We were looking to raise $300,000 approximately for the first year to draw on for various expenses that we will outline in detail from B&C. The amount would not be needed all at one time. Each year we would have an operating budget and plan. Since the company will be mutually owned there will be expenses shared or funded through investment unless profit from sales can accomplish the needs without. Once we determine the finalized line plan we can put together multi year projections. This should be sufficient requirement and don't anticipate additional need for the first year unless there is a mutually agreed upon strategic decision for a specific purpose ie...license etc. B&C could receive 100% of the profits until the amount is paid back to fund the company start up. From what we know and Sam experienced with N&K it should take around 12-16 months to get everything going and produce volume sales.
Mark also discussed with Tonny on the phone having a logistics partner in the Corporation as well. This company is interested in participating and partnering with us. He wants to meet you, Tonny and us to discuss this. There responsibility would be warehousing, distribution, shipping, and billing (EDI) similar to that of an operation of the old N&K in Pacoima. This company imports and distributes a variety of products unrelated to most consumer electronics or video game accessories that we would sell but sells to many of the same channel customers we would reach. They have been in business for years. They are based near Baltimore Maryland on the East Coast not to far from Washington DC. This is a conversation point at this time however, we would need warehousing for accounts that don't want to buy direct import. There is also an option of using outside contract warehousing with a company like Ditan that does video game software distribution for most of the publishers if we don't want to relinquish shares. You may have another idea.....