The Hobby Stop | Application Preview
The Hobby Stop is seeking government grants to secure a physical location, hire staff, and purchase merchandise. The business plan focuses on offering a broad selection of hobby parts and supplies, while collaborating with distributors for private label products to enhance profits. The owner aims to support local clubs by providing special offers to members.
The funding request highlights the owner's passion for hobbies and a commitment to fostering a collaborative hobby community rather than competing aggressively. The belief in the educational value of hands-on model building for youth is also emphasized.
The main local competition is Hobby Town, a franchise with operational limitations, alongside various online resellers. The Hobby Stop's competitive advantage lies in its diverse inventory and the flexibility to source specific parts requested by customers, while avoiding stagnant categories.
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General Information
Business Registration Number: 92-3999329
Location: Toledo, OH, 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
Obtain a physical location, hire staff, purchase merchandise to sell.
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Business Plan
To start off, I will carry a larger selection of parts and supplies. I will work with distributors to obtain private label products to maximize profits. I will work with and support the local clubs and offer specials to club members. I am a hobbyist at heart and have the hobbyist interest in mind. I’m not looking to put anyone out of business, but rather work with my competitors to strengthen the hobby community. I also believe building models of all types helps our younger generation become more hands on rather than just stare at screens.
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Self Identified Competition
Hobby Town is the main competition locally. They are a franchise and must operate within the constraints of that business. Other competitors are online resellers. I will have a greater selection of parts and supplies than our competition. I will also be able to bring on any parts from any supplier my customers may want. I also won’t stock categories that may be stagnant for long periods of time.
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Contact Applicant
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