Nitro Nates Pops and Collectibles | Application Preview
Nitro Nates Pops and Collectibles is seeking government grants to support its business operations. The funding will be utilized to secure a discounted one-year lease by paying it in full, in addition to purchasing display cabinets, shelving, and a Point-of-Sale system complete with software.
The business plan involves increasing product variety by establishing relationships with distributors to purchase a wider range of collectibles at better prices, thereby boosting profit margins. Marketing efforts will include online promotions and radio advertisements to reach a broader audience.
Nitro Nates stands out due to the founder's extensive experience in retail sales, spanning over a decade and various types of products. This motivation and sales expertise are key reasons for approving the funding request.
In terms of competition, the primary rival is 2 Dudes Gaming in Elizabethton, Tennessee, which focuses mainly on Pokémon cards and video game consoles but has been established for over 15 years. Other competitors include Gamestop and Hot Topic; however, both are national chains that primarily sell mainstream, newer collectibles. Nitro Nates differentiates itself by specializing in older, hard-to-find Funko pops and high-end collectibles, many of which are discontinued and have stable or increasing value. The inclusion of autographed items further enhances their unique offerings, setting them apart from larger retailers.
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General Information
Business Registration Number: 1002177065SLC
Location: Bristol, TN, 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
To buy our 1 year lease at a discount if paid in full. The money will also be used for display cabinets, shelves, and a Point-of-Sale system with software.
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Business Plan
By expanding our number of products and getting setup with distributors to buy more product and a better discount thus enhancing our profit margins. Online advertising as well as radio commercials. We are a highly motivated and sales oriented business. I have over 10 years in retail sales. I have sold everything from toys to automobiles and was successful in all my sales ventures.
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Self Identified Competition
2 Dudes Gaming in Elizabethton Tennessee. This store has been in a brick and mortar location for over 15 years. 2 dudes does mainly pokemon cards and video game consoles. They also sell funko pops but that is not the main source of income for this business. Gamestop also sells funko pops but not the vintage and hard to find figures that we sell. They also specialize in new and used video game consoles with little emphasis on funko pops. Hot Topic sells new funko pops but not the specialized ones we sell. They are mainly into clothes and Japanese anime memorabilia. Gamestop and Hot Topic are national chain stores but have a small percentage of the business I am into. Both of these buy directly from the manufacturer so they are the first to get the brand new releases. My business doesn't focus on brand new, we specialize in 3 years old or older funko pops. We sell higher end older stock that has been discontinued so the values hold steady or go up. We also have autographed items that Gamestop and Hot Topic do not carry.
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Contact Applicant
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