Fremont Music | Application Preview
Fremont Music is seeking government grants to support various financial needs, including paying off loans, covering owner salaries, and funding potential employee payroll. They also intend to upgrade their point of sale system.
The business's five-year plan focuses on growth through increasing inventory and hiring additional staff for both sales and instrument repairs. As the only physical music store in Fremont County and one of just five in the entire state, Fremont Music aims to support a diverse community of musicians and artists, ranging from school-aged children to seniors.
Given the limited number of physical music stores, many customers turn to online options. However, Fremont Music stands out by offering both sales and repair services in a single location, providing them a unique competitive advantage in the market.
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General Information
Business Registration Number: 83-321132
Location: Lander, WY, 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
Loan repayment, owner salaries, potential employee payroll, update to a point of sale system.
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Business Plan
The plan to grow the business over the next 5 years is to increase inventory, hire additional employees for sales and repair of musical instruments. Fremont Music is the only physical music store in Fremont County and one of only five music stores in the entire state. Fostering a large under-sourced community of musicians and artists from school age kids to seniors has been the goal of Fremont Music.
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Self Identified Competition
Since there are so few physical music stores in the state, most people utilize online stores. We are different from our competitors by being one of the few physical stores offering service and repairs in one location.
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Contact Applicant
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