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So 30% of the company are valued 1200BTC which means 540000 USD.

You write that the $10000 income from ebay in april was because you hired someone to list half of the inventory. For me that sounds like its something that wont work each month since in that month most probably the wanted things were sold fast. So it would be more interesting to know the income and more important the profit that is reachable per month.

You didnt give numbers for the other income streams.

Lets assume you make $20000 profit. I dont know what income is needed for that after you paid all workers, contractors and all. 30% of the profit are split for the shares. Thats $6000. With that amount of profit that goes to the shareholders it would need 90 months or 7.5 years to break even.

So i think you need to provide numbers and a plan that justifies that shareprice...

You better check yourself before you wreck yourself.

In the USA you can't have an LLC and offer shares from an IPO, if you do you are going to get hammered.

Set it up as a Sub S Corp giving K1s.

Another point im wondering about is the basis of your business. You claim you get broken things, repair it and sell it again. Do you get this for free? Even when... in my country such businesses exist too, but they are a very low wage job. More of a hobby as kindness for the people. Unemployed people that dont want to sit at home do this job. So what im wondering is how you could be able to turn this into something completely different and so profitable. Only with 4 persons create thousands of USD of sales. I dont really see how this is supposed to work.

I mean broken things still have a value which means mostly would have to be bought. Repairing is a time consuming job and a reasonable additional profit on top can only work with top hardware. But mostly broken things are old anyway. So getting another 100USD out of a broken pc would sound like a miracle, not to speak about repair parts and the worktime.

As you will notice I am looking for partners in this business, as in full voting rights partners.

That said, you can very well offer interest in an LLC just as you can offer shares in a corporation. If you were referring to IPO's in general then what you are talking about is true regardless of business status.

http://www.law7555.com/books/articles/WhenAreLLCInterestsaSecurity.pdf

The reasons that LLC's are frowned upon are typically state laws and investor sentiments. If an LLC is chosen Delaware would be the state of choice but I am at the moment seeking partners in the business, not shareholders, that have the ability to be actively involved in the management.  That part is not finalized yet though, after talking to interested parties to discuss the pros and cons of all options then I am going to sit down with the people that push the pens and get this done. Obviously we are looking to choose the path of least resistance for partners from all over the world.

Thanks

again 1 question then this thread alone, promise.

you hold successful business. why you need investor in your porn site operation ?

How many shares would it take to be a full voting rights partner? I imagine the bar would be kind of high, wouldn't it?

Sounds good. Do you have a BTC address up yet?

Seeking voting partners on this venture if at all possible.

RecycledMoney - Placing an established, profitable business in your hands.

A full overview of this project with detailed information on all aspects of this business will be posted soon. The following is a summary of that information.

Southern Appliance is being created to buy and grow an established and profitable appliance business in north Louisiana. We will be working aggressively to increase profits by optimizing current revenue streams, adding more products and services, establishing new locations, and developing a shopping website for a very profitable arm of the business.

I am the sole owner of the business being purchased. It is an established, successful used appliance store that has been in operation since 2008. I managed that business for several years, bought a 49% interest in 2011 and bought the business outright in early 2013. Over the years I have worked tirelessly to expand operations from a 1,300 square foot building in 2008 to a now 15,000 square foot multi building complex. The lease on the last 4,600 square foot building was finalized and signed today and I am now focused on continued growth.

Current Operations

This business currently benefits from three main sources of income as outlined.

1) - The main source of income since inception has been the purchase of non working household appliances which are repaired and sold. We currently sell between 25 and 80 major appliances per week. We have a contract with multiple chain stores and receive all trade-in appliances by the 18 wheeler full from each location.

2) - The secondary source of income for this business is used parts sales over the Internet. I currently use eBay for all parts sales but will be expanding operations to both Amazon and a custom storefront. Because of limitations on space, time and the dollar value of items I was allowed to list on eBay I was not able to fully focus on this aspect of the business until recently. Our eBay limit has been increased to $125,000 or 2,500 parts listed and grows monthly if fully utilized. Earlier this year I paid a contractor to list over 1,000 parts with a value of over $50,000 on eBay and that resulted in $10,242.85 in sales for April.

