Bare ink | Application Preview
Bare Ink is seeking a $60,000 grant to enhance its business operations in the beauty industry. The proposed budget includes three main allocations:
1. **Debt Repayment**: $12,467 will be directed towards paying off business credit card debt, primarily incurred from obtaining necessary certifications and materials for services.
2. **Salon Suite Development**: A significant portion of the funds will be used to secure and renovate a salon suite. This will involve renting, redesigning, and upgrading the space to create a professional environment for clients and students.
3. **Equipment Purchase**: The remaining funds will be invested in high-quality equipment and materials, such as tattoo machines and sterilization units, essential for delivering premium services and conducting training sessions.
The business plan outlines growth over the next five years, focusing on establishing a salon suite that offers beauty services and serves as an academy for hands-on learning. A key aspect of this model includes collaboration with surgeons to assist clients with health conditions by camouflaging scars, thereby providing emotional and aesthetic support.
Bare Ink identifies its competitive edge in its dual focus on high-quality paramedical tattooing and training. This approach not only addresses aesthetic and medical needs but also creates a supportive learning environment for future students, emphasizing personalized care and community impact.
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General Information
Business Registration Number: 85-0881600
Location: Pembroke Pines, FL, 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
If awarded the $60,000 grant, I would allocate the funds as follows: 1. Debt Repayment: The first $12,467 would go towards clearing my business credit card debt, which was incurred from purchasing certifications and essential materials needed to establish my current services. 2. Salon Suite Development: I plan to use a significant portion of the funds to secure and renovate a dedicated space for my own salon suite. This includes renting the area, redesigning, and upgrading it to meet industry standards, ensuring a professional and welcoming environment for my clients and future students. 3. Equipment Purchase: The remaining funds would be invested in high-quality equipment and materials essential for providing top-tier services and conducting training sessions. This includes tattoo machines, sterilization units, furniture, and other tools necessary to create a fully equipped and functional small shop that supports both client services and educational courses. By utilizing the grant in this manner, I aim to solidify my business foundation, enhance my service offerings, and create a space that fosters growth and learning for myself and others in the beauty industry.
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Business Plan
In the next 5 years, I plan to grow my business by opening a salon suite that not only offers top-tier beauty services but also serves as an academy for hands-on learning. My goal is to collaborate closely with surgeons to assist clients with health conditions who need surgery, providing them with a safe and supportive environment to close a difficult chapter of their lives by camouflaging scars, including self-harm scars and burns. Additionally, I want to create a space within the salon suite for my future students, giving them an opportunity to grow, refine their skills, and contribute positively to the community by helping others feel confident and empowered.
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Self Identified Competition
Investing in my business offers unique advantages over my competitors. Unlike others, I focus on a comprehensive approach that combines high-quality permanent makeup and paramedical tattooing services with a dedicated academy for hands-on training. My commitment to working closely with surgeons to assist clients with medical needs and scars is a distinctive feature that sets me apart, providing a specialized and compassionate service that addresses both aesthetic and medical concerns. Additionally, my planned salon suite will create a nurturing environment for future students, fostering professional growth and excellence. My blend of personalized client care, innovative training, and community support positions me as a standout choice for investment.
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Contact Applicant
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