Mike Blendz LLC dba Mike Blendz Barbershop Salon | Application Preview
Mike Blendz LLC, operating as Mike Blendz Barbershop Salon, is seeking government grants to expand and upgrade their services and equipment, including barber chairs and workstations. They aim to enhance their advertising efforts to attract more clients and hire additional staff.
Their business plan focuses on reaching customers in surrounding states, highlighting their unique men's hair weave service, which sets them apart as one of the few providers on the East Coast. They plan to increase their YouTube presence and offer training classes for installation techniques, potentially doubling their annual revenue.
The salon boasts an impressive reputation, having received multiple awards and maintaining a five-star rating on platforms like Google and expertise.com. It is a culturally inclusive space, catering to various hair types and communities. Since 2016, the business has seen significant growth from $31,000 to $205,000 in annual revenue by 2021. They pride themselves on providing high-quality services, with all barbers trained by Mike Blendz himself, establishing them as a premier barbershop in Richmond.
In terms of competition, their closest rivals offer basic services, and Mike Blendz Barbershop Salon feels there is no direct competition due to its unique offerings. Their diverse service menu, which includes fades, hair extensions, and specialized grooming, positions them as a one-stop shop, giving them a competitive edge in the local market.
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General Information
Business Registration Number: 46-3666318
Location: Henrico, VA, United States
Length of Operation: 6-10
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 looking to expand, and upgrade shop equipment like barber chairs stations etc. also looking to advertise on a larger scale to grow the business and higher more employees
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Business Plan
Looking to expand our marketing to more people in the surrounding states as we offer a mens hair weave service in which we are only 1 of very few in the East coast that offer this service. We are looking to push our you tube presence even more and start doing classes on the install technique. This class alone has the potential to double yearly revenue . We are an award winning barbershop in Richmond. We are a 5 star on Google, expertise.com Richmond best barbershops 2022 and booksy booksy app 2022 most loyal clients. We are a one stop shop force every hair type. We are unique in the aspect that we service every culture which expands our market and makes us a stable in the community with our ability to bring multiple cultures together in one location. Our business has grown from 31k in 2016 to 205 k in 2021 gross annually. The sky is the limit with our high end barbershop and people love the cuts they receive. Our staff is trained personally by “ Mike Blendz”. Every barber is top notch. We are the best in Richmond
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Self Identified Competition
The closest to us is High Point which just offers the basics, cuts shampoo and beard grooms. Taylor’s barbershop is another on which offers the same as high point. These are really the only 2 competitors in the area. Honestly we do not compete with any other shops in the area as they do not have the same business plan we have set in place. There is no other location that offers what we do. We are a 1 stop shop. Fade and a retwist , some color, toupees, extensions , hot towel shave to man weave.
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