In terms of competition, BSP recognizes Cool Stuff Inc, a major online retailer, but highlights that their nearest location does not host events, presenting a market opportunity. Local competitor Storm Surge Games and Geek Nation have established presences but are limited by their space and product offerings. BSP Games' competitive edge lies in being the largest gaming store in Volusia County, which allows for bigger events and a broader product selection, coupled with a welcoming atmosphere that fosters community engagement.
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General Information
Business Registration Number: 201711220004
Location: DeLand, FL, 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
Upgrade our interior with new floors, improved gaming spaces, décor, and improved fixtures for both front and back of house for inventory display and management.
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Business Plan
With increased local and online awareness we plan to provide hobby and gaming access to as many people as possible. Doing larger events to increase that awareness, and offering the newest products to our local and online guests. Within the next year we want to upgrade our interior with new floors in our gaming area and set up streaming access to get our name out to more people in the online community. Within the next 2 years we want to diversify into other areas of the gaming and hobby space by offering places for players to not just play table top and card games but come in and play video games, read comics, and have more ways to engage with the community. Once we diversify our options more and give more people a reason to hangout at the store past just playing in events we plan to pivot into a different business model to allow people to pay to come into the store but make events and functions free rather than having to pay for each event individually. This will encourage people to try out new games and hobbies which will also drive sales of products sold in store for the different games. We plan to increase our annual gross sales to 1,000,000 in the next 5 years by making these changes and continuing to establish our name in the community. We have a dedicated team who thrive and delivering an amazing experience to our players. With this additional influx of capital we can take that to the next level and increase our offerings to more people.
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Self Identified Competition
Cool Stuff Inc is a massively popular online retailer for table top and card games that has locations across Florida, their closest location to us is about an hour away, however they are currently not running events making it a key time to capitalize on the market in this area. Storm Surge Games is another local game store that is within 20 minutes of us. They have been around for roughly 15 years and have built up a strong presence in the community. However, with a smaller space and less product available we have made space for ourselves in the area by providing a premium gaming experience. Geek Nation is a local game store roughly 40 minutes from us that has similarly been established in the community for roughly 20 years. They recently upgraded to a larger retail space and are starting to run events again after being temporarily closed for a few months. Being the largest gaming store space wise in Volusia county provides us the ability to hold larger events and offer more product options than Geek Nation and Storm Surge. Meanwhile our commitment to keeping our store welcoming makes for a better atmosphere than Cool Stuff who has more space and higher stock, but often feels cold or distant in their interactions.
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Contact Applicant
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