Hairadox LLC | Application Preview
Hairadox LLC is seeking government grants to support its growth and community service efforts. The funding will be allocated to hire new staff, retain current administrative personnel, expand the salon's physical space for additional jobs and services, and enhance marketing efforts to attract new clients.
Over the next five years, Hairadox aims to increase employment opportunities and hold more community events. The business plans to grow from three to over seven staff members, emphasizing diverse licensing to offer a broader range of services. The expansion strategy includes enhancing workspace, service offerings, product lines, and educational initiatives, including online classes.
As a certified service-disabled veteran-owned small business, Hairadox is committed to providing a supportive and inclusive environment for the minority community in Peoria, Illinois. It is notable for being the only salon in Central Illinois with an Internationally Certified Trichologist, specializing in hair loss and scalp disorders. This unique position, combined with a reliable business model, has facilitated consistent annual growth and underscores the potential for further development.
Hairadox's competitive advantage stems from its focus on exceptional customer service, timely appointments, and effective hair and scalp care. It stands out among competitors, who often lack adequate training in the care of natural hair, which has contributed to community issues with hair loss and damage. Additionally, the business's multiple income streams, including its product line and extensive online learning academy, further enhance its market position.
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General Information
Business Registration Number: 8312182791
Location: Peoria, IL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Funding will be used to hire new staff and retain current administrative staffer, expand the salon size (which will provide more jobs and services), and marketing to reach potential clients.
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Business Plan
In the next five years, Hairadox plans to support the community even further by increasing employment opportunities, hosting additional community events, and providing in-person education to improve the perception/acceptance of highly textured hair. We plan to expand from 3 current staff to at 7+ staff. Added staff would include greater diversity in licensing to provide a wider variety of services to the community. Expansion includes staff, work space, services, products and education. Future growth includes increased marketing and sales of our current product line and our online educational classes. Hairadox is a service disabled veteran owned small business (certified) that provides a clean, safe, drama-free environment to the minority community of Peoria, Illinois and surrounding areas. Hairadox has the only Internationally certified Trichologist in Central Illinois specializing in hair loss and scalp disorders. Our business model is sound and has allowed us to grow consistently. The online educational courses we offer are far reaching and includes international students. Our business model is sound and has allowed us to grow consistently every year. Our potential is limitless.
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Self Identified Competition
Since cosmetology schools do not teach a robust curriculum for the handling and care of natural hair and locs, our competitors are not thoroughly trained and are therefore contributing to the epidemic of hair loss and damage that we are now seeing in the community. Hairadox is the only salon of its kind in Central Illinois. Hairadox has raised the bar for how salons do business including excellence in customer service, appointment timing, client retention and improved hair and scalp care. Hairadox is the only salon of its kind in Central Illinois. It has the only Internationally Certified Trichologist (specialist in hair loss and scalp disorders) in Central Illinois. We have a variety of income streams to include our own product line and online learning academy. The online courses we offer are far reaching and include international students.
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Contact Applicant
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