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5 Replies Last post: Jan 29, 2009 11:09 AM by CaptCole

Restructured Business Plan, but Need 100k to Restructure

Jan 27, 2009 12:24 PM

CaptCole 9 posts since
Oct 12, 2008

Posted before about looking for investors for a business (Upholstered Leather Furniture) that was trying to survive, but no really restructure. I believe I've solved my overhead problems by outsourcing manufacturing, but I've waited so long that I'm out of money to pay some back rent and move inventory. I've got a detailed document available to anyone wanting specifics.

Stephen Cole
CaptCole
captcole@bellsouth.net

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barterbroker 47 posts since
Oct 2, 2008

1. Re: Restructured Business Plan, but Need 100k to Restructure Jan 27, 2009 3:39 PM

just tried to contact you. Do you have a cellphone number?
David Butts
dbutts@tradeandbartermutual.com
1-866-546-8737

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bmt2008 305 posts since
Jul 30, 2008

2. Re: Restructured Business Plan, but Need 100k to Restructure Jan 28, 2009 9:36 AM

Seems like a lot of money to pay back rent and move inventory. Have you thought about using your inventory as collateral? Or use other assets you may have like equipment or accounts receivables? This is an aseet based lending environment.

Business Money Today
www.businessmoneytoday.com

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CaptCole 9 posts since
Oct 12, 2008

3. Re: Restructured Business Plan, but Need 100k to Restructure Jan 29, 2009 10:56 AM

in response to: barterbroker

barterbroker, tried to email using copy and paste, and got "not valid"

captcole

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barterbroker 47 posts since
Oct 2, 2008

4. Re: Restructured Business Plan, but Need 100k to Restructure Jan 29, 2009 11:05 AM

in response to: CaptCole

Sorry bout that,

dbutts@tradebartermutual.com*

no"AND" in the email

dave

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CaptCole 9 posts since
Oct 12, 2008

5. Re: Restructured Business Plan, but Need 100k to Restructure Jan 29, 2009 11:09 AM

in response to: bmt2008

bmt2008, breakdown is 30k back rent, 10k moving, 20k start up and 40k contingency fund. We done 650k, 1.5m, and 1.7m the past three years and still need to restructure manufacturing. We have a private label ready to sign for 2+m / year, and a new home theater line and bedding line ready to launch if we can get back manufacturing. The restructure would guarantee 20% gross revenue minus 6% commission on regular lines and 20% gross on private label. The outsource manufacterer can pull this off because of shear size. Our previous overhead was the killer for us.

CaptCole

captcole@bellsouth.net

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Restructured Business Plan, but Need 100k to Restructure

Jan 27, 2009 12:24 PM

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