Adivce!!!!

[CreativeComputers]

Hello,

Any one know where I can find some investors or even is their any investors on here.

I am opening a computer repair unit / shop that will sell top of the range computers even normall home ones, I am prepared to offer 40% of the business.

Also this will have a graphics and printing department also within the business.

PM me is you are a investor.

Thanks

Creative Computers

 

[stugster]

Investors are not going to PM you on the basis of that small post.

Elaborate on what you're intending to do:
where your business is going to be based
why you need a unit to do what you're doing
what you're going to charge
what your expected turnover will be in the first year, 2 years, 3 years
who else is involved in this business
where you will source the equipment for printing
how much is going to need to be invested
who are you?

 

[Simon-M]

40% of nothing is still nothing. Fill out the details. We can then point you in the right direction.

 

[CreativeComputers]

Elaborate on what you're intending to do?

I am wanting to open a computer store that sells, computers, laptops, software, hardware, peripherals and accessories, Offer web design, and all types of designs (I am accosiated with Calibre Designs, they are also doing the printing with their contact) I also want to offer computer repair and home based system networking and setup.

where your business is going to be based?

Seacombe, Wallasey, Wirral CH44 (PDF File on location if ineeded) the reason is why I have picked this location due to the building having the same layout as pc world and sililar to currys. It is right next door to tescos which can be thought of a bonus. Their are only two computer shops with in the area but their small compared to this building.

why you need a unit to do what you're doing?

I am in need of a unit, due to the services I am wanting to do. I have been doing this from home (living with parents) and its getting abit much to work round them. I have decided to look for a invester and offer a percentage of this business (Open to offers)

what you're going to charge

Base units from £300
Computers from £395
Laptops from £400
Perphiferals & Accessories from £30

Computer Repair from £35.00 ph
Call-outs from £25
Diliverys from £5 (depending on location)
pick-ups from £10

Web Design from £200
Graphics different prices from £20

what your expected turnover will be in the first year, 2 years, 3 years:

1st year = £25,000
2nd year = £50,000
3rd year = 80,000

who else is involved in this business:

Lindsay = Company Admin & Customer Service Advisor
Calibre Designs - All designing projects go (we recieive 20% comission on every project we pass over)
Phillip (Me) - Owner & Managing Director

where you will source the equipment for printing

Calibre Designs have a contact that we will be using through them to do the printing.

how much is going to need to be invested

to compelete this hole new business i would like a investment of £500,000.00. this is worth the invest due to the location.

who are you?

My names Phillip, I am 19 years old currently from Liverpool, Merseyside I have been doing small computer tesks such as computer repair and networking for over 4 years. I am very good in what I do and I am always exploring new ideas. which will make me money.

I am looking for a invester to offer 40-45% of the business or even if the invester likes what he/she sees then future business partners.

Please Help!!!

Regards

Creative Designs

 

[Write My Site]

If you're only projecting a turnover of £80k after 3 years I'm afraid you have no hope of getting an investor to stump up £500k!

 

[CreativeComputers]

Elaborate on what you're intending to do?

I am wanting to open a computer store that sells, computers, laptops, software, hardware, peripherals and accessories, Offer web design, and all types of designs (I am accosiated with Calibre Designs, they are also doing the printing with their contact) I also want to offer computer repair and home based system networking and setup.

where your business is going to be based?

Seacombe, Wallasey, Wirral CH44 (PDF File on location if ineeded) the reason is why I have picked this location due to the building having the same layout as pc world and sililar to currys. It is right next door to tescos which can be thought of a bonus. Their are only two computer shops with in the area but their small compared to this building.

why you need a unit to do what you're doing?

