The Hermit Secrets | Application Preview
The Hermit Secrets is seeking a government grant of $50,000 to bolster its operations and expand its market presence. The proposed allocation of funds includes $15,000 for establishing a physical store, $10,000 for marketing and a new website (with $2,500 specifically for the website), $5,000 for enhancing production efficiency through equipment like stone crushers and silicone molds, $7,500 for expanding inventory, and the remaining $7,500 for legal and professional services, along with $5,000 reserved for future events.
In terms of business strategy, The Hermit Secrets plans to gain a strong footing in the greater Phoenix area over the next five years. The focus will be on building local exposure and self-sufficiency with the aim of collaborating with larger retail chains later on. The team believes that their innovative products cater to a rising demand in the market, which is not yet saturated.
The application emphasizes that investing in The Hermit Secrets could yield significant returns, as they aim to be a leader in a burgeoning industry. Their unique offerings and customization options differentiate them from existing competitors. The company is committed to creativity in marketing and product variety to capitalize on expanding interest in their product category.
-
General Information
Business Registration Number: 87-4812708
Location: Coolidge, AZ, 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: YES
-
Funding Usage
We are requesting a grant of $50,000.00 and would allocate the funds in the following manner. $15,000 would be put towards opening a physical store location. $10,000.00 would go toward marketing, advertising, and a new website that can operate more efficiently than our current platform. To be more specific our budget for our new website would be $2,500.00. $5,000.00 would go towards improving our production efficiency. This would be used to purchase items like stone crushers which would allow us to break down some of our materials more efficiently, as of now they are broken down by hand. Another example of items in that category would be duplicate silicone molds which allow us to make multiple versions of the same product faster. Another $7,500.00 would be put towards thoroughly stocking and expanding our inventory. With the remaining funds, we would allocate $7,500.00 for legal and professional services and the last $5,000.00 would be placed in our business account for future events and opportunities such as the Tucson Gem Show.
-
Business Plan
Over the next 5 years, we will continue to immerse ourselves in the local market. We are investing a considerable number of resources in establishing a strong foundation in the greater Phoenix area. Our products can truly sell themselves so our main objective during this period is to create the exposure necessary for our operation to become self-sufficient. After establishing successful relationships with local businesses, we will then work our way up to larger retail chains. Not only do we feel our company is ahead of its time, but it also fills a growing need. General interest in our category of products continues to increase, the market is far from being saturated, and we are positioned to support the growing demand. We have new products and services we will be unveiling to expand our target audience and improve our variety. Overall consistent and creative marketing will be the foundation of our expansion. Any investor would probably agree that it would be profitable to invest in a pioneer of any industry. We are not only knowledgeable and passionate about our field but we have successfully pushed the boundaries that limit our competitors. All of our products provide value in multiple ways so there are multiple selling points. We have yet to see any competitors that offer what we do and we are positioned to capitalize on the growing interest and demand for our category of products. There is a shift taking place in the world and soon this will be a billion-dollar industry and we will be one of the giants in it, whether one chooses to invest or not.
-
Self Identified Competition
We have yet to see anyone that can offer the variety and customization we can. Many of the products on the market are the same. We feel most of our competitors have not yet explored the applications or variances of the products in our field. Because of this, we have been able to move away from repeated designs and limited function.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
