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Someone has Offered to invest in my nursery!!!!!WOW!!!

10 replies

Katymac · 09/08/2007 12:48

I'm not sure it's a good deal but I am very excited none-the-less

Wow

It's only £30K - I need £50 but wow,wow,wow

I possibly won't go for it as he wants too much equity. But it is still very exciting

OP posts:
FlameBatfink · 09/08/2007 12:52
Grin
Katymac · 09/08/2007 13:05

I know it's so exciting isn't it

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FlameBatfink · 09/08/2007 13:08

Not at all sad!!! Tis your big dream - If anything I am the sad one because I sit following said dream online

lulumama · 09/08/2007 13:08

how fantastic ! shows that people have faith in you...negotiate with him ...

MaureenMLove · 09/08/2007 13:14

Brilliant news! Negotiate, you've got nothing to loose! I so wish I was closer to you, I'd help in a shot.

Katymac · 09/08/2007 13:27

I am going too

I have spoken to my dad & I am coming up with an alternative offer

He wants 37.5% for a 16.6% stake.....cheeky

But I think I threw him when I said I was financially naive

OP posts:
Katymac · 09/08/2007 15:30

Is this rude??

It's to give to the investor

"Equity share for the nursery@walnutcorner

Things Katymac is bringing to nursery@walnutcorner:

? £30,000 of my own money
? £25,000 long term loan from my parents (but he has made me sign a loan agreement - the rotter)
? £15,000 Asset finance from Lombard
? £28,000 business loan from Natwest secured on the un-mortgaged part of my house
? £32,000 unsecured business loan from Natwest.
? 4 years management experience in a childcare setting
? NVQ3 in Early Years Childcare and Education
? Core staff (already trained and motivated)
? Variety of training courses (including Food Hyigene, first Aid and Birth to Three ? these are legislative requirements)

Financially these add up to £130,000 (72%) of a business needing £180,000. However my input far exceeds the financial outlay.

Investors input to the business

? £30,000
? Some marketing/advertising experience (not quantified)
? Some general business/staffing experience (not quantified)
? Website (reasonably website up & running for about £2,000-3,000)"

Or is it a bit confrontational??

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Katymac · 09/08/2007 21:55

My Dad came up with this idea

"Ratchet deal

7.5 %age interest pa, Repayment period 5 yrs

After 5 yrs 5% residual interest in company with right to buyout based on independent valuation

But if I fail to meet repayment, then after 5 yrs 20% residual interest in company (increasing by 3% per year that I failed to meet the repayment terms)"

Do you think that will work? He might go for it?

OP posts:
Katymac · 10/08/2007 07:56

No-one has any thoughts?

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Katymac · 10/08/2007 15:28

Look at this here

WOW I am so speaking to them

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