Danny Worley Sr.
Wilson, NC (USA)
Role(s):
Founder/Owner/Principal
ITEC (Industrial Tool & Equipment Company)
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Startup
Location:
Wilson
Industry:
Wholesale
Year Founded:
2008
Number Employees:
1-10 people
Description:
We are in the process of opening a discount electrical supply business in a building that one of other companies owns. We plan to stock our sales counter from a combination of conventional suppliers and also by auctions of closing supply companies and electrical contractors nationwide. Surplus electrical materials can oftentimes be purchased at auction for pennies on the dollar. This material will be brought into our warehouse, seperated, cleaned or dusted, priced and placed on sale both over the counter and through our website. We also have a listing on ebay currently. You can go to ebay, pull up store search by name, and click in ITEC. We will be the top listing. We own a 63,000 square foot complex on 15 acres, with about 40,000 square feet available to ITEC if needed. We need an estimated $250,000 to 350,000 in order to purchase basic stock, attend multiple auctions for salvage stock, and pay a manager and a few warehouse people for the first few months. We have an exceptional individual that is willing to come manage this business, if we don't let him get away.
Please only reply if you are serious about investing, have the resources to do so, and would like to be an integral part of a totally near-new wholesale business model.