Plug Locs LLC | Application Preview
Plug Locs LLC is seeking government grants to purchase a salon that will benefit local families and create job opportunities for young entrepreneurs in the cosmetology field. The salon aims to provide training and resources for aspiring Dreadlock stylists, promoting skill development in the community.
The business plan focuses on growth over the next five years through effective marketing, diversification of income streams, and community engagement. The applicant emphasizes the increasing trend of natural hairstyles and dreadlocks, noting that this shift will drive customer demand, resulting in significant revenue growth.
The applicant highlights competition from three local businesses—The Loc Loft, Demy Styles, and Locs By Jade—but asserts a competitive advantage by offering Dreadlock extensions and installation services. This added convenience sets Plug Locs LLC apart, as clients can find everything they need in one place, enhancing the overall customer experience. The proposal suggests that these factors make the business a strong candidate for funding, with the potential for long-term success and community impact.
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General Information
Business Registration Number: 851573426
Location: Loganville, GA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
With this grant, I will purchase my salon. This salon will serve families in the community. This salon will employ young entrepreneurs, both men, and women, who are perfect in the cosmetology field. This salon will also provide training and resources for those who want to become Dreadlock stylists.
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Business Plan
I plan to grow my business in the next five years by marketing, adding more passive income streams, and giving back to the community. Investors should invest in me because my business serves longevity. People all over the world are going natural and transitioning to dreadlocks, especially in my community. The skills I have will continue to bring in new customers and keep existing customers coming back. Allowing my revenue to increase tremendously.
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Self Identified Competition
My three competitors are The Loc loft, Demy Styles, and Locs By Jade. My business is different from my competitors because I don’t just style hair, I provide Dreadlock extensions and I install them as well. This way my clients doesn't have to purchase hair from another company before booking with me. This makes my business more convenient for the community.
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Contact Applicant
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