Restaurant, Agribusiness, and Car Wash Funding Needed

dlcurrydlcurry subscriber Posts: 1
edited November 2008 in Startup Funding
I am seeking from 1-30 angel investors who can
angel investments, provide loans and/or equity partners for a new business concept that I have been
building a business plan for. The concept involves pairing up a full service car
wash with a full service cafe` which features menu items with organic ingredients grown on-site, and then opening multiple locations within 7
years before attempting to franchise it. The numbers for ROI are promising, but I am having
difficulty finding a traditional loan because it is a capital-rich start up
project, and the downpayment is going to be much more than a single mom of 5
with limited income like myself could possibly afford. I am open to suggestions
of how to finance the project, whether it be to finance the land, construction,
equipment/start up expenses, and working capital separately, or to get 30 angel
investors, each with $200K to invest. Each funding scenario minimizes the
potential of risk to any investor, which should be attractive. Unfortunately, I
do not have any contacts for angel investors, and again, a loan would require
downpayment that I do not have. I have put a GREAT DEAL of work into building
the business plan, marketing studies, and feasibility studies, which could be
seen as a form of sweat equity downpayment, but traditional banks and lending
institutions just do not view it that way.
Just to be clear, I am NOT
looking for free money. I am more than committed to making this business work.
But because of my family circumstances, I am not able to put money down, which
is why I need help. I can provide details about how this business with 2
seemingly different profit centers under one roof will work. I just need the
chance to be able to prove my concept, and get the help to actualize my dream.

Comments

  • robertjrobertj Tampa Bay, Floridasubscriber Posts: 0 Member
    dlcurry,
    You`ve obviously put a lot of time and energy into your concept -to get this far. Congratulations and great work. However, if you haven`t already - this may be the time to move away from "going it alone". For the size and type of venture you describe, assembling team(s) will make your project more attractive and Capital Ready.
     
    Consider taking a creative approach to solving your capital requirements which could include separation as well as taking smaller $ steps to your ultimate $ goal.
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