William Weekley
Houston, TX (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Weekley Energy Group
Find More Startups
Startup
Location:
Houston
Industry:
Energy
Year Founded:
2006
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
I have identified and would like to acquire a small company that has a verity of alternative energy products and systems that enhance heating and cooling efficiency. The company has several patients and patients pending. The two primary products is solar furnace and cleanable 30% more efficient AC duct work. The furnaces are proven and have a 30 year warranty. Many have been in operation for this time period. It is not a 100% solution but we believe in the cold belt heating cost can be cut by at least half in homes and big box structures. It augments current HAVC systems. The systems pay out in 30 to 36 months and are maintenance free for 30 years. The only moving part is the blower. The gross margin is about 50%.
Funding Requested: $5,000,000
Use of Proceeds:
Company Acquisition $2,500,000
Big Box Installation for
test and Marketing 500,000
Working Capital $2,000,000