I am in need of a unit, due to the services I am wanting to do. I have been doing this from home (living with parents) and its getting abit much to work round them. I have decided to look for a invester and offer a percentage of this business (Open to offers)

what you're going to charge

Base units from £300
Computers from £395
Laptops from £400
Perphiferals & Accessories from £30

Computer Repair from £35.00 ph
Call-outs from £25
Diliverys from £5 (depending on location)
pick-ups from £10

Web Design from £200
Graphics different prices from £20

what your expected turnover will be in the first year, 2 years, 3 years:

1st year = £25,000
2nd year = £50,000
3rd year = £100,00.00

who else is involved in this business:

Lindsay = Company Admin & Customer Service Advisor
Calibre Designs - All designing projects go (we recieive 20% comission on every project we pass over)
Phillip (Me) - Owner & Managing Director

where you will source the equipment for printing

Calibre Designs have a contact that we will be using through them to do the printing.

how much is going to need to be invested

to compelete this hole new business i would like a investment of £500,000.00. this is worth the invest due to the location.

who are you?

My names Phillip, I am 19 years old currently from Liverpool, Merseyside I have been doing small computer tesks such as computer repair and networking for over 4 years. I am very good in what I do and I am always exploring new ideas. which will make me money.

I am looking for a invester to offer 40-45% of the business or even if the invester likes what he/she sees then future business partners.

Please Help!!!

Regards

Creative Designs

Sorry Mistiped

 

[Padebo]

Still WAY to low a turnover in what is a very competitive marketplace.

Much too high a risk.

If you are asking for £500k, you are valuing your current business at £1.25m.

If you were currently in business and turning over in excess of, say £300kpa, with a good looking, on target, business plan, you might be in with a shout.

Don't want to **** on your chips, Phillip and I hope you succeed. Just wanted to warn you that getting finance from an investor may not be as easy as it first might appear.

You could look at business angels, they've been mentioned here loads of times.

 

[Kent Accountant]

An investor would probably be looking for a return of 20 - 25%

 

[self-sale]

Good luck with the business.
One piece of advise. Don't reveal to everyone what commission you earn in what is a private agreement with Calibre Designs. You never know, they may have an agreement with another company where they've managed to negotiate 15% which I'm sure will cause some embarrassment.

Elaborate on what you're intending to do?

I am wanting to open a computer store that sells, computers, laptops, software, hardware, peripherals and accessories, Offer web design, and all types of designs (I am accosiated with Calibre Designs, they are also doing the printing with their contact) I also want to offer computer repair and home based system networking and setup.

where your business is going to be based?

Seacombe, Wallasey, Wirral CH44 (PDF File on location if ineeded) the reason is why I have picked this location due to the building having the same layout as pc world and sililar to currys. It is right next door to tescos which can be thought of a bonus. Their are only two computer shops with in the area but their small compared to this building.

why you need a unit to do what you're doing?

I am in need of a unit, due to the services I am wanting to do. I have been doing this from home (living with parents) and its getting abit much to work round them. I have decided to look for a invester and offer a percentage of this business (Open to offers)

what you're going to charge

Base units from £300
Computers from £395
Laptops from £400
Perphiferals & Accessories from £30

Computer Repair from £35.00 ph
Call-outs from £25
Diliverys from £5 (depending on location)
pick-ups from £10

Web Design from £200
Graphics different prices from £20

what your expected turnover will be in the first year, 2 years, 3 years:

1st year = £25,000
2nd year = £50,000
3rd year = 80,000

who else is involved in this business:

Lindsay = Company Admin & Customer Service Advisor
Calibre Designs - All designing projects go (we recieive 20% comission on every project we pass over)
Phillip (Me) - Owner & Managing Director

where you will source the equipment for printing

Calibre Designs have a contact that we will be using through them to do the printing.

how much is going to need to be invested

to compelete this hole new business i would like a investment of £500,000.00. this is worth the invest due to the location.

who are you?

My names Phillip, I am 19 years old currently from Liverpool, Merseyside I have been doing small computer tesks such as computer repair and networking for over 4 years. I am very good in what I do and I am always exploring new ideas. which will make me money.

I am looking for a invester to offer 40-45% of the business or even if the invester likes what he/she sees then future business partners.

Please Help!!!

