Hello friends!
The Spotted Owl is a fun, quirky B&B with environmentally
friendly philosophies that strives to support all things local. You can read
more in depth about our mission in our business plan, which we would love to
share with you! The Spotted Owl will be hosting a "meet and greet" on Dec. 29 and Jan. 5 at 3 p.m. The meeting will be held at he future B&B site: 2035 Dinnerbell Five Forks Rd, Farmington PA 15437. These events are open to anyone who may be interested in our investment options. We will be going over our business plan, answering any questions you may have, and giving a tour of the site. Come check it out and pass the word to anyone you think might like to become an investor!
We have been receiving a lot of emails asking for more information
about our investor options. Here are some frequently asked questions and their
answers:
Q. Is there a minimum I can invest? Are there
benefits to investing more?
A. No, there is
no minimum investment amount. However, there are some perks for those investing
more than $10,000. These investors will receive 1 free room night per year as
long as the company is in operation. These can be redeemed by family and
friends with investor consent. These room nights do not expire and will
rollover to the following year. These investors will also receive 10% off
regular rates for room stays and weddings or special event rentals, with no
limitation on the amount of use. ALL
investor feedback is important to us. Regardless of contribution amount, all of
our investors will be invited to attend regular board meetings where they can
receive company financial updates and share their opinions and suggestions.
Q. Am I purchasing equity in the company?
A. No, at this
time we are not selling equity or stock in the company. Equity investing
carries a lot of risk, and since we are targeting people we care about we want
you to have a guarantee on your return. Our investors act more as personal
lenders working with a high interest rate. All of our agreements are secured
with a promissory note. Another factor
in the decision to not currently sell equity in the company was the problem of
how to price it. Since our financial projections are based on very conservative
numbers, we didn’t want to overvalue or undervalue our equity shares. Our early
investors will have the first option to buy stock when it becomes available. At
that time, investors who are still due payment will have the option to apply
their owed balance towards the purchase of equity if they so desire.
Q. When will I receive payment?
A. The term of
the loan will vary with the amount of the investment, with all balances due
paid in full within five years. Each year a portion of the profits will be
applied to investor repayment, so the amount paid will vary by year. 20% interest
will be applied 90 days after the agreement is made, so you will receive the
full return regardless of early payoff.
We are delaying the interest for 90 days only in the event that there is
some unforeseen problem with the site when we begin renovations.
Q. How much are you raising?
A. Between
ourselves and our investors, we are hoping to raise a total between $52,000 and
$72,000.
Hope this helps!
Feel free to call Jamie at (724) 329-0159 or email Jamie@spottedowlbnb.com with any other questions you may have.
Thanks friends!
-Jamie & Wes
No comments:
Post a Comment