Cloud IX Vapor LLC | Application Preview
Cloud IX Vapor LLC is seeking government grants to support its growth and community involvement. The funding will be used to expand product lines, enhance the company's online presence and marketing, and incorporate local Wyoming art into their business with minimal renovations.
The company plans to launch a second location in Cheyenne by the end of 2023, allowing for a broader range of products and hosting events for local charities. They actively participate in community fundraisers and aim to provide safe, high-quality products to residents.
The founders bring a wealth of healthcare and management expertise, having spent three years establishing partnerships to ensure quality sourcing and efficient delivery. They emphasize their commitment to success and the authenticity of their customer experience compared to competitors.
Cloud IX faces competition from various entities, including a black market vape operation from Utah, Bear Necessities from Colorado, and Wyoming Vapor Company in Casper. These competitors tend to prioritize quantity over quality and lack the health and safety standards that Cloud IX upholds.
The company's competitive advantage lies in its focus on product quality, local investment, and its potential to cater to the growing market for CBD and vaping, while also addressing public health concerns related to tobacco use. Cloud IX aims to provide natural alternatives for pain management and anxiety relief, differentiating itself from current market offerings.
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General Information
Business Registration Number: 922728452
Location: Cheyenne, 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
As a business in the heart of downtown we fell it is extremely important to make sure that we show success. We will use our funding to expand our product lines to consumers, source website building and marketing, as well as include Wyoming local art inside of our business(minimal remodeling).
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Business Plan
After our first product line expansion, we plan to open a second business in Cheyenne by the end of 2023. Including adding new lines that our current store doesn’t allow with the space. We also plan on holding events at a newer larger space for local charity fundraisers. We attend all lccc rodeo charities, thankful Thursday’s and magic city enterprise events. We want to make sure that our business can and will, provide the best quality and safest products for Cheyenne residents. My partner and I have extensive health care and management knowledge. We know nothing other success, determination and will. We have spent three years building partnerships to guarantee the best sourcing, fastest product delivery, and most authentic experience when visiting our store compared to the competitors.
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Self Identified Competition
Our number one top competitor is black market vape, who is based out of utah. They focus on product quantity, and not quality. Our second competitor is bear necessities, based out of Colorado. They exist solely by trying to offer”Colorado compared” products, without the knowledge of what they sell. Both companies focus on expanding out of Wyoming, without providing the best the best products, and look just at ROI/profit margins. Our third competitor is Wyoming Vapor company. Although the owner is based out of Casper, their focus is juice made in house, without controlled environments. This can cause serious health and harm issues, and create extreme issues in the community, rising addiction from cigarettes, to their e-juices. Our difference is product quality, locally returned money, and a service that Wyoming doesn’t offer yet. We can expand the market on cbd and vaping needs, and lower the toxic tobacco fumes that circulate in our air. Cloud IX can also differ in its ability to assist people with all natural pain management, anxiety relief, and through our already existing partnerships, bringing newer larger outfits to Wyoming.
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Contact Applicant
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