Lazy Daisy Stitching | Application Preview
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General Information
Business Registration Number: 93-2071947
Location: Clarence, NY, 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
A portion of the money will go to pay off the debt incurred during start up - $30,000. The remainder of the funds will go to bring another line of specialty floss and serve as a buffer for other expenses.
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Business Plan
I would like to open a second location about 20 miles south of my current location and expand the current location to include other specialty yarns and threads. I am passionate about this venture. I have years of experience not only in retail but in product management, retail management and finance. I financed this business by myself to this point and have just the credit card as debt.
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Self Identified Competition
2 brick and mortar competitors One is 30 miles northwest of my store. The other is about 70 miles east of my store. Both of these businesses offer online retail and have for a while. I opened my brick and mortar first and am just getting into online sales. I offer a lot the same items as my other two competitors. I focus on just cross stitch while they have endeavored into quilting.
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Contact Applicant
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