lee kim
Woodbridge, ON (CAN)
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Extend-it Inc.
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Startup
Location:
Woodbridge
Industry:
Wholesale
Year Founded:
2004
Number Employees:
1-10 people
Description:
We offer women the ability to have beautiful luscious hair, just like you see on the red carpet, with out the commitment, damage, and costs of permanent hair extensions. It only takes a few minutes, and can be used as a beauty accessory for any occasion.
Extend-it is based in greater Toronto, Canada. We distribute our own Trademarked system of hair extensions. We started this company 5 years ago and this is a market niche that has multiplied in growth in that time. I have personally been involved in hair pieces and extensions for the last 9 years.
We are looking for a $250,000 loan at a 25% APR. We would like to have this loan for a 1-2 year term.
The loan will go to financing the launch with Trade Secrets, the largest Canadian retail chain in our industry, with over 100+ stores in almost every major shopping mall and shopping center in Canada, with 20 more stores currently in acquisition.
Points to notes:
-We have excellent margins
-Our market niche is the fastest growing area in hair and beauty industry
-As this product is fairly new, the market is still wide open.
-We are able to offer clients a higher mark up than any other product they carry
-We have an A rating as an Accredited Business with the Better Business Bureau
-Since we started in 2004 we have experienced selling directly on every level of the distribution chain. We understand each customers needs; from large distributors all the way down to the retail consumer.