The Lighting Lab | Application Preview
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General Information
Business Registration Number: 46-4031514
Location: Atlanta, GA, United States
Length of Operation: 7
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Rent owed, employees, inventory, equipment, advertising/marketing, business accounts are overdue for payment.
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Business Plan
We are in a prime location in the Buckhead area of Atlanta. Although the rent is a huge liability which is keeping our current growth plan at a standstill. We will be looking for a new location with just as much exposure though much less in rent. Along with the relocation, I will be hiring another employees to train in this craft. Since 2013 we have been a profitable business. Our first year clearing 200,000. Since opening, we have solidified a client base and continue to accept new clientele. We work with clients from all over the country, as well as some overseas. This is a niche market that we have secured. This request for funding was never intended. Since the pandemic the business has rapidly declined.
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Self Identified Competition
There are very few competitors in this industry. There are significant differences that we overcome compared to other companies. In the area there are The Lamp Shoppe, Big Chandelier and Masterpiece Lighting. These businesses continue to make much more revenue than us, but we offer a much more on-hand experience. We are not as retail-driven as any of these companies. We are known for our craftsmanship and high caliber of artisanal knowledge. We have built a high-end clientele who have been a significant part of our growth. Word of mouth has fueled our business. Our continued client approval has kept us growing. We offer a much more customized or tailored experience to the wide variety of projects that we accept.
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Contact Applicant
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