Local808Events | Application Preview
Local808Events is seeking government funding to acquire a Limited Tavern License costing $20,000 and to conduct minor construction for their bar space. Their business plan focuses on three growth strategies:
1. **Bar/Venue Space**: They plan to open a venue that features their horse trailer bars, generating income through craft cocktails and private party rentals while promoting their catering services.
2. **Franchising Catering**: The business aims to franchise its successful catering services, enabling multiple events daily, which will create a steady income source.
3. **Online Sales**: They intend to expand into e-commerce by selling merchandise and cocktails directly to consumers.
The owners highlight their dedication and the potential of their unique catering concept, which has thrived despite setbacks from COVID-19. They emphasize their commitment to the local community and their ability to repay the funding within a year.
In terms of competition, they acknowledge several notable establishments but assert their distinctive approach, leveraging fresh ingredients, local partnerships, and innovative practices like freezing liquor into ice. Their versatile and ever-evolving venue theme, featuring local art and talent, sets them apart from competitors, positioning Local808Events as a promising investment in the future of the local hospitality industry.
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General Information
Business Registration Number: NV20181434396
Location: Las Vegas, NV, 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 need to buy a Limited Tavern License that cost $20,000. We also have some minor construction we need to build out our Bar space.
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Business Plan
We have full intentions of growing the business in three ways. One, we are opening a Bar/Venue space that is showcasing our horse trailer bars. This Venue space will not only provide continual income from the space by selling craft cocktails and renting the space out for private parties, but we will be able to additionally boost our catering business by showcasing out bars, and bartenders. The second way we plan on growing is by franchising our catering business. We want to have multiple events each day, and have the help to do it. Franchising will be a constant income for the bar, as well as room for expansion. Our third way will be through online sales. This is the way of the future. We intend on selling out merchandise online, as well as moving into cocktails for sale by our brand. We are one of the most dedicated owners in the country. You are investing in the person, that has a great concept as well. The catering business has been a huge success with low overhead, low cost, and massive potential for profit. We unfortunately are not able to perform as many events due to the COVID-19. Here we have an opportunity for growth. Our concept is very unique. Our push is to support nothing but the local community that we are already extremely involved in. Not only are we fully confident that we will be able to pay this loan of within the year, but you have a chance to support local individuals that are promoting a concept that is inevitably the way of our future. The time is now for us to make a change. Please help us do that.
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Self Identified Competition
1.) Atomic Lounge- Chill dive bar with a storied history, vintage Space Age decor, rotating craft beers & a patio located on our same street. 2.) Velveteen Rabbit-Sibling-run haunt offering craft cocktails & beer amid eclectic, vintage decor, plus music events. 3.)ReBar-Funky hangout for cocktails & bar eats, with a playful selection of antiques & memorabilia. Catering Competition: 1.) The Craft LV- niche catering service specializing in craft cocktails while providing five star, luxury service 2.) Liquid Courage-For over 15 years Liquid Courage has been providing professional, experienced liquor catering services in Las Vegas 3.)Events W/ a Twist- Catering Bartending Service We are different in every way possible. Not only are we business owners who have been raised in the hospitality business, but we also use fresh juices, local garnishes, and innovative technology. (Freezing Liquor into ice.) Our bars are so different from the average Vegas bar. We use refurbished materials to showcase these unique horse trailers. Our theme also is to be a forever changing space. We will be able to constantly re-invent ourselves unlike our competition. Showcasing Local Artwork, local spirits, and local talent.
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