Brian Merrill
Saginaw, MI (USA)
Role(s):
Founder/Owner/Principal
Athletic Consignment
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Startup
Location:
Saginaw
Industry:
Retail/Clothing
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Athletic Consignment plans to open and operate a retail athletic consignment sales and service outlet geared towards the Midland, Bay City and Saginaw demographic athletic communities. Currently, there exists no competition within a 70 mile radius will be the major driver in obtaining first year sales figures and also providing the planned investor unit buyback in month 12. Included in the retail operations will be a new retail sales area for athletic equipment primarily beginning with hockey and expanding to other areas in the future, please refer to the Features and Advantages section of this plan for additional information. Additionally, the company will acquire a DTG (Direct to Garment) printer allowing expansion outside of the athletic community to provide printing capabilities to any textile or substrate via a (URL removed)g file. Although the Company will not limit the operation to the athletic community, additional athletic sales and service opportunities are available to the Company in other sporting jersey customization and consignment areas. AC Advisory shall also provide insurance and investment products available in the areas of final expense, annuities, health insurance and cash value life insurance. The Company has identified extremely affordable retail, service and office space located on the heavily traveled Bay Road corridor which includes all utilities and wi-fi services needed for operations, monthly cost is reflected in the Company’s pro-forma statement.
Athletic Consignment is seeking an equity/debt investment of $10,000 to $25,000 through a 504D Private Placement Memorandum. Based on the Company’s projections, the investors’ initial investment shall be returned in full by the end of Year 1 with 12% simple interest also due and payable at that time. The Company projects that the investors will receive 100% of their principal investment returned via share buyback during the 4th quarter of operations. The investors shall have their initial investment returned at the end of Year 1, plus 12% simple interest, during the 4th quarter of operations, whichever comes latter through proceeds of cash on hand and refinance of any outstanding balance via SBA loan and/or personal finance guarantees.
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