SET Investments LLC | Application Preview
SET Investments LLC is seeking government grants to support its expansion plans, specifically to open two additional barber shops and recover from revenue losses caused by the Covid-19 pandemic. Typically, the company generates around $1.5 million in gross revenue, but current earnings have significantly dipped due to the impact of the pandemic.
The business operates as a franchise and has secured licenses for nine locations, with plans to increase this to 25 within five years. Marketing efforts are focused on a blend of print media, such as magazines and mailers, along with digital campaigns on platforms like Facebook and Google. With capacity for 40 employees, SET Investments is actively hiring and ready to scale its workforce to 35-40 stylists and barbers when market conditions improve.
The leadership team boasts over 50 years of combined experience in business, marketing, and economics, along with an MBA. The founder has a proven track record of organizational restructuring, having saved over $1.6 million annually in a previous role. With a personal investment of $500,000 in the business, the team is committed to its success.
In a competitive landscape featuring established names like Sport Clips and Findley’s Barber Shop, SET Investments believes it can thrive by pursuing growth during market downturns, following the investment philosophy of Warren Buffett. The company has maintained a debt-free status, only borrowing from personal retirement and trust funds, and seeks external funding to facilitate its expansion and staffing goals.
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General Information
Business Registration Number: 20-5466967
Location: liberty hill, TX, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
We are going to expand (2 More Barber Shops). We also need to have relief funding from the Covid downturn. Normally we would have Gross Revenue of 1,500,000.00 but we have seen a significant decrease in revenue due to fear of Covid infections.
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Business Plan
We are a franchise and we have purchased licenses for a total of 9 locations. We still plan on building those locations & plan on growing to 25 locations in the next 5 years. We are marketing heavily on several platforms including print (magazines and mailers) and social media (targeted marketing via Facebook and google). We have room for 40 employees now. We are actively hiring and as soon as the market begins to turn back around we will staff up to 35 - 40 stylists and barbers. I have an MBA and I have successfully reorganized other organizations. I have a verifiable track record in may personal career. While at Ascension health I saved my department over 1.6 Mil annually after I re-orged department. I have invested 500,000 of my own dollars into this business venture and I have plenty of skin in the game. Combined our leadership has over 50 years business experience with degrees in business, marketing, economics and one MBA.
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Self Identified Competition
Sport Clips, Findley's Barber Shop and a multitude of independent Salons. In the current market we are seeing over 100 salons closing nation wide daily. Our business philosophy follows the Warren Buffett strategy of seeking business growth in market turndowns. I believe this turndown in more than 1/2 way through its cycle and we are looking for both grants and hard money to supplement our bottom line. We are currently debt free in the business as the only money we have "borrowed" is from ourselves from retirement and trust funds. The initial bank loan of 300K has already been paid off. We are seeking OPM to continue our expansion and hire additional staff.
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