Island Touch LLC | Application Preview
Island Touch LLC is applying for government grants to cover startup costs and reserved capital as they launch their business. With a focus on various roles during the early stages, their business strategy emphasizes several key areas:
1. **Customer Research**: The company aims to gather insights about both current and potential customers to better understand their needs.
2. **Sales Funnel Development**: Utilizing their Toast POS system, they plan to create an effective sales funnel that encourages purchases through offers and targeted communications.
3. **Customer Retention**: They intend to implement loyalty programs and strengthen relationships through a Customer Relationship Management (CRM) system, while also engaging with customers via social media.
4. **Community Engagement**: Participation in local networking events is part of their strategy to build connections within the community.
5. **Social Responsibility**: The business is committed to being socially responsible in its operations.
They ask for funding approval as they believe their hard work and dedication to building a strong foundation for the business will pay off. They describe themselves as humble and eager for support from those willing to invest in an ambitious startup, acknowledging the challenges ahead but emphasizing their readiness to learn and grow.
In terms of competition, Island Touch LLC identifies larger players like Foxtail and Starbucks, but distinguishes itself by offering a welcoming atmosphere that serves not only specialty coffee but also fresh, quality breakfast and lunch options, which they believe is lacking in many local shops.
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General Information
Business Registration Number: 61-2025857
Location: Windermere, FL, 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
For startup cost and reserved capital
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Business Plan
Being a start up, we find that we’re wearing multiple hats until we can hire the right expects to help scale our business. The goal is to focus on the following areas: - Continue to research customers: existing customers, but also our potential customers. It’s important to gain insight into our target market and know what their needs are. - Creating a sales funnel using our Toast POS product: by using the system, we are able to analyze ways to move people through the funnel to make a sale. This includes offering a discount and getting their contact information and sending them updates on our business - Focus on not only new customer, but customer retention: by offering loyalty programs, creating relationship through our CRM system so the customer feels special, prioritizing our customers, and building relationships and interacting with customers by utilizing social media and taking advantage of our social media wall decor - Participate in community networking events to build network - Practice social responsibility This business is being built on blood and sweat. We’re taking a leap of faith and with the drive to pursue our dream, even with potential unknown challenges we may encounter, we felt this was our season; we have purpose. When you build a strong foundation, it’s harder to crack. We’ve built our foundation and need financial reserve to help us take our dream for business ownership to the next level. Simply, we’re humble people seeking a helping hand; seeking an individual or organization that is willing to help the underdog that has more bite and motivation to cause disruption of the norm. We’re hoping to find an opportunity where someone is willing to take a chance and help us. We may not have all the answers, but I believe that puts us in a good position; openness to learn and become a powerhouse. It only takes one opportunity, and we hope that our testimony towards success will include the individual or organization that decided to take the risk and invest in us.
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Self Identified Competition
Foxtail and Starbucks Similar to Foxtail and Starbucks, our primary product is specialty coffee. However, we’ve researched the market and realized that a lot of the local coffee shops are missing one major item, a home away from home that not only sells coffee, but a quality breakfast and lunch, not pre-packaged microwave food.
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Contact Applicant
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