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Hi There
I am looking for a little advice on raising start up capital for a women's wear boutique I am opening in November. In a nutshell my company sells designer women's clothing, shoes, bags, fragrances & bridal wear and open within a large well known shopping mall with a published footfall figures of c. 12 million.
I am looking to raise start up capital of £7,000 and unfortunately bank loans are not an option. I have tried all the traditional routes however it looks like we are now left with only one option, to find an investor. The forecast turnover for year 1 is c. £200,000 with a net profit of c. £72,000 so I am thinking of offering 10% of the company. I want this to run for 2 years with a guarantee that the investor will have covered his investment by the end of year 1 and made a profit on investment throughout year 2. For reference the forecast turnover for year 2 is c. £350,000 with a net profit of c. £125,000 which will see the investor with a total return on his investment of c. £18,500 throughout the 2 year deal.
Can you provided me with your thoughts on this as it is all pretty new and what may seem like a good deal to me, might be completely different to someone with experience in this field.
Thanks in advance.
Additional Details Thanks for the feedback. Banks are not an option due to the business being a start up Ltd Company with no history and also my personal credit rating is not the best. The 7k is not for stock, rents, staffing etc as this is all accounted for, this will be used mainly for fixtures/fittings and the design of the store.
I am looking for a little advice on raising start up capital for a women's wear boutique I am opening in November. In a nutshell my company sells designer women's clothing, shoes, bags, fragrances & bridal wear and open within a large well known shopping mall with a published footfall figures of c. 12 million.
I am looking to raise start up capital of £7,000 and unfortunately bank loans are not an option. I have tried all the traditional routes however it looks like we are now left with only one option, to find an investor. The forecast turnover for year 1 is c. £200,000 with a net profit of c. £72,000 so I am thinking of offering 10% of the company. I want this to run for 2 years with a guarantee that the investor will have covered his investment by the end of year 1 and made a profit on investment throughout year 2. For reference the forecast turnover for year 2 is c. £350,000 with a net profit of c. £125,000 which will see the investor with a total return on his investment of c. £18,500 throughout the 2 year deal.
Can you provided me with your thoughts on this as it is all pretty new and what may seem like a good deal to me, might be completely different to someone with experience in this field.
Thanks in advance.
Advice on Start Up Business Investment Opportunity?
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