Kre8 Spaces | Application Preview
Kre8 Spaces is applying for government grants to enhance their business operations through several key funding initiatives, including marketing, debt consolidation, developing a virtual platform, expanding locations, and renovating their current facilities.
The business plan focuses on broadening their client base by targeting high school students via school funding programs, offering corporate memberships, and introducing a virtual membership option. This approach aims to attract a diverse group of customers while positioning Kre8 Spaces as a versatile resource.
The rationale for funding approval hinges on Kre8 Spaces' connection to multiple lucrative industries, such as space rental, co-working, social events, and multimedia production, which collectively amount to billions of dollars. With significant growth noted in their first year, the company cites revenue growth and high customer satisfaction as indicators of success. They project that with adequate funding, they could achieve a valuation of up to $100 million, bolstered by their growth strategy.
Kre8 Spaces identifies competition from local businesses like Tech Artista, Sophies Lounge, and Lifetime Media, each specializing in co-working spaces, social venues, and multimedia services, respectively. However, Kre8 Spaces aims to differentiate itself by merging the strengths of these competitors into a unique, affordable, all-in-one concept that also includes digital services. Additionally, they emphasize the provision of valuable resources that empower creatives, entrepreneurs, and artists to thrive.
-
General Information
Business Registration Number: 86-2059729
Location: St. Louis, MO, 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
-
Funding Usage
Marketing Debt consolidation/ payoff Build a virtual site platform Expansion and growth/location building renovations
-
Business Plan
We plan to expand our client base and open more locations to support more customers. Our client base will include high school's students through school funding programs, corporate business memberships for routine support, and adding a virtual membership component to reach a new customer base. We are not in just one billion dollar industry, but connected to four billion dollar industries. We are connected to space rental, co-working space, social events and entertainment and multimedia production. In just one year of business, we have seen the demand of our services grow exponentially. Our key point indicators are revenue growth, customer satisfaction, and customer leads and growth. With the right help and support, we estimate to garner a $100 million valuation based on our new customer growth plan and trajectory.
-
Self Identified Competition
Tech Artista - (Coworking Space & Community) https://www.techartista.org/ - They specialize in being an affordable space for all creatives & entrepreneurs. Sophies Lounge (Art gallery & social fun) - https://kranzbergartsfoundation.org/sophies-artist-lounge/ - They specialize in being the social space to go for creatives and curating social fun Lifetime Media - (Multimedia Services) - https://lifetime-media.com/ - They specialize in top-tier multimedia equipment and capabilities. We combined all three aspects and specialties of the competitors above into one affordable one-stop-shop concept. We also expand beyond the physical location as we are providing a digital service to our customers. We also provide life-changing resources to our customers to improve and grow as creatives, entrepreneurs, and music artists.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
