Randy English
Edmond, OK (USA)
Role(s):
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M. E. Enterprises, Inc.
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Startup
Location:
Edmond
Industry:
Hospitality
Year Founded:
2009
Number Employees:
1-10 people
Description:
GoBig made me put a company name; however, this is not the name of my project. And, it is a little further along than the idea stage, but not quite at the start-up stage. My business plan will be available shortly. I will be looking for venture capital to purchase a brand new resort in the caribbean. It is far below appraisal, and has a great profit potential. For the $4.43mm investment, gross sales on the room units alone are over $1.3mm in the first year alone (conservatively), with a net of over 62%, not including activities and excursions. By year 5 sales are at $1.8mm, with a net over 66%. The "Net" figures do not include the mortgage loan or financing to be paid back to banks or investors. The property, which is almost finished, can be purchased for $2.0mm below apprailal.