Stay Golden Jewelry | Application Preview
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General Information
Business Registration Number: 10379533
Location: Yankton, SD, 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: YES
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Funding Usage
The funding we are requesting is to cover the costs of the building that we will buy for the storefront. This will allow us to take customers by appointment, walk-ins, and allow to us host and hold events and classes in person with our customers. This building will allow us to be wholesale suppliers to other jewelry companies, allow to us teach people how to run their own jewelry business, allow us to have a business address, allow us to make/create custom orders, and allow for a place that the public can come and shop our retail. The funding will be used simply to get our storefront open, started, and available as a new business.
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Business Plan
We plan to grow our business by becoming a jewelry supplier where people can buy supplies from us. We want to teach permanent jewelry classes and show people how to build/own their own side hustle. We want to provide an area for community members to come participate in nightly events that bring people together for a fun/relaxing evening. We want to be a jewelry store in Yankton where people can shop for gifts for others, custom make something, or simply come get new and unique jewelry. We also want to continue making custom orders and shipping them worldwide. Jewelry is an already prevalent thing in our lives and we are committed to keeping up with the trends to keep our business relevant. We also plan on retailing our jewelry in not only our store, but other local stores as well. The business has already shown remarkable success. In 2022, we hosted almost 55 events. Each event is roughly 3 hours long. In approx 150ish hours we generated $80,000+ gross profit. We feel that the income that we already generated just doing events, was remarkable, and feel that with a storefront, we will be able to maximize our profits and keep expanding.
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Self Identified Competition
We are one of the first permanent jewelry companies in Iowa, South Dakota, and Nebraska area. We do not have any competitors in Yankton or surrounding areas. We are different because we have expanded our business to now making custom orders.
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Contact Applicant
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