Cruffies, LLC | Application Preview
Cruffies, LLC is seeking government grants to secure funding of $500,000 to establish a storefront. This investment would allow the owner to transition from their full-time job to focus entirely on the business. The funding breakdown includes $350,000 for leasing a location, $100,000 for equipment, product packaging, marketing, and training, and $50,000 allocated for salary until the business becomes profitable.
The business plan emphasizes growth through community marketing to build a loyal customer base, catering services for local businesses, partnerships with grocery stores and coffee shops, and potential franchise opportunities to expand the brand.
The owner believes they are a reliable and dedicated individual, committed to following ethical practices. They have refined their recipes through hard work, and the business aims to offer not just tasty pastries but also a welcoming community space.
Market research indicates that there are currently no competitors in the surrounding four cities for the unique product known as the cruffin, which features a distinct crispy exterior and airy interior filled with flavored creams. The owner is confident in the potential for success and community support if funding is secured.
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General Information
Business Registration Number: 88-3312864
Location: LYMAN, SC, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
My plan for the funding is to open a store front so I can committ full time to Cruffies. Once I secure a storefront, this will allow inside dining in a highly traveled area. If funding was provided, I would be able to quit my fulltime job and focus 100% on the storefront with a product that the area has come to love. $350,000 for a store front location $100,000 for eqipment, product packaging, marketing, training $50,000 for salary until the business is profitable
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Business Plan
My growth plan: 1. Marketing in the area to gain loyal customers while adjusting pricing at first if needed. 2. Extending services to other local businesses in the area for catering events. 3. Provide goods to larger grocery chains and coffee shops for sale. 4. Explore a Franchise opportunity to expand the Cruffies name to other areas and states. I believe investors should invest in me because I am a hardworking, honest, friendly person that continues to follow the rules in life. I need one person to believe in me to help me make my dream come true of owning my own business. I have spent countless hours working on my recipes to make them better than anyone could have guessed. I am a self-taught baker while working a full time job to get where I am today. I just cannot make the leap to quit financially to get this business moving in the direction I envision. I know I can provide not only a place to get amazing pastries, but also a gathering spot where the community will feel welcome and will want to come to everyday.
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Self Identified Competition
After completing market research of the surrounding 4 cities, none of them currently offer a Cruffin. I do not currently have any competitiors in the area. Although I do not have any competitors, I still wanted to say I am different because the cruffin I make has a crispy buttery crunch on the outside, with light airy layers in the inside, filled with delicious light flavored creams.
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Contact Applicant
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