Our company, MadHungry, is asking the sharks $10,000 for 10% stake in our company, because we plan on making $150,000 during the first fiscal year. In order to start our business, we need $4,700. This amount does not include the necessary programming for our company website. Our company will open in November of 2014 and by March of 2015 we will be able to pay off all of our expenses. Between our marketing and social media, we have diligently created plans to notify our customers about our latest updates.Therefore, we decided that 10% equity is fair for the sharks to invest $10,000 in our company. According to our business plan, they are 300,000 deliveries in the United States everyday. Clearly, there is a market for our business.Our company provides its services to East Greenwich, North Kingstown, and Warwick, which leaves us with no competitors in our area. Our company will grow easily without any major problems to deal with. From having no competitors to growth of the food industry, with our hard work and dedication from MadHungry’s staff our business will continue to expand and improve. The food market will never slow down since it is a daily requirement to survive. This is just one of the many reasons why we value our company at this price.
No comments:
Post a Comment