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Description:
FINANCIAL SUMMARY
BevRAGE International, Inc now has a lending institution prepared to provide $1,560,000 of start-up funding to the corporation. In order to secure these funds the institution requires the conditions following:
Equity Requirements:
Cash of $300,000 or more must be available prior to the loan.
Value equity, preferably Real Estate (but others may be considered, must be available. The bank making this offer would attach a mortgage lien. This “value” of the Real Estate or asset is not specified at this juncture, but certainly it must be substantial enough to mitigate the risk to the lender. This lien would be a zero-interest lien, and its purpose is solely risk mitigation in the event of default of the loan to BevRAGE International.
Finding an investor with $300,000 plus equity in Real Estate to satisfy the above loan may be easier than finding the entire $1,560,000. What BevRAGE International would offer to such an investor is the following:
Offering for a successful $300,000 cash plus Real Estate equity:
Ownership of 20% of BevRAGE International, Inc.
Repayment of the $300,000 with 20% interest compounded monthly, with first payment on the 13th month after Start-up funding, and payment in full by the 24th month after Start-up. The same position on the Board of Directors with terms as currently being offered in the Business Plan.
SUMMARY of BUSINESS PLAN
BevRAGE is the product name for a completely mobile drink dispensing system that makes serving drinks fun and easy. In summary, this compact unit dispenses a variety of both carbonated and non-carbonated drinks from 1, 2, and 3-liter bottles, liter liquor bottles and mini kegs which are stored within a cooling unit and connected to an integrated CO2-pressurized system. The unit dispenses in a portable manner any selection of beverages in the same fashion as restaurants and bars by dispensing through a special multiflavor nozzle dispenser gun that automatically retracts into the lid of the container when not in use.
The BevRAGE system currently has a utility patent pending. The system keeps beverages carbonated, fresh in flavor, and cold as anticipated. Because the multi-button nozzle has unique lines of beverages there is no alteration of one flavor mixed with residue from another. The system eliminates the problem of loose bottles being opened and closed, or being left opened to turn
flat and tasteless.
BevRAGE International, Inc. is a R&D company which as of December 1st, 2007 has one chief product and prototype. The primary product was designed and engineered by DAVID FIRE who is the Founder/Director of Research and Development for BevRAGE International Inc. Approximately $51,000 has been expended in efforts to refine the designs, fund activities to bring the product closer to ready-for-market status, and for initial patent pending applications.
STATUS OF BevRAGE INTERNATIONAL AND IMMEDIATE PLANS
BevRAGE International is currently debt-free and has no short-term or long-term debt obligations. It is presently owned by 5 shareholders who have invested cash, time, efforts, and energy for product preparation and establishing a corporate entity and web page internet presence. However, since our product is only now ready for market there are no historical financial data showing profit or loss, cash-flow, and common data associated with on-going activities.
BevRAGE International has several avenues for manufacturing. We have been in contact with no fewer than 5 manufacturing firms who have seen the working models and engineering drawings and who are interested in becoming the producer for the system instead of BevRAGE International beginning its own manufacturing plant. All these interested firms are awaiting a possibility of a go-ahead pending availability of investor funding. Towards this objective, we have projected costs for contracting-out the manufacturing process, and propose BevRAGE International to become the organization for sales and marketing. Potential investors must realize the risk reduction associated with this strategy.
MARKETS
There are numerous markets targeted for the system. Sports tailgaters are the most obvious ones. In US and foreign sports such as NFL, Baseball, NASCAR, Soccer, Rugby, and others there are literally millions of fans, many of which who enjoy tailgate parties before or after sporting events. The inner field of every NASCAR event is packed with any number of events all of which would benefit from convenient beverage dispensing.
Other markets include consumer boaters, travelers, campers, home entertainment, business special events
(like car-sales events or office parties), and similar end-users at a personal level.
Commercial markets
Academic Version include Catering businesses, Limousines installations, Home-bar special installations, RVs, and even the Airline industry who still today open individual cans of beverages one-by-one instead of serving from a professional nozzle from a BevRAGE system type of unit.
FINANCIAL SUMMARY
BevRAGE International, Inc now has a lending institution prepared to provide $1,560,000 of start-up funding to the corporation. In order to secure these funds the institution requires the conditions following:
Equity Requirements:
Cash of $300,000 or more must be available prior to the loan.
Value equity, preferably Real Estate (but others may be considered, must be available. The bank making this offer would attach a mortgage lien. This “value” of the Real Estate or asset is not specified at this juncture, but certainly it must be substantial enough to mitigate the risk to the lender. This lien would be a zero-interest lien, and its purpose is solely risk mitigation in the event of default of the loan to BevRAGE International.
Finding an investor with $300,000 plus equity in Real Estate to satisfy the above loan may be easier than finding the entire $1,560,000. What BevRAGE International would offer to such an investor is the following:
Offering for a successful $300,000 cash plus Real Estate equity:
Ownership of 20% of BevRAGE International, Inc.
Repayment of the $300,000 with 20% interest compounded monthly, with first payment on the 13th month after Start-up funding, and payment in full by the 24th month after Start-up. The same position on the Board of Directors with terms as currently being offered in the Business Plan.
The BevRAGE System shall sell for $349.99 per unit at the retail, consumer level. The cost of production should be approximately $75 per unit. The conservative estimate of profits by the end of 12 months is $12,200,000.
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