Nino’s Laundry | Application Preview
Nino's Laundry is seeking government grants to secure working capital and make minor improvements to the business. The owner plans to enhance visibility through advertising and social media, develop a dedicated website, and implement a user-friendly POS system for customer convenience.
The rationale for funding approval is based on the essential nature of laundry services, particularly in a prime location in Boston surrounded by five major colleges. The owner intends to target college students effectively through strategic advertising, with an additional plan to introduce a delivery service for added convenience.
In terms of competition, there is only one significant competitor within a mile. Nino's Laundry’s competitive edge lies in the owner’s recent college experience, which fosters a greater connection with the target demographic. This fresh perspective is expected to enhance the use of social media for marketing purposes, setting the business apart from its competitor.
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General Information
Business Registration Number: 85-2744386
Location: RANDOLPH, MA, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Working capital, minor improvements
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Business Plan
I plan to advertise and use social media as much as possible, I also plan to create a website and implement and POS system that makes things very convenient for customers. Investors should invest in me because of the business I am going into and the area of the business. Having clean clothes is essential and the laundromat is located in the heart of Boston with 5 major colleges surrounding it. I will look to advertise really well to grab the attention of students. I also look to implement a delivery service as well.
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Self Identified Competition
There is really only 1 real competitor within a mile a radius I think the difference between me and my competitor is age. I am just coming off from graduating from college and I feel like I would be able to better connect with that crowd and better use social media as a means of advertising.
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Contact Applicant
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