Classic Beauty Lounge LLC | Application Preview
Classic Beauty Lounge LLC is applying for government grants to secure funding for several key initiatives that aim to enhance the salon's growth and offerings. The grant money will be allocated towards marketing efforts, completing the purchase of essential equipment like styling chairs and shampoo bowls, launching a new hair product line, adding more styling stations to accommodate new employees, and acquiring decor for the salon.
Over the next five years, the salon owner aims to purchase a building for expanded operations, distribute their product line in beauty supply stores, and hire additional staff, including receptionists and a marketing team. Another objective is to establish a mentoring program for beginner stylists.
The owner believes they are a strong candidate for funding due to their commitment to business growth and their support from experienced professionals. They emphasize their kindness, motivation, professionalism, and ability to connect with others as key traits that will help attract partnerships and clients.
While the owner acknowledges some competitors in the area, such as Signature Style Lounge, Palace 28, and Kids Style Lounge, they believe their experience with learning from the mistakes of these businesses gives them a competitive edge. They plan to offer a full range of cosmetology services and focus on retail sales, while also establishing a nurturing environment for mentoring young stylists. This holistic approach is presented as a compelling reason for investors to support their vision.
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General Information
Business Registration Number: 85-3047509
Location: Cleveland, OH, United States
Length of Operation: 1 yr
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I plan to use this money to: 1. Help me market my salon 2. Finish purchasing the equipment like styling chairs and shampoo bowls. 3. I would like to start a hair product line to produce more income for my business. 4. add more styling station so that I can hire employees. 5. purchase décor for my salon.
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Business Plan
In the next 5 years i plan to purchase my own building to operate my salon with more space. I would like to also have my product line on shelves in different beauty supply stores. I would like to have hire more employees, not only stylist but a receptionist and marketing team. Also, In the next 5 years I plan to start a mentoring program for beginner stylist. investors should invest in me because i can garentee that the money would be used to grow my business. I know that i an the perfect person for this funding because i know how to build a business and i have a great support system of professionals who are willing to help guide me and show me the way. I am kind, motivated, professional, and very much of a peoples person who attracts other business professionals to work with me. I have goals and dream that I'm working towards with being a small business owner, and the only thing that I am lacking is the funding.
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Self Identified Competition
I do not consider myself in competition with any other small business owners, however if I had to choose it would be Signature Style Lounge, Palace 28, and Kids Style Lounge. What makes me different is that I have learned from the mistakes that these other salon owners has made. You should invest in me and not them because i plan to offer all the services that the cosmetology filed offers in my salon. My salon will be a full service salon. I plan to make money from retail and providing services for my clients. I also plan to mentor young stylist so that they are able to accomplish their goals working with me.
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Contact Applicant
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