Michael Patterson
Wilmington, NC (USA)
Role(s):
Coastal Carolina Real Estate, LLC
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Startup
Location:
Wilmington
Industry:
Real Estate
Year Founded:
2008
Number Employees:
INVALID
Description:
Real estate company with 4 offices in eastern NC. 2007 revenue $1.3M+. In existence since 2005. Proforma indicates break even in 2008 with profitability attained 2009 and beyond. Financing to date by owner's and SBA loan. Year over year revenue increase of 51% (in a down market). Dec'07 vs Dec'06 revenue increase of 462%. Jan '08 tracking same increase. Seeking working capital to continue growth through acquisitions/roll-ins, recruiting, enhanced internet strategy, and provide cash flow management.