Regards

Creative Designs

 

[PIGDOG]

Without wishing to sound rude, I would say you lack the experience any potential investor may be looking for. And your projected t/o is not going to have them queing up.

 

[directmarketingadvice]

At the risk of sounding like I'm in the dragons den:

what your expected turnover will be in the first year, 2 years, 3 years:

1st year = £25,000
2nd year = £50,000
3rd year = £100,00.00

Is this turnover or profit?

If it's turnover, it's barely a decent wage in the first year, maybe even a loss. And there won't be much of a return that year for the investor.

Even if it's profit, you're valuing a business that's estimated (by you) to make £50,000 in year 2 at £1.25m.

That's 4% ROI for an investor... assuming your business does well.

It's a really poor offer, I'm afraid.

Steve

 

what do you need 500k for ,details please.

Earl

 

[stugster]

as sirearl has said, elaborate on your expenses/outgoings. How much is this unit p.a.? I take it you're renting it.
Have you calculated all the expenses? Electricity, Water, Business Rates, Insurance, Security, Wages, Tax, Professional Fees (i.e. Accountant), Software Licences, Hardware, etc.

How did you get to the sweet number of £500k?

 

I would be hoping for a little more return on 500k I'm afraid.

Maybe you need to scale down your original plans - 500k is one hell of a large investment in something you have no real hard-and-fast figures for.

 

[CreativeComputers]

Thanks for the advice guys, you all have been real helpfull.

the 500K is for stock, equipment, and on going costs for what I am wanting to do.

plus the building is £45000 a year thats with all the utilites. I would return whats left over except 100,000.00 back to the invester just to stay safe but then offer a bigger sum for to the invester once it is up and running plus trading propply.

You all have been really great with the advice

 

Have you got a business plan.?

Earl

 

[Alice3537]

Too ambitious a project IMO - the store may have the layout of PC World, but isn't. It's right next door to a supermarket that offers PCs at the same price as you do - I have NO idea how good your prices are as I don't know what brand (or non-brand) you are talking about.

Most important question was the one asked earlier - your figures.....t/o or profit?

 

I think that anyone who wants to step in at the level PCW et al are at hasn't got a snowballs chance in hell.

I fully intend to have a Main St store sometime in the future, but I will be doing so in the 'smaller' towns where there is no benefit/throughput for a PCW.

It is impossible to buy your way into a market like that - and madness to try. You will find that getting this money together might be a little difficult.

 

[CreativeComputers]

Hi,

Thanks for all your replies its been healpfull, I am greatfull. the 100K is what would be left after I have paid all bills and paid the invester his percentage so I would probbly say profit.

Compspec, I dont mean to sound rude, Because you are being helpfull, I didnt say I wanted to step in at PCW level, I do know I havent got a "Snowballs hope in hell" (Funny phrase that) Its just I want to start of big.

The reason why I have been trading from my home, Put all my personal money into it, But now I am currently looking for a invester that would invest into my plans.

Regards


Creative Computers

 

[SpeedyExpressCouriers]

500K??? :| After reading the above posts i still dont see why over 500K is needed. What i would do if i was in your position is to start with a much much much lower figure with no investors ad see how the businss goes. If it is a success then i would recommend you calling on some financial help from investors.

Also, do you have 500K to invest into this business? If you do then i would suggest you do your research again because i don't think you have done enough.

...Put all my personal money into it...

This would probably be your first mistake in business, I have always been told never invest your own money until it is absoluately vital you do so. Have you approached anybody for help?

 

[CreativeComputers]

I have been to business advisors, I started off with a business loan of £5,000 and then once I paid that back I ended up with a profit of £10,000

 

[glencooley.com]

Hi,

Thanks for all your replies its been healpfull, I am greatfull. the 100K is what would be left after I have paid all bills and paid the invester his percentage so I would probbly say profit.

Do i understand this right.........

You want 500k to open a shop. Of that 500k you want to float 100k "for rainy days" and give the investor back money out of the investment money??

