George Gray
Kihei, HI (USA)
Role(s):
Founder/Owner/Principal
Maui Paikini
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Startup
Location:
Kihei
Industry:
Entertainment
Year Founded:
2008
Number Employees:
1-10 people
Description:
To be the leading Maui facility for (confidential) recreational activity. Competing facilities have other purposes and are not suitable. Expected users: 75% local residents, 25% visitors. Has support of large local association of customers in target segment. Has utility for other activities. Paikini means style. To be positioned as Maui style/way of life/fashion trendsetter. Landlord understands viability and has offerred outstanding incentives to allow quick profitability. Business plan, proformas and everything else ready except need $30K ($13K as security deposit, balance for working capital) via interest bearing redeemable preferred. Also need $20K of equipment lease financing. Cash cow that can absorb full redemption and 35% ROI in <18 months. Have potential spin offs for other recreational activities leveraging brand, for commercial real estate, for a larger thrust into global fashion market, and for an internet company in leisure market.