Afro Luxe Hair & Beauty | Application Preview
Afro Luxe Hair & Beauty is seeking government grants primarily to enhance its inventory, secure office space for storage and client services, and acquire essential equipment like laptops and cameras. The business envisions becoming a leading global beauty e-commerce platform within the next five years, with plans to establish physical locations that will function as warehouses and retail spaces.
The application highlights the uniqueness of the products and services offered, emphasizing a personal connection with customers and the potential for quick returns on investment. Although the owner identifies a few possible competitors, such as Morphe and Juvia's Place, she notes that her offerings differ significantly, particularly in product range and affordability. This competitive edge, combined with a commitment to exceptional customer service, positions Afro Luxe Hair & Beauty as a promising investment opportunity, especially within the context of a black-owned business.
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General Information
Business Registration Number: 643503055
Location: mckinney, TX, United States
Length of Operation: Less than 1 year
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
The funding would mainly go into inventory, which is the main purpose of the business. The funding would also go into an office space that would serve as a storage space for inventory, as well as a means of rendering services to clients successfully. Funding would also go into necessary equipment such as laptop, cameras, printers, etc
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Business Plan
In the next 5 years, I intend to be one of the biggest beauty e-commerce businesses in the world. While being an e-commerce, I would also have a few brick and mortar locations in different parts of the world that would serve as warehouses and store fronts for the business. This will require effective marketing as well as 5 star customer service. The uniqueness of our products already do majority of the marketing. Investors should invest in me because not only am I a black owned business but I can attest that my business is unique in various ways. Time is spent into crafting products and services that make customers feel that they have a personal relationship with me. Apart from that, I can rest assure that any investor would make their investment back quickly by investing into my dream and passion.
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Self Identified Competition
As of now, I can’t really say I have any competitors, mainly because other companies that are like mine do not offer the products or the services that I do. But I can say companies such as Morphe, BTaylorBeauty and Juvia’s place are companies I would possibly consider as competition despite the fact that they’ve been running longer than I have. I can say out of the 3, Juvia’s place is the most unique in terms of their eyeshadow palettes which are unlike any eyeshadow palettes I’ve seen on the market, even mine. As stated before, there’s a uniqueness to my company than these other brands. I strive to make all my customers and clients feel comfortable as well as rendering affordable services and products. One thing that clients and customers all over the world have bragged about is my affordability compared to other companies that are doing the same thing. This runs as an advantage for me as well as any investor that would like to invest into my company.
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Contact Applicant
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