John Macpherson
Hagerstown, MD (USA)
Role(s):
Other
Spirit of the Lotus Tea Company, LLC
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Startup
Location:
Hagerstown
Industry:
Retail/Clothing
Year Founded:
2005
Number Employees:
1-10 people
Description:
We are a Retail / Wholesale Company based in Hagerstown, MD.
We Import a number of Teas directly from China & India. We started operations in 2005. As of the end of 2006, we had one wholesale client, we now have about 14. We have retail customers all ovet the US & Canada (we have a physical shop as well ans an online retail / wholesale website: (URL removed))) We are experiencing rapid growth. In 2005, we had $ 600.00 in sales. In 2006, we had $ 6,600.00 in sales. In 2009, we had about $ 32,860.00. This year (as of 06/30/2010) we have had about $ 20,000.00 in sales and are projecting 50K to 60K by year's end. Profit in 2007 was $ 3,000.00 (15% Profit) We are seeking funding for debt consolidation, acquisition of additional inventory and misc. operating costs.