AMERICAN SPA MANAGEMENT LLC | Application Preview
AMERICAN SPA MANAGEMENT LLC is applying for government grants to support at least 10% of its business revenue, as it struggles to recover from the negative impacts of the Covid-19 pandemic. Being a new business, it has faced challenges in attracting customers back post-lockdown due to ongoing health concerns. The funding would help cover the rising costs of safety equipment while sales have decreased.
The business had been on a positive growth trajectory prior to the pandemic, with increasing foot traffic and a strong client base eager to return and refer others once conditions improve. They have invested heavily in social media and digital marketing to enhance visibility and facilitate recovery.
The beauty industry, particularly nail salons, is a thriving sector in the U.S., generating around $40 billion annually and employing 1.1 million people, according to Forbes. AMERICAN SPA MANAGEMENT LLC had been experiencing monthly revenue increases of about 10% prior to the pandemic and believes that with some support, it can successfully rebound.
In terms of competition, while established salons like Queenie Nails & Spa and Fashion Nails & Spa exist in the area, the company is confident that its unique business model will distinguish it from these competitors in the near future. The competitive edge lies in their commitment to exceptional service quality and customer satisfaction, backed by positive reviews and feedback, as well as the use of modern technology to appeal to younger clients and improve overall service delivery.
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General Information
Business Registration Number: 841788737
Location: QUINCY, MA, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
We really need to apply to get a support of at least 10% of our business revenue in order to get through the difficulties caused by the Covid-19 pandemic. As a very new business, we had a hard time to recover and convince the customers to come back after the State lock-down order as they still concern about their health and safety which we can certainly understand. Therefore, we really need this fund to help us cover for the increasing cost of installing more safety equipment while our sales was dropped at the same time.
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Business Plan
We have a very clear plan to grow our business and it has been growing right on track until this pandemic happened. Our foot traffic customers have been increasing day by day before the Covid-19 emergency so we already had a book of clients who are willing to come back and introduce their friends and connections to us when things get better. We also invested a lot in social media marketing like Facebook, Instagram, Yelp, Google, Digital marketing,etc in order to advertise to grow our business quickly and making the come-back after the pandemic more effectively! Nails and beauty salon is the growing business which is generating estimated $40 billion in annual revenue and employing 1.1 million people in the U.S. according to Forbes. We're luckily being a part of the bright side which has been growing quickly. If this pandemic never happened, our revenue is expanding and increasing 10% every month. So we already a very clear plan to have to successful coming back if we could receive a little support for now.
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Self Identified Competition
There are few nail salons around our areas like Queenie Nails & Spa, Fashion Nails & Spa, Sky Spa,etc. They are pretty well-known in the area as well. But honestly, with the business model that we have been setting up, then won't be able to catch up and will be no longer considered our main competitors in the near future. We offer exceptional level of service quality. We care about our customers. Perfection is really business objectives. We take customers' satisfaction seriously which clearly reflects on our reviews on Facebook, Yelp, and Google. We respond to each and every customers' feedback in order to keep improving our service quality and customer experience. We also intensively apply modern technology and system in order to serve the young generations and reach out the potential clients more effectively.
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Contact Applicant
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