Barberic Essentials | Application Preview
Barberic Essentials is seeking government grants to support several key areas of their business, including team salaries, rent, travel, promotions, advertising, and inventory. Over the next five years, the company plans to significantly expand its presence by attending various conventions tailored for barbers and hairstylists, while also increasing advertising efforts. This strategy aims to enhance brand visibility and connect with potential clients.
The grant application emphasizes the opportunity to invest in Barberic Essentials as the business operates within the thriving multi-billion dollar barber, hair, and beauty industry. By modernizing the traditional sales model of beauty products, Barberic Essentials has created a community-focused brand that not only sells products but also fosters a lifestyle brand encompassing clothing and home goods.
In terms of competition, Barberic Essentials faces established players like Paul's Beauty Supply, Sally's Beauty Supply, and local mom-and-pop shops. However, the company differentiates itself by offering more than just products; it emphasizes community engagement and a strong brand identity built around hard work and dedication. Their goal is to maintain a fun and inviting shopping experience, leveraging social media to cultivate a loyal customer base.
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General Information
Business Registration Number: 47-1115295
Location: Hancock, MD, 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: NO
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Funding Usage
Paying team members Rent Travel Promotion Ads Inventory
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Business Plan
Over the next five years our expansion is expected to come from putting the brand in front of as many potential clients as possible. To do this we will attend multiple conventions for for barbers and hairstylist that are held around the country as well as trying to increase our ad spend which will put our brand at the forefront of clients looking for our products. You should invest with Barberic Essentials because we're stepping into a multi billion dollar industry. The barber, hair and beauty industry is huge and we took initiative to take the old mom and pop model of selling products to clients who needs these items for work and we've branded it to give clients a community to be a part of as well as extending an already proven business model of selling beauty supplies to include a lifestyle brand of clothing and home goods to promote their lifestyle anytime and anywhere.
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Self Identified Competition
Paul's Beauty Supply Sally's Beauty Supply Mom & Pop supply stores What's makes us different is that we've been able to rebrand a already existing space so that we not only sell to our clients but bring them in to a community. The brand Barberic is a symbol for hard work and dedication and we plan to hold that standard in any moves that we make. People will always need these products so our goal was to create a more fun and inviting environment that can be built up and show through social media platforms.
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Contact Applicant
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