Lodi Dodi Party | Application Preview
The Lodi Dodi Party is seeking government grants to establish a small event space that accommodates up to 50 guests, while also expanding its party rental services. The vision includes not only renting the venue for small events but also utilizing the space as a photography studio and offering classes in various aspects of event and hospitality planning.
The owner brings 14 years of experience from managing a cake business and has developed a passion for event design and planning over the last decade. As a single mother of three, the motivation behind this venture is to create a successful business that both enriches the community with memorable events and provides for her family.
In terms of competition, the business faces local venues like Phoenix Venues, along with nearby balloon artists and event planners. However, its competitive edge lies in offering a comprehensive package for clients, which includes the venue, event planning, and decoration services. This one-stop-shop approach aims to save clients time and money by eliminating the need to coordinate with multiple vendors for their events.
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General Information
Business Registration Number: 87-4710236
Location: Princeton, TX, 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 want to open a small event space to rent for small events of 50 people and less and use my business of party rentals to decorate. I also want to 2nd the building as a photography studio rental and teach classes.
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Business Plan
I plan on opening a small event space and adding more inventory to my decor rentals and props. I want to be able to teach classes in different aspects of the event and hospitality business. I have owned a cake business for 14 years and although I loved it my passion has been in event designs and event planning. I have over 10 years experience. I am a single mom to 3 children and my passion for this business comes from them. I love what I do and I would love to be able to open a store so I can bring great events to the community but also provide for my children comfortably. I work 2 jobs to currently support this business and also run this business simultaneously. I am a hard worker and a loving mother and want to do what’s best for my family.
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Self Identified Competition
Small venues in my area such as phoenix venues is a competitor. Balloon artist nearby Event planners I believe I am different because I will be able to offer a complete package of an event rather than just 1 thing. I will have the event space, plan and design the event and also decorate with my inventory for the event. This saves people time and money from having to find multiple sources for one event.
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Contact Applicant
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