Mike Hurley
Hartwell, GA (USA)
Role(s):
Founder/Owner/Principal
Enigma Customs
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Startup
Location:
Hartwell
Industry:
Automotive
Year Founded:
2003
Number Employees:
1-10 people
Description:
Three time winner of best Honda Del Sol at NOPI Nationals. Largest car show in the US. Premier custom car and truck accessory center in Northeast Georgia. 300% recent annual growth and no local financing available resulting in financing the business with personal credit has put us in a tight spot with the economy of today. 33% current interest rate is eating all profits. Showing factual 8000.00 profit in first half of 2008. With proper restructuring of debt it would have been in excess of $26,000. plus. We reached 1 million dollars in total sales by the July of 2008 Total assets include 1/3 of a city block in downtown Hartwell, over 12000 sq feet of building and show room space and over $100,000 in inventory and another 100,000 in equipment and show vehicles. Looking for a complete refinance or an additional $100,000 in operating capital to remove current unsecured debt held in personal credit cards.