Soul Sisters Boutique | Application Preview
Soul Sisters Boutique is seeking government grant funding to support its growth through a new lease, fixtures, stock replenishment, and advertising. The business currently operates in a small second-floor retail space with minimal foot traffic and has maximized its potential in that location through community outreach and marketing. A move to a busier area with a projected 60% increase in foot traffic is seen as a vital step for expansion and increased product offerings.
The owners emphasize their passion for retail and their unique product lineup, which includes faith-based and inspirational items not found at larger retailers. They believe their boutique addresses a need in the community and aim to build on their successes, despite challenges like the COVID-19 pandemic.
While they face competition from nearby boutiques and online shopping, they feel their distinct offerings and strategic location will set them apart. The owners are committed to growing their business while sharing their values and vision, hoping the grant will help them take the next step toward achieving their goals.
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General Information
Business Registration Number: 83-2100630
Location: Bloomsdale, MO, United States
Length of Operation: 1.5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
-New Lease -Fixtures -Purchase Stock/Replenishment -Advertising
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Business Plan
Location - Location - Location. Soul Sister's future move, will be one of our biggest enhancements to our growth over the next 5 years. Today, we operate out of a small retail space on the 2nd floor of a tiny town with zero foot traffic. We are a destination location. Through our community outreach and marketing, we have fully tapped out our potential here. Our time here has enabled us to establish ourselves in the community, grow our line and remain debt free in the midst of 2020 Covid 19 challenges. With your help, we would be able to take Soul Sisters to the next level by relocating to an area with an increase of 60% in foot traffic. We will be able to execute our additional contracts to increase our product line offerings and enhance our gross margins. This, in addition to our continued community outreach, we will have our business growing for many years to come. We have taken our passion and experience for shopping, fashion style, business and the love we have for our Savior, to create and grow our Soul Sisters Boutique. Retail is dead - right? Not for us, we have been able to grow and have invested everything back into our business to be able to bring unique and fun items into our boutique. We have the staples; masks, hats, t-shirts, jewelry line, baby line, etc.. We also have the touch; those items you won't find in a big box retailer. We have the agreements and contacts in place to be the single distribution point in our area for several product lines. Invest with us because we fill a void in our area with our faith-based and inspirational items and we have the vision to grow beyond our current 4 walls.
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Self Identified Competition
In our current location, there are a couple boutiques in a neighboring town (12-15 miles away) but their product lines are completely different than ours. Truthfully, our biggest competitor right now, is our customers. They have the ability to order on-line. This is the biggest reason/need for new location. We have found a location with restaurants, bars and retail shops. None of the shops offering our lineup. We would definitely stand out. Again, it's our passion, it's our drive, it's our product line. We are two friends, two women, who have retail experience, the drive and passion to want to make a difference and build something out of nothing as well as the love of Jesus. This provides us the ability to share with others. We started with very little, have been able to maintain that for a year and now ready to go further. We just need a chance/funding to bring our dream to fruition.
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Contact Applicant
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