Scott DeVries
Kettle Falls, WA (USA)
Role(s):
Other
RVTR Rail Holdings LLC / WCTU Railway LLC
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Startup
Location:
White City
Industry:
Transportation
Year Founded:
1954
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
RVTR Rail Holdings LLC, presently located in Superior, WI, is national freight railroad holding company. We are presently seeking to purchase a 13-mile existing freight railroad located in Oregon state that is being sold at a discounted price to comply with a stringent regulatory order related to the railroad's current owners. We're looking for all available options to raise approximately $350K in small business capital from 1 or more investors, in order to finance the acquisition and fuel the growth of our new freight railroad business. The current railroad's physical assets exceed $600K in resale/salvage value.
The current operations produce approximately $77K in operating income on $200K annual revenues. However, with our management and business plan, we realistically anticipate significant growth in revenues and operating income.
Our current principals have extensive professional experience in freight railroad operations and will become full-time managers of the new railroad company upon startup.
We welcome all proposals and ideas from interested investors in the transportation sector.