Joe Heaton
Clarkesville, GA (USA)
Role(s):
Hugh's Used Cars
Find More Startups
Startup
Location:
Clarkesville
Industry:
Automotive
Year Founded:
1976
Number Employees:
INVALID
Description:
We are a small retail operation with approximately 30- 40 vehicles in inventory at all times. We specialize in used vehicles that retail between $5000 and $15000. By keeping our inventory in these parameters we have avoided competing against new car franchises because they generally keep higher priced vehicles. We have found a niche in our market and have seen our sales explode. We doubled our revenue from 2006 to 2007 and simply need more working capital to keep up with the growth. A lending institution will not help us because we dont have the necessary collateral to secure this big of a loan. The only way I see to secure this type of investment is from a private individual that would like to get a return on his/her investment more than they can get from any other type of "traditio