Taiyaki Chicago | Application Preview
Taiyaki Chicago is applying for government grants to address several key needs: increasing rent, necessary equipment repairs, and expanding their workforce. The business intends to grow by at least 30% annually for the next few years, with plans to open an additional location subsequently.
The application emphasizes the founder's journey, illustrating a commitment to reliability and resourcefulness, which has garnered investor confidence despite initial inexperience. Remarkably, the business achieved a 50% growth in its first six months and an impressive 83% growth in the following year, with projections indicating a further 30% increase by year-end.
In terms of competition, Taiyaki Chicago faces other dessert-oriented establishments, including Boba and ice-cream shops. However, the business distinguishes itself by offering a diverse range of high-quality products and services all under one roof, positioning itself as a unique one-stop-shop for customers.
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General Information
Business Registration Number: 84-4357408
Location: Skokie, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
We are getting an increase of rent, equipment repair and hiring more employees.
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Business Plan
We plan to grow our business at least 30% every year for a couple of years. Then open a different location. I started a business I didn't really have any knowledge on but was able to find investors that believe in my vision because of the type of person I am. I am very reliable, trustworthy and most importantly I will always find ways to complete any task at hand. I grew the business 50% in half a year and 83% the year after. We are projected to be 30% higher this year end.
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Self Identified Competition
Our competition would be any Boba shop, Ice-cream shops and dessert shops. How we stand out to our competitors is that we are not separate shops, we are a one stop shop. Our products and services are top notch and one of a kind.
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Contact Applicant
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