Yarn Tails, LLC | Application Preview
Yarn Tails, LLC is seeking government grants to fund its expansion from an eCommerce and pop-up model to a physical storefront within the next 1-2 years. The requested funding will cover essential startup costs such as lease and utility expenses, signage, advertising, display shelves, a point-of-sale system, and additional inventory.
The owner highlights a gap in the market, noting that while crocheting and knitting have gained popularity among younger audiences, existing big-box craft stores primarily cater to seasoned crafters with generic supplies. Yarn Tails aims to fill this void by offering an inviting local craft and hobby store that targets a younger demographic.
In terms of competition, the main rivals include Jo-Ann, Michaels, and Walmart. However, Yarn Tails sets itself apart by providing unique and playful crafting supplies, as well as a cozy space for community members to gather, collaborate, and share crafting tips. The owner's personal background as a crafter enables a deeper understanding of customer needs, allowing for a curated shopping experience that resonates with local crafters.
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General Information
Business Registration Number: L22000338002
Location: Orange Park, FL, 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
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Funding Usage
I would use the funding to expand the business from an eCommerce/Pop-up shop to a physical storefront. The funding would be used for initial lease and utilities, signage, advertisement, display shelves and racks, a point-of-sale system, and a greater inventory.
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Business Plan
I plan to expand into a physical storefront within 1-2 years. Crocheting and knitting are not just for your grandmothers anymore, yet your big-box craft stores only carry your run-of-the-mill craft supplies targeted toward your more seasoned crafters. My community is in need of a local craft and hobby store that caters to the younger crowd.
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Self Identified Competition
The top three competitors are probably Jo-Ann, Michaels, and Walmart. Yarn Tails, LLC provides crafters with supplies that are fun, funky, and unique. In addition to these crafting supplies, Yarn Tails, LLC wishes to create a cozy area for community crafters to socialize sharing ideas, techniques, and patterns. I am uniquely qualified to provide these products because I am a crafter myself. I have firsthand experience using these products as a consumer. I know what young crafters are looking for and can curate an environment that speaks to other local crafters in the community.
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Contact Applicant
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