I would like to take a moment of your time to explain my situation
Have you ever heard of Redbox ?
The company is currently owned by Coin Star. Redbox retails DVD rentals through Kiosk locations.
My Business is a start up company of the Exact same concept
I will pay 19% - 22% to Investor or grant 10% Ownership in Company. (10% at current projections 44,000 1st. year w/ 10-20% annual growth.)
This is a start up company called Movies on the Move Cinemabox. To be located in Massachusetts Greater Lowell Area.
I obtained Funding of $300,000 all ready through hard money lines, BUT to please the lenders they want to see an escrow account of 25% ($75,000)
I do not require this additional escrow money for operation of the business. I have a $24,000 pocket built in to the $300,000 for day to day operation costs.
The $75,000 will sit in escrow time frame to be determined and agreed upon by investor and myself. Most likely time projection of 2-3 years.
I am seeking $50,000. to $75,000. so I may complete the required funding for the escrow account
I will pay you for your money to sit there I will not be spent on operational needs.
I HAVE ALL THE DOCUMENTATION / QUARTERLY REPORTS Redbox states that each Redbox location generates $50,000/year .
I am looking to purchase 12 Kiosk at $276,000 I have approval for $300,000. I have built in a security pocket in the loan amount for operation costs.
Once we acquire the $50,000 to $75,000 we will have the entire funding for the escrow account and we are good to go.
We can be up and operational in 45 days.
We have 12 month projections 3 year projections THIS IS A CASH COW !!!!!!!!!!!!
OUR DOCUMENTATION STATEMENTS ARE AS FOLLOWS. 12 Kiosk Locations with Net. $444,608.00 annual revenue
PLEASE ANY ONE WITH MONEY TO INVEST OR IF YOU KNOW ANY ONE Contact us.
I would like to thank you for your time. I look forward to speaking with you further regarding this matter.
Thomas J. Coconis
tjc2808@gmail.com
978-277-9005
Tags: 1922, intrest, investor, pay, seeks, start