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Angel or VC wanted !!!!

 
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qworx

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Jul 25, 2006 10:56 AM ET    Quote  Report Abuse
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Q work’s Special Equipment Team will be an automotive aftermarket accessories broker that will partner with vendors and  dealerships, facilitating dealerships to operate as custom installation shops that allows consumers to shop for vehicles online and personalize them with a wide range of aftermarket accessories to be installed at the dealerships. This plan is in the developmental stage. The principal goal of this plan is to become the leading supplier of aftermarket accessories in the U.S. by pairing the sales of aftermarket accessories with the sales of new and used vehicles. And that will make this company a viable entity for acquisition by a larger automotive company or part retailer.

 

This venture requires an initial investment of $900,000 dollars, which will be applied to seed &  start up costs such as; forming a senior management team, contracting with service & strategic partners, project vehicle , office supplies and equipment leasing, accounting and website firms) and daily operating expenses. (All accessories will be shipped directly from the vendors; SET will not be responsible for any inventory costs). The second round of funding (an additional $900,000) will occur six months later for ongoing operating expenses. The first quarter of year 2 is the projected break even point and the revenue from the next 3 quarters will be reinvested into the company. The investor/s will start seeing a return on their investment (dividends) in the first quarter of year three. This venture is designed to become an acquisition by a larger automotive company within 5 years (J.C. Whitney, APC, Carparts.com, and Dealer Access were all similarly acquired for undisclosed amounts in the last five years), after we’ve demonstrated the process and feasibility of this business model. The investor/s will then see a return on their investment of greater than ten times .The following goals and milestones are based on an August launch date, (assuming funding is secured by August 15th).



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

Regards,
Kwabena "Q" Johnson

Founder
Q works
Phone/Fax: 313.333.5611
Email: Qworx@Sprintpcs.com

"Those who fail to take the initiative
usually miss the opportunity"
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