Peter Ross
Ellensburg, WA (USA)
Role(s):
Founder/Owner/Principal
Brothers N Arms
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Startup
Location:
Ellensburg
Industry:
Other
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
A down economy only affects those that allow it! I have owned one business or another for the past 15 years. I started a retail store and manufacturing company 3.5 years ago. Since opening I have placed the business in a position to ask for a premium price on products we have been producing for the past 3 years. I have done this by selling our products based on a unique value. At the root of the company we are a full service firearms retail store.
We offer Retails sales, Repairs, Education, Wholesale and manufacturing. During a tough economic time in the firearms industry we are continuing to grow. Most recently I added an auto ordering wholesale program where we collect information and ship a pre-determined product each month to our wholesale customers. Along with this program, we have a monthly newsletter, birthday rewards program, customer rewards program, a lost customer program and new programs and promotions happening all the time. With our rifle line we have added value by providing a firearm loaner program, if they are used in self-defense. Most importantly we offer an ultra-reliable rifle that Police Officers trust their lives to. Unfortunately we are growing faster than our current funding will allow us to keep up with. Over the past three years we have grown the full service center from a $50,000 a year business to a nearly $500,000 a year business.
All of this has been done without taking and initial loan. This was done by taking out number credit cards, draining our savings and one personal (family) loan that total nearly $120,000.00. We are paying $1,105.44 in interest each month and a bill of approximately $13,000.00 to a number of different people. I am asking for a short term loan of $200,000 to consolidate these loans and replenish our inventory to increase cash flow.