Sportswear Company Seeking Loan in Baltimore, USA
Maryland-based yacht racing team brand seeking funds to procure boat to participate in America's Cup.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 5 - 6 thousand |
| Run Rate Sales | USD 24 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Sportswear |
| Locations | Baltimore |
| Local Time | 8:08 AM America / New York |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
2.5 million
for
11.0%
annual interest,
1
year
(Native Currency: USD 2,500,000)
Reason: Seeking funds to procure the boat required to be able to participate in the America's cup for yacht ...
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Collateral Available: USD 0
Includes physical assets worth
USD
75 thousand
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Business Name
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Business Overview
- A yacht racing team brand, based in Maryland.
- We have finally received the approval for participating in the America's cup for yacht racing.
- Yet to procure the boat. The feature of this boat is that it sails at about 2 to 3 feet above water level and moves at 50 miles/hour.
- Products being sold on our website include our team's jerseys, caps and stickers.
- So far, we have sold over 5000+ jerseys and aiming to sell 50k+ once our team is ready to participate.
- Our jerseys are priced at USD 95 each.
- Aiming to generate a revenue of over USD 3.5 million during the America's cup competition period.
- Partnered with some top institutes such as NASA and MIT.
- We have finally received the approval for participating in the America's cup for yacht racing.
- Yet to procure the boat. The feature of this boat is that it sails at about 2 to 3 feet above water level and moves at 50 miles/hour.
- Products being sold on our website include our team's jerseys, caps and stickers.
- So far, we have sold over 5000+ jerseys and aiming to sell 50k+ once our team is ready to participate.
- Our jerseys are priced at USD 95 each.
- Aiming to generate a revenue of over USD 3.5 million during the America's cup competition period.
- Partnered with some top institutes such as NASA and MIT.
Products & Services Overview
Products being sold on our website include our team's jerseys, caps and stickers.
Assets Overview
Physical assets include office furniture, interiors, equipment, computers and stock of jerseys, caps, t-shirts and stickers.
Facilities Overview
Rented office space of ~1,800 sq ft, located in Baltimore, Maryland. Rent is USD 200 per month.
Capitalization Overview
The business is elf-funded.Having a debt of USD 25k.
There is one owner, holding 100% shares. .
Recent Activity
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Earlier than 15 daysDirector, Real Estate Consultancy And Investment, Lisbon, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysCFO, Management Consultancy, Miami, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Retail, Cambridge, Individual Investor / Buyer connected with the Business
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