3) - The final source of income for this business is scrap metal. Any appliance that is not cost effective to repair is parted out with the unusable parts sold or kept for business use and the rest is for scrap. We currently sell approximately 15,000 pounds per week which at the current rates comes out to around $1,200 and have sold as much as 30,000 pounds in a single week.

We currently employ 5 full time workers and contract work from a few others as needed.

We now lease 15,000 square foot consisting of three buildings on the same property. Today I finalized the lease on the last building which added 4,600 square foot to that total.
 
Goals For Current Income Sources

I am now working to increase profits in every aspect of this business and to expand into new areas.

While appliance sales have always been our main source of income we have mostly focused on wholesale to other dealers and budget retail. With the new contract came a huge influx in appliances and it took time to adjust so we were short on manpower to repair, clean, paint and sell for full retail. We also lacked a good showroom which has now been remedied with the lease of the final building. We often sell appliances for 30% to 50% less than our competitors, most of whom are now out of business.

Similarly, used part sales are far from optimized. It has taken more than a year to increase the total dollar amount limitation on eBay to an acceptable level. The last step is getting eBay fully utilized then adding items to both Amazon and a custom web store. Over $10,000 was sold on eBay in April using only half of available listings but this can be increased to $20,000 to $30,000 per month almost immediately with enough manpower to clean, inventory, list and ship these items. By using Amazon and a custom store to list items that are less likely to sell this can be increased even further. Due to these same limitations we don't always remove every part to be sold. Because of the cap it makes no sense to list items that are cheaper or slower to sell when a more expensive or quicker to sell item can take it's place.

And finally, our scrap metal operations are not optimized. In an effort to save manpower and free up space we often sell full units minus their working parts for tin which pays less than other items. By removing all iron, motors, copper and other metals to be sold separately the income derived from scrap metal can be increased significantly.

Expansion & Future Growth

There are a multitude of ways to expand operations and add new revenue with this business. We can add locations, find more sources for appliances, add a delivery truck, add a service truck and technician to do service calls, sell new parts and new appliances, add rent to own financing and more. Many of these are easy to implement with enough capital to get them off the ground. I will be posting a very comprehensive overview of this business soon and full details on these and other options will be discussed there.

Transparency

Every aspect of this business will be fully transparent with updates and reports provided constantly. There will of course be a monthly report but we will be posting consistent updates several times a day to reflect all sales or other income, expenses and anything relevant to the general operation of this business in order to keep all owners well informed on business dealings. If legal I will install security cameras in the showroom so that owners can view transactions as they happen.

This Offer

I am currently selling up to 30% ownership in this new company in the form of actual percentage ownership and equivalent voting rights. Funds will be used for the purchase of the established business from myself and utilized to aggressively grow this business in all areas deemed worthy by the owners.

To keep things simple I am dividing this 30% interest into 300,000 units.

Each unit is .004 BTC (approximately $1.80 at current time) but will be adjusted accordingly if the BTC rate fluctuates more than 10% from it's current position.

Units are just a simplified way to measure ownership percentages per fraction of BTC so less than "one unit" can be purchased but we will need to discuss some things beforehand.

To discuss becoming a partner please PM for fastest response or email webmaster@crowdendeavors.com.

Profit Sharing

Each partner will receive a percentage of all profit with payments being made daily (estimated) and monthly (balancing) in the following manner.

Daily Management Fee

A daily management fee of 10% of the gross income will be shared between all partners based on percent of ownership.

In Addition, I am waiving all management fees owed to me until the point that all other partners have fully recovered their initial capital contribution. For instance, if 10% of the business is sold I will have ownership of 90% of the business and be due 90% of the management fee. Instead, that money will be distributed as profit to all other partners that have not fully recovered their initial capital based on the % of ownership held.

Monthly Distribution

Each month 100% of the total remaining profit will be distributed to all partners based on percentage of ownership.

Of Note

I will perform work as operations manager for no fee until all partners that provided capital contributions have recovered their outlay.

Most issues will be voted on with me abstaining from voting. I plan only to vote if needed to avoid disaster / protect your capital.

The full terms of the purchase agreement of this business by the new company will be discussed in the full overview.

In the distant future I may decide that seeking more capital contributing partners is a good idea but this would be handled by selling some of my percentage in the company and not by diluting your ownership percentages.

I have been in discussions with both a lawyer and CPA to figure out the best structure for this new business but nothing is final yet. Depending on setup there may be differing tax obligations. Feel free to contact for information.

