November 11, 2008 8:41 AM EST
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.