Urban Styles Inc | Application Preview
Urban Styles Inc. is seeking government grants to expand its barbering business across New Hampshire, aiming to open 4-5 shops in the eastern region over the next five years. The funding will be used for signage, equipment upgrades, and enhancing service offerings.
The business, staffed by barbers with over 20 years of experience, emphasizes its ability to cater to a diverse clientele, particularly with the increasing Latino and Black populations in areas like Keene. The shop’s strategic location near busy retail spots ensures a steady flow of customers.
Urban Styles differentiates itself from local competitors by offering a wide range of services tailored to modern trends, such as skin fades and specialized treatments, appealing to a younger demographic. The business fosters an inclusive atmosphere, with staff fluent in English, Spanish, and Portuguese. This unique combination of skills, themes, and services positions Urban Styles as a strong contender in a growing market underserved by existing barbershops.
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General Information
Business Registration Number: 92-2102230
Location: worcester, MA, 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
We are looking to grow to multiple shops across the state of New Hampshire. We are also looking to give the shop a front sign and extra upgrades to the types of services we can provide through new equipment.
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Business Plan
In 5 years I plan to take Urban Styles to 4-5 shops within the eastern side of New Hampshire with is growing with new Flux of population. We are city barbers that have a skill level of over 20 years cutting hair. Being from a city you cut all different styles and types of hair giving us a superior level of skill then a country/suburban barber. We plan to mentor and train local barbers and mentor them into managers for expansion Investors should invest because of the growth and need for the city of Keene, NH. Keene has a count of 4 barbershops, most of them downtown. We are on a busy side of the city and are in a high traffic area being next to Hanafords supermarket and Hobby Lobby. The plaza itself brings volume of vehicles into the plaza. Having so few shops in a city and having a new one in a high traffic area is a solution for success. The Flux of population is also bringing black and Latino populations to this area. People feel comfortable when you know how to cut there type of hair as well as speaking their language. At Urban Styles we speak English, Spanish, and Portuguese. We also provide a family friend environment for all ages of kids.
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Self Identified Competition
Top 3 competitors are the only competitors. The city is growing and has a demand for barbershops, but with this flux of population growth there is a large portion of black, Latino, and general young families coming into the area. We provide an experience and a superior level of experience. The competition is accustomed to white males, which is the majority of the population, but the youth likes modern styles which are foreign to local barbers such as skin fades. The themes for the other shops in the city are old school barber, art studio, and everything wooden. I know where I'm going. Pricing for services are along the same price amongst shops in the area We are different because we can cut any style and type of hair due to experience in a high traffic area in the city of Worcester, MA. We also provide a hip-hop and comic book theme that is connectable with all age groups. We provide more services than most shops such as hot towel shaves and keratin treaments.
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