Discounted / Traded Interest

If you are interested in providing capital contributions of .5 BTC or more please contact me to discuss the possibility of a lower rate per unit.

If you are interested in trading services that you feel would benefit this business please contact me to discuss a work for interest situation.

In Conclusion

Again, this is a very brief summary and a very thorough overview will be posted soon. I am fully aware that all pertinent information is not available in this summary and that will be addressed in the overview.

Please feel free to ask any questions. Trolls will be answered only if the response will be of benefit to others.

Please PM or email webmaster@crowdendeavors.com to discuss becoming a partner or anything else you'd like to keep private.

Thank you.

Edit: Changed ticker to [ApplianceStore]

SOLD

Whirlpool washer / dryer set - $275.

Kenmore washer - $100.

Miscellaneous item - $75.

eBay - $17 Paid and $36 unpaid.

Total Collected So Far - $467

Current Showroom Value - $2,500.

Just curious but is there a list of shareholders or shares being sold (overall tally/countdown kinda thing) and how would one exit their holdings at some point in the future should they so choose? Also, what are the tax implications for shareholders be they US citizens or otherwise?

It appears that your document has reached the bandwidth limit. Is there an alternative access location?

I saw your other thread... why do you have costs of 100$ on a day only? I thought you had 4 employed? I guess that should cost way more than that.

Can you post the link to the ebay shop?

^No link to the eBay shop?  Worried that someone might steal your "parting junk washing machines" idea?

So.  Y no link?

Is this the one?

eBay store: http://stores.ebay.com/1stsourceapplianceparts/

APCO Appliance Part Supply (aka 1st Source Servall Appliance Parts, part of a turn-key operation).
5520 Jewella Ave, Shreveport, LA 71109

A friend of mine is actually stationed over at Barksdale AFB, and I'm sure he wouldn't mind paying a visit to see if this is legit.

[ApplianceStore] - For the purchase and growth of an existing, profitable appliance business.

20 Page Business Plan - https://www.dropbox.com/s/p5yui819hcm439j/Business-Plan-Final.pdf

Daily Reports & Payments - https://bitcointalk.org/index.php?topic=615885.0

---

Of Importance

Revenue - $516,000 Per Year - Expected to increase moderately near term and more rapidly over the next 12-18 months.

Expenses - $396,000 Per Year

Detailed information available in the business plan (https://www.dropbox.com/s/p5yui819hcm439j/Business-Plan-Final.pdf).

Transparency - Transparent business operations and constant updates (https://bitcointalk.org/index.php?topic=615885.0).

This Offer

Daily Returns - 10% of daily gross (management fee) is shared between all partners. See reports thread (https://bitcointalk.org/index.php?topic=615885.0) to find past daily dividend amounts.

Monthly Dividend - Profit share is paid monthly with no profit held back.

Bonuses on first 10,000 / 50,000 / 100,000 units. Read below.

300,000 Units - 30% Of Ownership

Full Cost Per Unit - .004 Each

Early Bird Discounts

First 10,000 Units (Group One - 6,262 Left)

.0025 Per Unit
.002 Per Unit @ 250 Or More

+10% Bonus On Monthly Profit Share (details below)

Next 40,000 Units (Group Two - 40,000 Left)

.003 Per Unit
.0025 Per Unit @ 250 Or More

+ 10% Bonus On Monthly Profit Share (details below)

Next 50,000 Units (Group Three - 50,000 Left)

.0035 Per Unit
.003 Per Unit @ 250 Or More

+10% Bonus On Monthly Profit Share (details below)

Bonus Payments

Management Fee Bonus

100% of the management fee will be distributed to partners until 100% of their initial contributions have been recovered.

Example: If one person claimed 1,000 units and no more were sold that person would receive the full 10% of daily gross until their initial contribution was fully recovered. Paid daily.

Profit Share Bonus

The profit share bonus is an additional % of monthly profit set aside for partners and works like this. The first 10,000 units (group one) will split an extra 10% of the total monthly profit until each of those units are break even.

At that point the 10% bonus will be shared with the next 40,000 (group two) units and once those units break even the bonus 10% will be shared with the next 50,000 (group three) units.

Additional Information

Partial Units OK - Start with any amount.

