Yi Chen
Alhambra, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
American Resort Club
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Startup
Location:
Alhambra
Industry:
Entertainment
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Digging Chinese market
Due to the continuous growth of Chinese economy in the recent ten years, the number of vacation traveler has increased sharply. The number of Chinese vacationers (mainland China) travaling to the United States has reached over one million in 2010. However, there is no American based vacation club working on this field.
Meanwhile, since the economic recession in the United States, many Timeshares are sold cheaply. On certain markets, one can buy a Timeshare with the market value of US$15,000.00 at US$500.00.
If invest 5 million US dollars in buying 10,000 US Timeshares and set up a membership based vacation club, then sell the membership in China at US$15,000 for each, the investor will receive proceeds of 150 million US dollars. After deducting the cost, the revenue on investment is about 100 million US dollars.
American Resort Club, Inc. is C corp in California. The Club founder is an American Chinese with fully experiences of China and the United States. The Club is planning to set up 3 working offices (one in Beijing has been started) in China this year, and to get 5 million US dollars sales in 2011. The Club has 10 million registered common shares. The Club offers 3 million of them for 3 million US dollars working capital. The Club plans to go public within 3 to 5 years.