It’s not a tech startup, not planning to become a worldwide company. Raising $50,000 for 25% that would gain 14.25%/year in value and return 10.94-17.17% a year in dividends, totally making up to 31.42% annual returns in a low risk industry. Where should I look for investors?
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Talk to your network. May be best to begin with family then friends
That’s already done. I’m looking for angel investors.
Friends and family would be a good start. That’s a pretty lofty projection for any business.
Invested $14,000 of my own capital and might secure $10,000 more from a local CDFI “Working Solutions”, waiting for decision. Still need $50,000 more.
That’s a very high rate of return for a brick and mortar in this economy. Which industry are you in? And can you look at senior investment groups? They love a strong dividend and would like the idea of a physical location
We have a tenant-brix&mortar-that NET PROFITS @ 43% (of sales) annually for 24 years. Customers have to wade thru many biz online nowadays. In a way, mirroring brix&mortar stores. Physical locations pull in passerby’s, are part of the local community, people ‘know where the merchant is’. Many biz online w/no, low revenues & have marketing expenses for their company from Google ads, or FB, etc. For me personally, I’ve always liked physical locations. GLTA.
If they can’t scale that’s nothing.
This is actually a good question and needs a solution. I don’t have $50,000 that I could risk in such a situation but I certainly could risk a couple thousand if I felt the individual was right and in my local area so I could personally keep an eye on the business.
Once upon a time I started my own little business when I was in my early 20’s and would loved to have had an angel investor. This is the type of thing where a group of investors could get together and pool their money and then invest in local people who are eager to start a business.
I wish I had an answer for you because I certainly would consider becoming part of such an angel group.
SBA.
If your returns are accurate, you could put it on credit cards too
totally making up…returns
Gotta read between the lines here.
Any real angel investor will balk at your projections. Sorry dude, pretty unrealistic regardless of industry. Also, if that’s really accurate and you’re offering up that much of your company you lack the business acumen to lead this enterprise. Not trying to be a jerk but that’s just the reality.