24/7 Self Serve & Automatic Car Wash [Read More]
A note is a financial security that generally has a longer term than a bill but a shorter term than a bond.
October 30, 2018
January 29, 2019
We are seeking to raise a minimum of $10,000 and up to $107,000 in this offering through Regulation Crowdfunding. Upon a full raise the first $10,000 will be used to increase marketing our of business by purchasing the startengine full service product and used for compliance by getting a CPA review. We will also pay our accountant and legal contractors the amounts owed (above). We will then spend the remainder of our raise on land/building/equipment needed for the business, with the exception of
$10k which will be set aside for an additional capital raise in the future. If we manage to raise our total amount of $107,000, we believe the amount will allow the business to operate debt free and be profitable in the first year. The largest portion is the upfront capital expenses of land, construction of the building and the car wash equipment. The debt we currently have is contingent upon a successful raise of $107k, for which Kyle McClure, CPA and David Wisniewski will be paid $1.5k and $15k respectively for their services to the company. This debt is interest free with no maturity date and, as stated above, will be paid in full upon a successful initial raise of $107k.
Founder & CEO, Manager
Donna has over 10 years of experience managing nationally known franchises. She is currently is a general manager with Starbucks and has been since 2016 (primary job). She chose Starbucks because it allowed her to work a full-time 40 hour week close to home. This gave her the time to spend the 20 hours a week building D&M Car Wash. Previously she worked at The Rose Group as the general manager from 2012 to 2016, she has been responsible for P&L on units that gross over 2MM a year. Prior to working for The Rose Group, she successfully owned and operated a small business that she sold after increasing the revenue by over 100%. She has learned to develop a wide array of skills and unique problem-solving abilities which are crucial to making a startup succeed. She has managed new store launches starting at the construction process, through to opening and running locations with as many as 60 employees reporting to her. Donna's broad experience in retail, market growth, business and brand building will help make D&M Group an innovator in the car wash sector. Donna has been the CEO, Founder, and Manager of D&M Group since March of 2018.
Investment Multiple: 137.5% of initial investment
Revenue Sharing Percentage: 20.0% of the gross revenue of the Company calculated on a cash basis (excluding any revenue attributable to rebates or refunds received in cash by the Company with respect to any prior expenses incurred by the Company.)
Initial Grace Period: 12 months (number of months after final Closing after which Periodic Payments begin)
Maturity Date: 60 months after the Initial Grace Period (number of months after Initial Grace Period upon which any unpaid Amount Due becomes due.)
Payment Period: Every 3 months, following the Initial Grace Period