Matthew Walker
Philadelphia, PA (USA)
Role(s):
Founder/Owner/Principal
Brown & Blackman
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Startup
Location:
Philadelphia
Industry:
Retail/Clothing
Year Founded:
2008
Number Employees:
1-10 people
Description:
The objectives for Brown & Blackman, LLC are:
Provide the high quality of sales and services to the buying public.
Maintain a financially healthy business and validate the trust and advocacy of other people in support of this business purchase.
Achieve monthly and yearly sales equal to a growth rate of 10% annually.
Focus marketing on new drivers to maintain current growth in sales and service revenue.
Help to revitalize the 60th Street commercial corridor.
B&B will build a +/-3,500 square-foot building in the 60th Street commercial area of Philadelphia, PA. Service/products will include stylish models of motor driven cycles, full repair and maintenance services and accessories. The facility will also be fit out to offer renatl space for scooter club and other social events. The project will cost approximately $250,000. The amount of commercial funding will be $225,000, borrowed at prevailing rates for a 20-year term. CC Cycle Center anticipates opening late in September, 2009, with first year gross revenues of $1.8 million, which will show a percent return on equity. Revenues are expected to grow at a rate of 10%.