Carol and Rae’s Boutique | Application Preview
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General Information
Business Registration Number: 93-4698600
Location: Kinsman, OH, 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
The funding for this business would be used for start-up. We are a small business within a small community looking to begin operations. Our goal is to provide a small community with affordable products that they will love. The funding will specifically be used for online shop costs, inventory, shipping and packaging costs, and any other necessary start-up costs acquired.
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Business Plan
The plan for business growth over the next 5 years would be reinvesting into the business and its community. A certain percentage of revenue will go directly back into the business to continue building inventory for its clientele. That percentage will be determined quarterly based on sales. A goal of the business is to also invest into its community, meaning anything from events we may hold or simply donating to causes in our local community. Investors will be interested in our goal for building a sense of community. This business would be coming to a very small town providing those within a place to shop with affordable pricing. We want to give our hometown great products while not having to worry about overpaying. We have goals as a business to continue to come up with new ways to improve our town and business.
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Self Identified Competition
While not having perhaps a specific competitor, we are certain this business will be in competition with more well-known shops. As a new business, it is important to gain trust from your consumers. Many consumers purchase products from stores they know well and have been around for some time, much like chain stores. Our business is different from our competitors in a big way that we take very seriously. That sole reason we compete well, is community. We are a family-owned small business that sees our consumers as family. We get to know those purchasing from our store, and listen to the consumers. Many stores those shop at are big chain stores that are corporate owned. Being a small business individually owned allows for us to connect better and create a community through a business.
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Contact Applicant
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