Couple of things and not to be harsh but with your spelling and grammar i think you will be hard pressed to find someone willing to give you half a million pounds that will be tied up in depreciating stock. Thats a lot of £395 computers.

 

[julesh]

Base units from £300
Computers from £395

Buying from PC World I can get base units for £200 and complete systems from about £300. Why would I spend £100 extra to buy from you?

 

[stugster]

Buying from PC World I can get base units for £200 and complete systems from about £300. Why would I spend £100 extra to buy from you?

To be fair, there are sound reasons for not going to PC World to purchase hardware. One such example is the Motherboards the majority of the PCs have are not up to the job.

A big thing that companies fail to advertise is the "FSB" of a motherboard/hardware component. This is the speed at which the data travels along the computer's busses (Front-Side Bus).

So be careful Even if a computer has 2.2GHz processor and a whopping 2GB RAM, if the FSB is only 633MHz, you're probably going to notice it.


Back onto the topic of his computer repair centre: is a retail unit appropriate for the major work you'll be doing? What percentage of your turnover is going to be directly associated with the Sale of Computers?

From my limited experience, the vast amount of hardware sales I've made are in the form of components - rather than whole systems.

Also, are people that bothered about seeing the computer in the shop? If not, why bother wasting £400 or whatever on a display model to sit and collect dust?

I strongly agree with your point about it taking up a lot of room. I live with my parents, and although they're very supportive of how well the business is now doing, I can tell that they're starting to get pissed off with laptops and computer desktops taking up an a entire room of the house.

Once I can truly justify the needs of a business property, I'll be moving too. But there will be two things I'll make certain of when I do:

1) The business pays for the property (e.g. rent) from its own bank account, and doesn't get into an overdraft/debt to a third party.

2) The business wont be moving to a retail outlet, as the majority of the sales are services related, so why spend a proportion of the rent in a retail unit when an industrial/office unit will be cheaper?

Is there no way you can carry on with the business at home, and perhaps pay your parents a bit of the profit as a way of keeping them sweet?

You don't want to have to give away a portion of your business unless you have no other option, but I believe you still have a few options available to you to keep it ticking over nicely.

 

[PIGDOG]

I think you are out of your depth at present & should knuckle down getting a few more years experience before even considering a venture like this.

 

[glencooley.com]

I think you are out of your depth at present & should knuckle down getting a few more years experience before even considering a venture like this.

Agreed.

Half a million pounds to compete in a constantly shifting market place coupled with the level of dominance that a nationwide chain and group has.

I think you will struggle to realise any ROI with the amount of capital it needs to start something as risky as this up.

 

[CreativeComputers]

Stugster,

I already pay them £200 (food, storage space) I am paying £5 a week for those retail storage facilites for the computers and laptops.

I dont think I am out of my depth on any of this due to the fact I no what I am doing.

Thanks for all your adivce, Some investment company in Manchester is dealing with my enquiry.

Regards

Creative Computers

(And just for the base units, are that powerful their better then buying a complete system then paying for them in whole)

 

[Padebo]

If you have an investment company seriously looking to help you, then that's just great news. They won't help if it represents to much of a risk, so if they are on board, you are in clover.

Good luck. When you're in full production, we'll all buy our systems from you.

 

[stugster]

Earlier, I asked you what your expected turnover will be in years 1,2 and 3.

One of my questions should have been:
What is your turnover at the moment?

 

[glencooley.com]

Stugster,

I already pay them £200 (food, storage space) I am paying £5 a week for those retail storage facilites for the computers and laptops.

I dont think I am out of my depth on any of this due to the fact I no what I am doing.

Thanks for all your adivce, Some investment company in Manchester is dealing with my enquiry.

Regards

Creative Computers

(And just for the base units, are that powerful their better then buying a complete system then paying for them in whole)

Just be aware of the jump in the scales of economy, tax position and company structure. Renovations to the building, staff, marketing etc 500k is a long way from 200 per week and a fiver for storage.

