I recently purchased the assets of a bankrupt corporation from a venture capital firm. I purchased the branding, trademarks, logos, domains, customer database (47,000 customers), vendor list. It was to be chained in all 50 states but due to the economy and the way the venture capitalists changed the entire original structure it failed so they pulled the funding. The company had over 10 million dollars in sales in 2007. The original owner who founded the company is willing to allow me to rent/leese his custom designed retail building and help staff me with some of his old staff. I have all the sales data.
The best way to attack it is to mass mail and design a package to send to all 47,000 customers inviting them back and then giving them special deals. (this company did go bankrupt on some of them!) I am working on deals with disney, chicago bulls, cubs, terry redlin artwork. to come up with one of kind special edition items to sell to my client base to fund the retail buildout.
However I am still going to need to find some long term investors that would like to be paid back over time at 6-10% . I HAVE NO DESIRE TO GO VENTURE CAPITAL. (they made it fail to begin with, not the economy)
I am looking at well over 300,000 just to mass mail all the customers and invite them back. I`m looking at over 300,000 in website developmental fees to launch a website.
I have a 30,000 sq. ft. shipping/retail location owned by my family in which I can also use.
How can I get funding to relaunch?