Little Slims Trim Shop | Application Preview
Little Slims Trim Shop is seeking government grants to fund the purchase of a building for their business operations, aiming to eliminate rent costs and increase profitability. The plan involves buying a property, hiring additional employees to manage the growing workload, and acquiring a CNC sewing machine to expand their service offerings. Owner Brian, who has a background in teaching, plans to utilize the new space for upholstery classes.
The application highlights a rising demand for automotive upholstery in the area, citing the closure of several competitors in recent years. In terms of competition, they note businesses like Roy Keith Classics, Rapid Upholstery, and Snapperhead Seats & Embroidery, each specializing in different upholstery niches.
Little Slims Trim Shop's competitive edge lies in its custom upholstery services, incorporating in-house embroidery, and their focus on all aspects of automotive upholstery, including reupholstering booth seats and bar stools for local restaurants. As a family-owned business, they emphasize their personal approach and community ties, positioning themselves uniquely in the market.
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General Information
Business Registration Number: Little Slims Trim Shop
Location: Rapid City, SD, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
To purchase a building to operate business out of. Would like to avoid rent expense to make more profit.
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Business Plan
To buy a building, hire employees to keep up with workload. Buy a cnc sewing machine to be able to do more jobs. Start teaching people how to do upholstery, Brian (owner) was an instructor. A bigger building would allow space to teach students. There is an increasing demand for automotive upholstery. Multiple shops have closed or gone out of business in the area over the past few years.
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Self Identified Competition
Roy Keith Classics- Hot Springs, SD: car interiors Rapid Upholstery- Rapid City, SD: boat interiors Snapperhead Seats & Embroidery- Rapid City, SD: bike seats We are different from other competitors for the following reasons: Custom upholstery with in-house embroidery- able to make custom embroidery on goods sold. Family owned and operated. Focus on all automotive upholstery, reupholster booth seats and bar stools for local restaurants.
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Contact Applicant
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