Bella v boutique | Application Preview
Bella V Boutique is seeking government grants to support its expansion into prom inventory, aiming to create an additional income stream. The business plan involves not only increasing inventory with special occasion dresses but also adding personal styling services to enhance the shopping experience.
The need for funding is driven by the demand for affordable prom attire, particularly for families with limited financial means. Bella V Boutique is committed to giving back to the community by donating some prom dresses to inner-city schools, ensuring access for those who might otherwise go without.
In terms of competition, the boutique is up against larger retailers like Amazon and Shein. However, it distinguishes itself as a women-owned minority business, with the owner personally invested in this mission, having faced similar financial barriers in her own youth. By prioritizing affordability and community support, Bella V Boutique aims to make a meaningful impact on local youth and their prom experiences.
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General Information
Business Registration Number: 465134202
Location: Rensselaer, NY, United States
Length of Operation: 6-10
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
Adding another source on income stream by brining in prom inventory
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Business Plan
We are planning on expanding our inventory into special occasions such as prom selection. We are also planning on adding personal styling services into our brand Our community needs more affordable prom options for children who can’t afford expensive dresses. We are also planning on donating some prom styles to inner city school district
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Self Identified Competition
Amazon Shein We are a women minority business! The owner was never able to attend prom due to finances. She hopes to make a difference in her community by providing affordable prom options.
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