Mystical Hound Gear | Application Preview
Mystical Hound Gear is seeking government grants to support business growth through specific funding allocations. The funds will cover a $2,700 down payment for a new embroidery machine, $700 for advertising, and $1,600 for materials and additional advertising.
The business aims to achieve a monthly sales target of $50,000 within five years, supported by a strong marketing strategy and the establishment of customer relationships within the pet-loving community. With a current sales figure of $1,000, Mystical Hound Gear anticipates significant growth with the grant funding, emphasizing that this support is critical for a first-time small business looking to thrive.
In terms of competition, the business faces established brands like Yup Collars, Wag On Pet Gear, and Dino Dog Gear, which offer higher-priced products. Mystical Hound Gear's competitive edge lies in providing more customization options for pet products and a faster turnaround time, positioning it well in the market for custom pet gear.
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General Information
Business Registration Number: 805003167
Location: San Antonio, 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: NO
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Funding Usage
2,700 on down payment for a new embroidery machine 700 in advertising 600 materials 1000 in advertising
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Business Plan
Over the next 5 years I plan to increase my profit margin to 50,000 in sales monthly along with having a stronger marketing strategy to achieve these goals, I plan on building customer relationships in order to engage in a larger audience of pet loving people who want to have custom pet products for their pets. I have already cleared $1,000 in sales from my products alone. I also have plans to make further growths with that over the next few months. The funding would not only help me grow as a first time small business but also allow for greater chances of success.
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Self Identified Competition
Yup collars- they make leather gear dog service dogs their average harness is $200+ Wag on pet gear- they make biothane pet gear an average harness with them is $150+ Dino dog gear- they make biothane service dog gear and an average harness with them is $80+ I allow for more customization on products with faster turn around time
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Contact Applicant
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