EnvixityGaming Lounge LLC | Application Preview
EnvixityGaming Lounge LLC is seeking an $85,000 government grant to fund crucial aspects of its business development. The grant will be used for various purposes, including hiring part-time employees (specifically high school students), covering daily operational costs, paying rental deposits, upgrading the facility, purchasing inventory and equipment, and investing in marketing efforts. Additionally, funds will go toward business insurance and security surveillance to ensure a safe environment.
The business has a five-year growth strategy that involves establishing a strong sales funnel, implementing a customer management system to streamline transactions, and developing a customer loyalty program to attract and retain clientele. The plan includes generating an email list for customers to receive discounts and updates on promotions. Aiming to open two new locations and achieve a revenue target of over $100 million in five years, the business is committed to staying adaptable to market opportunities.
The gaming lounge offers a unique space similar to a coworking environment but focused on video games, featuring weekly tournaments, cosplay contests, and networking events. This setup creates a social hub for youth, providing them with a safe place to engage in entertainment and build friendships around shared interests. The founder is not only seeking funding but also mentorship to ensure the venture's success, particularly in a rural area with limited recreational options.
In terms of competition, the primary competitor is a mobile gaming service called Gamester's Paradise, but EnvixityGaming Lounge aims to be the first storefront gaming lounge in Daingerfield, Texas. Its unique edge lies in offering a physical location for customers to enjoy a wider range of services, including monthly memberships, birthday party packages, and on-site snacks and beverages, all designed to enhance the gaming experience and foster community engagement.
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General Information
Business Registration Number: 804896995
Location: DAINGERFIELD, 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
With approval upon this $85,000.00 grant, I will use funding solely for purposes of: - Hiring new part-time employee staff (High School Students) - For covering daily operational cost - Rental deposits for new business/ utility deposits/ licenses and permits - Facility upgrades - Purchasing inventory and necessary equipment for gaming lounge - Marketing and Advertising - Business Insurance - Purchase security surveillance for business
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Business Plan
- Within the next 5 years I expect to grow the company by building a sales funnel which is essential for successful growth within any company. - I plan utilize and become more productive with having a customer management system so I can manage all transaction flow that comes and goes out of the business. - Creating a customer loyalty program to help retain existing customers and attract new customers. - Remain open for new opportunities that may arise. I have researched the target market in my surroundings areas to stay ahead of what is to come. - Generating an email list for all customers so they can obtain discounts and frequent sales that we plan to have. Signing up for this program is necessary for the gaming lounge. - With a 5-year goal plan, I plan to have established 2 new locations under the company and scale my business revenue totaling 100 million or more in 5 years. My business that I have developed is similar a coworking space, but for video games. We have weekly tournaments, cosplay contests, networking events, and many others. We created an environment of an arcade with the latest games, consoles, and other gaming technology. We even will serve snacks and drinks to create more of a hang-out hub for our youth society. Not only am I seeking an investor for my business, but I am also seeking mentorship for success. Establishing an entertainment/arcade industry in such a rural area where our youth has limited on extracurricular activities will become a great success. Not only the opening of this business will bring employment targeting for high school students but will also provide a safe and fun hang-out lounge to keep our youth and out of harm's way. It will also be a place to establish a friendship with many students who share the same interests.
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Self Identified Competition
Top 3 competitors near Daingerfield, Texas for gaming industry. - Gamester's Paradise - A mobile gaming bus that comes to your destinated location for a minimal of 2.5 hours for $350. In the area that I reside, we will be the first to accomplish a storefront video gaming lounge and arcade. What sets my company apart from any competition is that we are a storefront location that will provide many more services than a video gaming bus that travels to you for a certain cost. We have a designated location to our customers to come and enjoy all the amenities that we offer without having a long travel time. We will provide monthly memberships, weekly tournaments, birthday party packages, daily passes, and so much more. With added detail, our customers may experience prizes for weekly games played. We will also provide snacks and beverages in a separate area of the gaming lounge just in case, our customers start to have an appetite.
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Contact Applicant
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