springer jones
indialantic, FL (USA)
Role(s):
righteous diggs
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Startup
Location:
indialantic
Industry:
Retail/Clothing
Year Founded:
2006
Number Employees:
INVALID
Description:
righteous diggs sells christian apparel, accessories, headwear and jewelry on carts (portable kiosks) located in local or regional malls.
500k would provide "seed" capital to expand to at least 25 locations.
each location averages monthly gross sales of $17,000 for total annual gross sales once the 25 location expansion is complete of more than $5,000,000
expected return on investment could average as high as 10% per month (120%) per year.
once expansion to 25 locations is complete this would mean a return of initial "seed" capital plus $100,000 within 12 months.
it's not reasonable to expect expansion to 25 locations within 12 months however, expanding by one location per month is reasonable.
entire 500k is not needed up front
only 20k is needed to start each location