Timothy Braden
Orlando, FL (USA)
Role(s):
Active Funding Request
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C-Level Executive (CEO, CFO, etc.)
BE Wireless
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Startup
Location:
Orlando
Industry:
Telecommunications
Year Founded:
2010
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
BE Wireless Inc. is currently a Verizon Wireless Premium Retailer Sub –Agent/Operating Partner for Wireless Zone, and is looking to become a Sub-Agent for The Cellular Connection with 10 Verizon Wireless Retail locations throughout the state of Florida. BE Wireless will be raising $1,000,000 from the sale of private stock to become a Sub-Agent for The Cellular Connection. BE Wireless’s objective is to acquire new and existing Verizon Wireless Premium Retailer locations throughout Florida. Our core goal is to acquire or open 10 locations with Premium Retailer Status within the next 18 months. We plan to accomplish our objectives by always meeting and exceeding the Verizon Wireless key performance indicators, customer's expectations, hiring the best management team in the industry, and staying lean in operational expenses, while providing maximum returns.
BE Wireless will be growing when the wireless industry is changing to become a total communications and entertainment provider. Wireless is not just to make a convenient phone call to a friend anymore, but it is a way of life for every consumer and business client in the world. Between the text messaging, emailing, online access, social networking, video chatting and mobility that it gives the w orld's businesses, it is here to stay and will only expand and integrate itself even further into our daily lives. Being w ireless is no longer for a privileged few but is now a right and a requirement for every man, woman, child, and business.
BE Wireless is looking to raise initial funding of $200,000 to open the first two location within 3 months, to become a Sub-Agent for The Cellular Connection. BE Wireless will then be raising an additional $800,000 to open or acquire the next 8 locations in $100,000 rounds. With these funds, we will be able to open or acquire locations at a rapid and efficient pace. BE Wireless’s locations will have the highest quality fixtures, signs, equipment, and employees with the acquisition of these funds. BE Wireless’s goal is to raise funding for the first 10 locations and then reinvest the net profits from those locations back into the company to keep growing to 20 locations within 3 years.
BE Wireless will be projecting a return on investment of 12% per year and will be looking to purchase the stock back on year three for the original stock value. After each round of funding, BE Wireless will open a location with the funding received. When the location is open and operational, BE Wireless will be looking to give the return on investment of 12% per year provided the financial goals set forth are met. The rate of return on investment will be based on company’s overall performance and key performance indicators so a return on investment of 12% could be less or could be higher based on those goals.