David Lomiashvili
West Lafayette, IN (USA)
Role(s):
Founder/Owner/Principal
xcomputers
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Startup
Location:
West Lafayette
Industry:
Retail/Clothing
Year Founded:
2005
Number Employees:
1-10 people
Description:
Our company is the one of the fastest growing computer retailer in Tbilisi, Georgia (Eastern Europe). Our initial capital was only 2500 $ and two talented and motivated beginners. According to the latest report for second quarter of 2008 our revenue was 250000$. Current number of employees - 8.
Our short but rich experience showed us the opportunities of expanding our business. We are planning to open 2 new (at this point) retail stores in Tbilisi and the main warehouse which will operate all three stores. To finalize this step we'll need 6 months and $200k. Next step will be establishing partnerships with biggest suppliers in China and Dubai in order to start importing goods in Georgia. For this step we'll need $300k - 1 Million.
The business is highly profitable because Georgia is undergoing through total computerization. So far growth rate hasn't been less than 10% / month and with good management new investments should preserve this number.