Frank Fillippo
Phoenixville, PA (USA)
Role(s):
Great Valley Flooring, LLC
Find More Startups
Startup
Location:
Phoenixville
Industry:
Retail/Clothing
Year Founded:
2007
Number Employees:
INVALID
Description:
Small, full service family flooring company that is in the process of reorganizing for 2008. Operations began in Feb 2007, which included the purchase of pre-existing flooring company assets. Currently has 3 employees (2 full-time) and an operating budget of approx $200,000 for 2007. Estimated budget for 2008 to be lowered to approx $125,000 as part of reorganization. Current Sales for 2007 estimated to be $350,000. Poor economy partially to blame. Start-up capital of $175,000 was raised through a home equity loan on a family property. $300,000 in new funds to be used to repay home loan, purchase or build-out a storage unit, construction and hosting of website, advertising, and provide working capital. Customer base includes realtors, general contractors, property restoration compa