Brian Colvin
Crest Hill, IL (USA)
Role(s):
Founder/Owner/Principal
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Startup
Location:
Crest Hill
Industry:
Automotive
Year Founded:
1995
Number Employees:
1-10 people
Business Stage:
Mature
Entity Type:
Limited Liability Company
Description:
This request for funding is specifically targeted to secure capital for the purchase of an existing mature corporation. The company being targeted is for sale and has been so for some time, the owner wishes to sell to invest more time into his other ventures. The owner has admitted the company has leveled off because there has not been enough time and energy put into it. The product line is small and the there is very little advertising. With the purchase of the company and investment into new product as well as advertising, the sales can grow more than 500%.
As an added incentive, I have begun talks with the founder of the most successful company in this segment in regards to partial funding (10-20%) and a position as senior adviser in exchange for a share of the company.
Total capital required is 700,000 USD.