Alex Ballantyne
Iowa City, IA (USA)
Role(s):
Founder/Owner/Principal
Warehouse Discount
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Startup
Location:
Iowa City
Industry:
Retail/Clothing
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Not Incorporated
Description:
Warehouse Discount is a start-up retail store in Iowa City, Iowa that provides interesting merchandise options at bargain prices. Warehouse Discount will be incorporated as an LLC corporation. This will shield the owners from issues of personal liability and double taxation. The investors will be treated as silent investors and therefore not be liable. With an aggressive marketing plan Warehouse Discount expects to experience steady growth as it becomes more familiar to the general public. With the financing in place Warehouse Discount will be able to successfully open and maintain operations through year one. The capital investments of the investors will provide the public with a unique and innovative store that will cater to the needs of those on fixed incomes such as low income families, the elderly, and the large student population in the Iowa City area. The successful operation of Warehouse Discount will provide a customer base that will allow it to be self-sufficient.
Company Summary
Warehouse Discount sells products and provides excellent customer service for the general public. We will initially sell our overstock, shelf pulls, returns, closeouts and discount merchandise through a retail location we have identified on a major hwy next to interstate 380 interchange. two local auction houses, local advertising, swap meets and the like.