John M Pierdinock
Claymont, DE (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
DSrail, LLC
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Startup
Location:
Claymont
Industry:
Hospitality
Year Founded:
2008
Number Employees:
1-10 people
Description:
We plan to operate a 5 star dinner train. The second phase of the project is to add several railcars providing on board Bed and Breakfast. The second phase of the project will make our business a one of a kind by providing both 5 star lodging and food service on board the train.
Our facility will locate near Wilmington; the line is currently serviced by the Wilmington & Delaware Railroad. During the off season we will relocate the entire train to Roebling, NJ. This site will provide river front property on the old site of the John A Roebling Steel Plant. Our first advisor gave us bad information. We are in the process of writing a new business plan. The amount required from an investor would be aprox 5 million. This would provide down payment for a SBA loan in the remaining amount of aprox 17.7 million. Due to the nature of railroad industry our financial need goes beyond the standard 5 year investment window. We expect to break even at the end of the 6th year. The SBA loan will be repaid in 10 years. We will negotiate equity in exchange for an investor's 25% ownership of the business. We developed a flash card NORAC signal study guide for railroad engineers and conductors and are in the process of obtaining a copyright for it. We are looking for an aggressive investor with a passion for trains.