Online Sales Co Seeks Short Term Investor

[cgrosskr]

OK - here is the deal. I run an online business that buys customer return electronics and either refurbishes or sells them for parts.

We are in year 2 and we have moved from my bedroom to my garage - and then to an 1,800 sq ft facility - and FINALLY have been in our new 6,000 sq ft facility for the last six months. We started with one employee - me. We now have a staff of 12. We are ready to make the leap to the next level.

We do almost $100,000 in sales per month and have been approached with the opportunity to start purchasing larger quantities of merchandise at significantly less than we are paying now.

One problem: These purchasing opportunites are a lot larger than my cash flow allows...

SO - here is what I'm looking for: A short term investor that is willing to provide me the funds to start purchasing these truckloads.

My idea is simple: I will pay the original investment over two years at a rate of 2% of the initial investment per week over 2 years. This will basically be more than doubling your investment over 24 months.

If you are interested, please e-mail or PM me. For the right investor, I am willing to share information about my business and access to my facility and staff. I have a proven track record and I have the documentation to prove it.

The ideal investor will be someone who has a "hands off" approach - I am not offering a stake in my business to anyone. I would prefer someone who understands the concept of reverse logistics and has some idea of the on-line marketplace.

Thanks for considering my proposal!


Colin

[rrobingood]

where are you located?

[cgrosskr]

We are located in between Dallas and Fort Worth

[canadascoffee]

if you have the sales, etc. that you say you do, a bank or even a credit card would be a much better source for funding.

Paying a 50% interest rate is just a terrible business decision, no matter how much money you're making.

[cgrosskr]

Thanks for your advice - the problem is that the banks that I have talked to have been uncomfortable lending that for my business without some form of backing. Also, my credit scores - all in the mid 600's - don't seem to cut it when applying for a loan with me as a personal guarantee.

So - this was my idea. Take an investor and use the investment to generate profits to not only pay back the investor buit also insure enough cashflow to increase purchasing.

It seems that bank lending is also tightening up and I don't want to miss my window of opportunity on this additional product.

Missing this opportunity will cost me more than the cost of repaying an investor.

[unlimited22]

There are companies that buy/provide cash advances against purchase orders. Find one of those and double check it with the BBB. Sounds more like a loan situation. Also, there are people to people loans available via Prosper.com etc