Virgil Andry
Chicago, IL (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Chicago Acquisition Group
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Startup
Location:
Chicago
Industry:
Investing
Year Founded:
2010
Number Employees:
1-10 people
Description:
Chicago Acquisition Group is a start-up investment limited liability company in the making. CAG is based out of Chicago, Illinois. The proposed company will consist of a number of investment members who pool their capital, experience, knowledge, ideas, resources, and energy together to create more leverage for the company. The goal of the company is to reach its 5 year target of at least $500,000 in net operating income per year. To reach this goal the company will need to produce at least $1,500,000 in yearly revenue and control at least $1,500,000 in assets. CAG will grow through acquisitions of small profitable businesses. The Search Fund type business model will be implemented to fund the company. $30,000 investment units are initially offered to raise funds to begin the acquisition search (at least $100,000. When the right business is located, then further funding will be required to close the transaction (approximately $250,000 total needed). At this point, the investors have the option to invest additional funds to acquire more equity in the company. The offer is negotiable for investors who require a majority stake.