BidTN

Location,City : United States / Johnson City

Max Target : $ 50000

Equity on offer : 20 %

Min Target : $ 25000

Equity on offer : 20 %

Industry :
Retail

Investment Round :
Early stage

Stage :
Proof of concept

Website : Visit

Summary

We buy liquidation merchandise by the truckload from various major retailers and auction it off online or sell it directly at the auction pickup location. We were very successful in 2020 and 2021 but have to restart from 0 due to previous business owners. I've got reports available for any interested investors. We're more interested in a loan for a 12mo term at a high interest rate.

Notable Achievements

  • Legit numbers, can verify with reports/summaries or whatever is requested
  • $800k revenue in 2020 and 550k in 1st 3Q 2021 - during the pandemic with a halted economy

Pitch Video

The Business

Limitless - with 800k in revenue during our first year with a pandemic going on .. we've found our niche. Multiple locations, huge opportunity very quickly - and we have the drive to do it.

The Market

We've done this for 2 years and know the market very well.

Objective/Future (Use of funds)

Overhead secured for a 3 month time period
[Warehouse rent, utilities, staff]

Our initial product inventory - 1 truck load
[$100k in retail value of liquidation merchandise]

(we'll turn about 200k in revenue during this time, based on past performance)

Overhead secured for a 1 month time period
[Warehouse rent, utilities, staff]

Our initial product inventory - 1 truck load
[$100k in retail value of liquidation merchandise]

(we'll turn $15k-$40k in revenue during this time, based on past performance)

The Team

Grant, Joe, James - Sales, business, and tech

We have the same crew as before
Joe handles all admin work, James handles website design and development, and Grant is the location& sales manager

Exit Strategy

Make an offer