Only the first 100,000 units are guaranteed at .004 or less per unit at this time.

If you provide services that may be beneficial to this business please contact to discuss a trade for interest deal.

Once our growth strategy has proven effective we plan to do a second phase IPO, with no dilution, and offer units at a price of .2 per unit. We expect this to take between 12 and 18 months.

Participate Now

Send BTC To >>> 13c9kuUBBmni1VF3T5Mt1yo1gwBdka3NZ4

Then PM or email to confirm the transaction. Would prefer to return to send address but if notified first will send elsewhere. Unconfirmed transactions will only be returned to the send address.

Contact Us

Questions / Comments Welcome.

Please post, PM or email southernappliance@crowdendeavors.com.

Full Business Plan & Overview (https://www.dropbox.com/s/p5yui819hcm439j/Business-Plan-Final.pdf).

I've got a washer and a dryer I'd like to donate to you.  Where do I drop them off at?

Keep up the good work. I know I'm not the only one who thinks it but you're doing stellar work. Don't throw your back out unloading that 18 wheeler!

Bump

I saw your first post, looked through your history, saw that you were a bitcoin hating troll and ignored you.

Cheers

Well then, I guess I'll be taking my precious fiat elsewhere. :D

Good luck nonetheless, I really admire what you're doing with this operation.  I'm sure it is going to be a huge success!

I figure that the typical part buying process is that they will stumble upon several incorrect items before finding the correct part.  If the # of items on your ebay storefront is limiting potential part sales, would this help?

- adding a message to item descriptions that you have many items than are listed, and to send you a message with the part they're looking for so that you can list it; or
- adding a link to off-ebay website with a list of parts that you typically have (not sure if this violates ebay t&c)

Pretty neat operation, I've done business with a few places like yours, they can do VERY well if they have the right crew/location/model setup.

Updated Note

I just wanted to clear up one thing on this offer. We made all 300,000 units available immediately but we were not expecting to fully fund this venture in the short term. With the unique income sharing structure and the variable value that comes with that we expect potential partners to calculate the value of this offer at the point they consider entry.

We do however plan to increase the value of this company in both the short and long term and prove to everyone that there is enough room to grow this business by many multiples. In doing so we may at some point in the future increase the price on any remaining units.

Those remaining units and any additional units we might sell (from our share, no dilution) would be offered at a higher price. These further offerings would almost certainly be handled on an exchange like Havelock. In fact, we are not opposed to using such a system immediately if and when we are comfortable with how that system handles a few key things. I have scheduled this call to discuss.

After this conversation I may do some restructuring on total units available and when they would be released.

I'm confused whether this venture is called Southern Appliance, YourStore, ApplianceStore, RecycledMoney or what-have-you  ;D

Here's some visualisation of the first 1/2 month of operations.
https://i.imgur.com/WeTxLQa.jpg

Some thoughts:

- It's still early days, but parts revenue is almost negligible, and there is no discernable upward trend
- nowhere close to $20k / month in eBay revenue (assuming that eBay revenue = parts sales), which was expected to be executed in the near-immediate time frame
- what are typical profit margins for appliance and parts sales?
- when is the monthly profit distribution expected?  I assumed it should have been on May 31st.
- I'd second DebitMe's call for a public spreadsheet (google spreadsheet preferred) to track everything - shareholder list, daily tracking, etc.  You are probably keying in the data anyway, so I assume it would incur minimal effort. Improves transparency and easier for us to analyse. 

I have 2 questions;
1. are the shared profits paid out in perpetuity or do the payments stop as soon as investor has made ROI?
2. if investor bought shares today, directly from ipo, and you later offered shares on an exchange such as havelock, could today's investor migrate his shares to havelock and trade them there? would each share retain its % of ownership based on today's rate? for example; if I bought one (1) share today at 0.003 and then 3 months from now you listed a new ipo on havelock selling shares for 0.03, would I be able to migrate my existing shares to havelock (or w/e exchange) and sell them at the new higher rate or would they be considered different/fractional?

I guess I am asking, what are my long range prospects, and what sort of exit strategies do I have?

I need more information.

I need your real world identity, background, etc. and The name and address of this business, who you purchased it from.

also, if you wish to list on havelock, you must incorporate first. I would like to see this documentation, if it exists, as well.

