Echols Tobbacco LLC | Application Preview
Echols Tobacco LLC is seeking government grants to support its business operations. The requested funding will cover essential start-up costs such as store supplies, display cases, shelves, vendor fees, and the first month's rent along with a damage deposit.
The business plan focuses on growth through effective marketing and a refreshed store appearance. The owner emphasizes the importance of creating opportunities for their culture, which has historically been underrepresented in the tobacco industry. By tapping into this gap, the business aims to attract a diverse customer base, generate significant revenue, and create job opportunities in the community.
Echols Tobacco LLC identifies its primary competition as a combined entity with a cultural focus, highlighting a lack of African American ownership in tobacco retail. The owner claims that they represent a significant portion of the market's revenue.
Their competitive advantage lies in their ability to connect with customers on a personal level and provide the customer service that is often lacking in the industry. The owner intends to bridge the existing gap between suppliers and consumers, positioning the business for success.
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General Information
Business Registration Number: 88-0848460
Location: Minneapolis, MN, 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: NO
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Funding Usage
The funding would be used for store supplies, display cases, shelves, vendor fee, first month and damage deposit etc.
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Business Plan
I plan on growing my business with strong marketing and a new look Investors should invest in me because I'm opening up new pathways for my culture to see growth with wealth, I have a large audience I will bring in and make Great income and will expand my business giving the community employment as well
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Self Identified Competition
my top 3 competitors are actually combined into 1 and its culture based, there are no African American Tobacco store owners and we are 78% of the revenue in the industry. What makes me different is I can relate to the clients more i know the customer service they expect and don't get, I can bridge the gap in the industry between supplier and consumer
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Contact Applicant
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