Hay Clothes LLC | Application Preview
Hay Clothes LLC is seeking government grants to enhance its operations and expand its market presence in Central Florida. The funding will be allocated towards several key areas: purchasing high-quality products in bulk, acquiring a reliable vehicle for business operations, hiring additional employees, and establishing a marketing budget for advertisements.
Specifically, the financial needs outlined in the application include:
- Full-time employee salaries totaling $23,000 annually
- Part-time employee salaries totaling $12,000 annually
- A 2023 Ford Maverick priced at $25,000
- Working capital of $10,000
- An advertising budget of $5,000
The business plan focuses on utilizing the grant to not only strengthen current operations but also invest in future opportunities, such as entering the precious metals market, placing beauty products in retail stores, and sponsoring an entertainer to further promote their clothing line.
The application highlights three main reasons for funding approval:
1. **Health Commitment**: The company prioritizes consumer health by offering high-quality products at affordable prices.
2. **Secure Investment**: A recent partnership with the 40+ Double Dutch Club promises future business opportunities, ensuring a strong return on investment for the grant.
3. **Employment Support**: Hay Clothes LLC aims to provide job opportunities, particularly for veterans and students seeking adaptable work conditions, fostering a supportive community.
In terms of competition, the company considers Bath and Body Works, Claire’s, and Supreme as main competitors. However, Hay Clothes LLC's competitive advantage lies in its commitment to providing affordable and healthy products while also focusing on long-term employment for individuals in need. The company aspires to be a dependable brand that contributes positively to the community while achieving mutual success.
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General Information
Business Registration Number: 87-0822525
Location: Orlando, 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
We need to purchase higher quality products in bulk. We have to broaden our reach in Central Florida, so a capable and reliable automobile is a must. We are taking on bigger clients and bigger orders, and more employees are vital to our expansion. An advertisement budget would be key in building our business. Full-time Employee- $23,000 annually Part-time Employee- $12,000 annually 2023 Ford Maverick- $25,000 Working Capital- $10000 Advertising Budget- $5000
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Business Plan
After utilizing the grant provided to build our business, we will further grow our business by investing in precious metals, putting our beauty products in stores, and sponsoring an entertainer to grow our clothing line. 1. (Health) We care about the consumer and because of that we provide healthy high quality products at an affordable price. 2. (Safe Bet) We just completed a deal with the 40+ Double Dutch Club. They have chapters in most states and we can look forward to doing more buiness with them in the near future. Your investment in us will insure the fulfillment of future agreements resulting in high yielding returns. 3. (employment ) We want to grow our business, and to do so we need help. It's tough being a Veteran or student who needs flexibility at their job and help transitioning into the workplace. We love helping others and this will help us do just that.
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Self Identified Competition
Bath and Body Works Claire’s Supreme Our goal, which is to provide healthy, affordable, and quality products for everyone. Most importantly maintaining employment for those in need. We want to be a long-lasting reliable name that gives just as much as we receive.
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Contact Applicant
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