Forums: Discussions for entrepreneurs and small business.

Fund Raising For Veteran Live Work Loft Project

We're developing a program that allows veterans to own property and operate a business out of the same location without paying for two locations on a business start-up budget. We feel like by helping veterans develop businesses we're taking care of America's homeless problem, and its decreasing job market.

Under our program during the first five years, we will give the veteran a percentage of his/her mortgage back at the end of the year so that they can put that money back into their business.

The plan is to have 174 units in a 20 floor building with 5 floors of each unit. 50 1Bedroom Units with attached work loft, 45 2Bedroom Units, 40 3BRUs, & 40 4BRUS.

Start up capital goal is $5 million with the potential to go public within the second year of business.

Each year we will build new properties with the same number of units which will add to the companies bottom line.

Estimated Yearly Earnings

1st yr=$2,430,000

2nd yr=$4,860,000

3rd yr=$7,290,000

4th yr=$9,720,000

5th yr=$12,150,000

Estimated Monthly Earnings

1st yr= $202,500

2nd yr= $405,000

3rd yr= $607,500

4th yr= $810,000

5th yr= $1,012,500

Unit Sales Prices

1Bdr + WL= $204,000

2Bdr + WL= $360,000

3Bdr + WL= $432,000

4Bdr + WL= $480,000

(WL= Work Lofts)

Veteran Cash Back Projections

1Br= $200 per month, $2400 per year

2Br= $300 per month, $3600 per year

3Br= $400 per month, $4800 per year

4Br= $500 per month, $6000 per year

5 Year Veteran Cash Back Period

Based on one unit sales

1Br= $12,000

2Br= $18,000

3Br= $24,000

4Br= $30,000

Estimated Per Year Loan Amounts

Each new year loan will be used to build new units totaling the same number as the first years' units. $5M for the first year includes land purchase plus cost of construction. Every year after the first year Veteran Live Work Lofts will purchase land through revenues earned from previous sales.

1st yr = $5M

2nd yr = $4M

3rd yr = $4M

4th yr = $4M

5th yr = $4M

Our program focuses on fighting against two of America's largest problems at the moment, homelessness, and job loss. Our program operates to ensure the veteran is able to develop a sound successful business so that the business will continue to grow and therefore be able to hire more people.

If you believe in this program send all donation forms to:

Veteran Live Work Lofts

Attention:

Audrey Simmons-founder

527 N Alexandria Ave

Apt 5 Los Angeles, Ca 90004

email: veteranliveworklofts@yahoo.com

-------------------------

Aggressively seeking business start-up capital for a project called Veteran Live Work Lofts. All suggestions on fund raising and steps to ensure project success are appreciated.

Audrey,

You have a very worthwhile purpose and goal with your project. However, in my opinion, your elevator pitch contains too much detail.

When you ask for donations, I wonder if you are setting up a charitable organization.

People who value your goal and purpose might be reluctant to write a check to you personally.  If you have not established an entity, any funds will be income to you. 

It appears that some additional preparation would be appropriate before seeking  capital.

If you want to discuss your specific situation, feel free to send me a PM or contact me directly.

 

 

 

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com