I think it is odd that you keep these infos secret and would need to see before I could consider investing.

then he shouldn't anonymously accept bitcoins for HIS real world business, should he ?
he can't have it both ways. well he can. you "investors" will keep paying.

You shouldn't invest, would lower my dividends :P

If someone else "invests", your dividends go down?  How's that?

Management Fee Bonus

100% of the management fee will be distributed to partners until 100% of their initial contributions have been recovered.

Example: If one person claimed 1,000 units and no more were sold that person would receive the full 10% of daily gross until their initial contribution was fully recovered. Paid daily.

Thanks; the floating rate relieves some of my pain.

Not sure if you missed my previous question: When is the monthly profit distribution expected?  I assumed it should have been at month end (ie May 31st).  Or would it be on 17th of each month?

Any progress on the public spreadsheets?

Sounds good, keep up the goodwork!  So far really happy with this investment, you are doing a great job of informing the community and keeping people up to date (I understand if a day or two is missed here or there, heck I would be happy with weekly updates, but daily is above and beyond)

Keep it up!

Damnit :/
60 btc is like what, 30k shares? that makes my dividend 1/3 -.-

Damnit :/
60 btc is like what, 30k shares? that makes my dividend 1/3 -.-

Little hit now, lot of help in the near future. We are already putting things in motion that were on hold so stand tight. :)

... We are already putting things in motion that were on hold so stand tight. :)

...
Cant wait to see :)

Ok, guys. It seems this finally turns out to be a scam. I wanted to check the ebay sales and found that no sales were done since october 22nd. http://www.ebay.com/sch/threadshirts/m.html?_nkw=&_armrs=1&_ipg=&_from=&LH_Complete=1&LH_Sold=1&rt=nc

I checked the items that are offered now and zero items are offered.

I posted this on the internal forum and now, a couple hours later, the domain is suspended.

If this really is a scam then it would have been made very easy on him. Claiming to be the biggest store in 12km in Shreveport and no one bothered to check? Or did the business go wrong?

I guess since the issuer is the same for the xxxprofit projects that it might mean those incomes are gone too now.

Bitcoin business as usual... :( Lets hope he goes the pirate-way... to jail... or can he really come up with a good explaination?

Will be pushing him this week to get his act together; otherwise I will be releasing his personal information so that people can seek to be made whole financially in whatever way they see fit. If I choose to do so, that is my prerogative and I will do so when I feel the time is appropriate.

Not happy with him myself; I still have yet to recoup my initial investment.

Did anyone else recieve a flurry of dividends yesterday? I got like a weeks worth of dividends ???

He did this a few weeks ago to. Doesn't make a lot of sense

Were you the one with his docs?  Can you share with other investors so that we can figure out what the heck is going on and start finding ways to get our money back?

Per my comments earlier, I'm extremely disappointed with the lack of communication by ABitInterested. I do not want the responsibility of being the only one to hold is IRL identity. I'm one of the few people to which he disclosed his identity but the complete lack of updates, not returning my calls, and general lack of communication forces me to release his information in order for those who invested in him to get in contact with him. It's not fair, at this point, for me to be the one withholding it; he is the one violating the contract with his shareholders here.

If you are a shareholder, and you would like the pertinent information, please PM me with some sort of proof that you're a shareholder (comment from one of the threads from a while ago or something of the sort). I reserve the right to provide this to whomever I choose and to withhold at my discretion.

-2070

You should make his info public in order to make it harder for him to devise another scam targeting others.

If I thought it was an out-and-out scam, I would. However, I genuinely believe that he is overworked and took on far too much for his plate. He works long hours at the store and had grand visions for the companies; however, these take time and time is something he is/was very short on.

If I thought it was an out-and-out scam, I would. However, I genuinely believe that he is overworked and took on far too much for his plate. He works long hours at the store and had grand visions for the companies; however, these take time and time is something he is/was very short on.

That may be true, but he still has stolen a lot of money from people.  I think someone invested like 60 btc a while back.  He has shared the contact info with me and I will look into this and do my own due diligence and contact some authorities, if deemed necessary, I will share his dox.

I think someone invested like 60 btc a while back.

...he made a fb post asking for prayers for his grandpa etc...He has a wife and several young kids...

...Im not sure if it's possible to find the building through google maps. I tried, but shreveport seems too big to have a chance to find it so easy...