Travis Bordelon

Reno, NV (USA)
Role(s):
Founder/Owner/Principal

X-TREME RIDE Inc

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Location: Reno
Industry: Retail/Clothing
Year Founded: 2008
Number Employees: 1-10 people
Description: We are a corporation, starting a Retail business in the Reno area. The corporation has $1,000,000 in stock that is authorized to sell. We would like to obtain 550,000 to get the business rolling. I have contacts and pricing for most of the major manufacturers in our field. The market is prime for this type of business with gas prices at an all time high with no relief in sight. What we offer is an alternative means of transportation, Great prices on products, and services to include layaway plans for those who are serious about wanting the products but may not have all of the money for it up front. Should they default on the agreement we keep up to 15% of the purchase price non refundable to cover the cost of restocking and reinventory. The wide array of products that we will offer is going to be staggering and our prices equally so. I figure 2 years to get established and have a loyal customer base in the area, after which time the business should be well rooted in the area. The money will be used for initial inventory ($150,000). rent for the first two years in a business location based upon the quote we have recieved at $6500 per month asking ($156,000). Employee wages for 2 employees to start out and expanding to 4 during busy times $($125,000)which shall also encompass advertising. Totalling ($423,000)The remaining ammount will be sitting there for misc. purchases for two years that may arrise (operating capital) We can expect a minimum of 40% profit above merchandise cost depending upon items sold. We can realistically see around 60% profit on some items, and have vendors lined up. The only thing missing at current is funding. I can use the merchandise as collateral and any business equipment we purchase to include cash registers, printing machines, loss prevention equipment, I wish to maintain controlling interst in the company if stock is desired and have the first option repurchase stock from any and all holders prior to outside sale. I am open to sugestions, just know that I am willing to wait for a good offer. Any investor must be willing to sign a confidentiality aggreement and conflict of interest agreement if they wish to know trade secrets etc.