wayne gauthier
fonthill, ON (CAN)
Role(s):
Founder/Owner/Principal
fonthill motors
Find More Startups
Startup
Location:
fonthill
Industry:
Automotive
Year Founded:
2005
Number Employees:
10-50 people
Description:
Subject: Currently Searching for $2 Mil in Capital for Automotive for rapid growth
Date: 4/7/2010
fonthill motors is a startup business located in fonthill, ON. We are in search of $2 Mil in refinance funding so that we can sustain our 65% increase in sales right now, fonthill motors currently has annual gross sales in the amount of Above $5M. Here are some additional details relating to the type and use of funds that we are looking for. our sales are up 65%, buisness office up 100% our service dept is up 74%. we are paying $450,000 per year in interest to finance a debt of only 1.5 million. this is the fastest growing dealership in ontario. the debt will be secured with 2.8 milion in collateral. fonthill motors currently plans to use any raised funds primarily for the following purposes: -Operating/Growth Capital (Payroll, Sales & Marketing, etc) With that in mind, fonthill motors is most interested in receiving capital from these types of funding sources: -Equity Funding (Venture Capital, Angel, Private Equity, etc.)
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