jerry larrivee
Lewiston, ME (USA)
Role(s):
Founder/Owner/Principal
Mainely Made
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Startup
Location:
Lewiston
Industry:
Manufacturing
Year Founded:
1979
Number Employees:
1-10 people
Description:
Mainely Made was first founded 1988 and was very sucessful until 2000,which at that time it closed (URL removed) I want to reopen the business because of both popular demand and financial diferculties. Mainely Made provides products, to the tourist targeted businesses of (URL removed)nely Made is a very profitable business in so far as it believes in the 50% profit on all its (URL removed) others words if it cost $10 to make a product and 24 man hours to make that product,at $10 per hour,bringing the total to $250,then 50% of that being $125, bringing the total of the product sold would be $375 ,knowing that the tourist targeted business the product was sold to can easily get $575 for that very same product to the tourist who visit Maine.
I already have at this time invested over $20,000 personally to begin the business again,which is how I found the tourist targeted businesses in Maine,and every one of those business has already committed to the next season inventory from Mainely Made,simply because every product is ALL HAND MADE IN MAINE, which of course the tourist buy up first.
The problem I ran into is that currently I invested all of the money that I had left over from closing in 2000,which is why I am forced into the concept of a partner,(an ivestor )Threw many hours of thought there is three ways that the investor can get back his investment,in of course a profitable margin for them. (1) they can by investing become a percentage owner in Mainely Made,(2) they can receive a bi monthly payment on the balance due on their investment,or (3) they can have a equal value of the investment in products made by Mainely Made.