Matthew Kent
Monticello, MN (USA)
Role(s):
Founder/Owner/Principal
Mateo's Soccer Store, LLC
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Startup
Location:
Monticello
Industry:
Retail/Clothing
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Retail soccer store in Monticello, Minnesota, in business since 2010. Mateo's boasts $120,000+ of annual sales and has prospects for more because of an agreement with a soccer uniform broker expected to bring in $5,000 - $10,000+ of additional profit starting in late 2018. Ebay sales also began in summer 2017 and have been earning about $500 per month in additional revenue.
Average interest of roughly 18% on the store's debt of approximately $115,000 weighs us down, so we are looking for an angel investor to allow us to keep more of the store's income while at the same time providing you with a nice return on investment.