I personally dont think you will pass the due dilligence stage of investment as the business is not in a solid enough position.

 

[CreativeComputers]

Stugster,

My turnover at the moment is £50,000 a year, thats running it from home, But I do other things then just computer services, I do other odd jobs then just that.

My turnover at the moment on what I do all together is, £65,000. thats all the services I do.

Ealier on I said that I would give whats left over on the invester expcet 100K "rainy days" what I ment by this is, if I didnt need the 500K which I am sure that I wont I would give it back to the invester not pay the invester back with his own money.

I carnt explain it any simplier.

Regards

Creative Computers

 

[stugster]

Ok, so from your £50k turnover, how much of that is profit? I.e. after you've paid your bills, wages, tax, etc.

Is there a cheaper alternative unit you could look at getting, rather than shell out so much money on such a big risk?

 

I am still not convinced that the big retail outlet is the way to go - you can create a decent computer business from smaller premises, cutting down the overheads.

There is a significant percentage of PC users who like to go to a smaller repair shop, where they know they'll get sterling service.

If you take on this large store, you will have to fill it with the same clowns as PCW - and that percentage of people who will not use PCW will be aware that they are clowns.

Good luck to you, and I hope it all works out.

 

[CreativeComputers]

Compspec,

Thank you, I wouldnt go along with the same layout as PCW and have the same charges and sales as PCW does as many people dont want to pay out that kind of money.

Thanks for all your advice guys realliy greatfull

Regards

Creative Computers

 

[CreativeComputers]

Stugster,

about £40,000 profit.

Regards

 

[glencooley.com]

Stugster,

My turnover at the moment is £50,000 a year, thats running it from home, But I do other things then just computer services, I do other odd jobs then just that.

My turnover at the moment on what I do all together is, £65,000. thats all the services I do.

Ealier on I said that I would give whats left over on the invester expcet 100K "rainy days" what I ment by this is, if I didnt need the 500K which I am sure that I wont I would give it back to the invester not pay the invester back with his own money.

I carnt explain it any simplier.

Regards

Creative Computers

The problem comes from an investing point is that you havent done an adequate budget if you dont know how much would be left over.

Now the coin flips the other way "thinking that will be enough" and knowing exactly how much its going to cost with a contingency is fair comment but a 1/5 of the investment is to much not to account for.

You wont get passed due dillegance as i said. How did you arrive at the figure you need investing???

 

[stugster]

If you've got £40k profit at the moment, why not consider a smaller retail outlet/office/business unit?

I've been looking around in the Edinburgh area and there's hundreds available to rent. Prices from £7k per annum (plus VAT and Rates).

By the sounds of things, if what you're saying is true, you've already learned to crawl. Now you need to walk before you can run.

 

[SpeedyExpressCouriers]

If you've got £40k profit at the moment, why not consider a smaller retail outlet/office/business unit?

I've been looking around in the Edinburgh area and there's hundreds available to rent. Prices from £7k per annum (plus VAT and Rates).

By the sounds of things, if what you're saying is true, you've already learned to crawl. Now you need to walk before you can run.

Agreed, couldn't put it any better. If you get an investor and open a big store either on the high street/side street/industrial estate or wherever i would never use you for any problems, simply because i will be another number waiting in the queue.

I would rather go to Comspec (not to ireland obviously ) and have my repairs done, simply because i know i would definately get a better service and quicker service.

Start small (which you have done), grow and expand. DO NOT JUMP because you will fall.

 

[Gforster]

Just noticed something about your figures...

You say that at the moment you are clearing £40k profit per year.

You say that year 1,2 and 3 in the new business you will get 25, 50 and 100k respectively and you will have to give 40% of this to your investor, this leaves you £105k profit. If you simply carry on from your mums house you will clear £120k even if your business does not grow.

Why would you risk £500k to make £15k less profit (projected profit) ?

 

[saracen]

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Whats that to do with seeking an investor for a computer business :|