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MARKETPLACE Take my Business for Free!

Discussion in 'Fastlane Marketplace' started by throttleforward, Oct 22, 2016.

  1. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    Some of you may know that I took an INE and created www.ValueCrates.com

    We were featured on MSNBC, invited to audition for Shark Tank, and have a number of partnership agreements with large property management companies.

    Unfortunately, a number of circumstances have led to be being unable to continue the business. I seriously injured my shoulder and will likely require surgery, my partner (an Army National Guard officer) began a year long deployment to the Middle East on Wednesday, and I am frankly undercapitalized to spend my way out of this problem. The business makes money, but not quite enough to pay a full time employee or replace my Washington DC salary requirement. Due to my personal financial situation, I had to return to a day job to support my family, and thus am unable to work on the business full-time myself (as I did over the summer).

    So, I'm happily giving my business (including 2,600 crates) to anyone who wants to take it. You get rights to all the IP, my agreements, my investor contacts, the bank agreement which has allowed me to lease-to-own my crates, my Facebook re-marketing pixel data, any anything else you'd need. If you're willing to work hard and have either a small sum of money or fairly low monthly living expenses, I think you could turn this into a multi-million dollar, nationally franchised concept.

    Please let me know soon, before I sell the crates to a competitor or give them back to the bank. Thanks!
     
  2. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Sorry to hear this man -- why can't you sell the crates?
     
    Kingmaker, FastNAwesome and devine like this.
  3. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    I can, but it is piecemeal (just sold 400 to a moving company). Thought I'd give someone here an opportunity to take it before selling them all off.
     
  4. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    Sorry to hear this too. Hope your shoulder gets sorted.
     
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  5. juan917
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    juan917 Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Can all those crates fit into a living room? My living room is currently empty might as well go for it if I have the space for the inventory
     
  6. GPM
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    GPM Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Man sorry to hear about that. Loved meeting you earlier in the year and seeing that light in your eye was really motivational. Hope it all gets sorted and you get healthy again, no one needs an injury.
     
  7. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    Thanks - the MRI showed 4 different problems...we are going to try to avoid surgery, but needless to say hauling hundreds of pounds of crates isn't/wasn't helping!
     
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  8. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    It'd have to be a pretty big living room - we were using a 10x30 space, plus a 10x10 space and some extra space in my apartment.
     
  9. Goldman snacks
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    Goldman snacks Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Can it be operated from NYC?
     
  10. David Kotevski
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    David Kotevski Contributor

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    Hi I live in Chicago and was previously a mover and know the potential of this business and would gladly invest my time to make this succeed, upon reviewing your website don't even know why you would give away such a great idea as this will easily replace the old fashioned moving boxes and be a great contender in this industry.

    You can pm for further details to discuss more if you like and go from there ?
     
  11. thecza
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    thecza New Contributor

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    I'm incredibly interested in the business; how can I take you up on the offer?
     
  12. exclusives88
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    exclusives88 Silver Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    Sorry to hear Adam! Giving this away is very generous. I know you worked hard to get it where it is today. At least take 20 percent equity in case it does become a multi million dollar company. I would think transitioning this to someone in the DMV is best as you have existing customers?
     
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  13. David Kotevski
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    David Kotevski Contributor

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    I also did some numbers and to really scale this it would have to be near the 50,000 container mark with 500 customers monthly to put it in a gross of 500k+ revenue and average 20-30℅roi is still a crazy business in a few months when word really gets out.
     
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  14. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    That's about right. If you have the money to run ads, have an employee or two and stay on top of customer service you can get there. We did around 80 deliveries/mo on word of mouth and with me doing most of the work in the Spring. Didn't even touch the agreements with property management companies or running ads..never had the time or money.
     
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  15. DillanE
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    DillanE Contributor

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    I see this has been sitting awhile. I truly hope it doesn't get swept under the rug! Good luck sir!
     
    Last edited: Nov 29, 2016
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  16. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    I had some interest from some folks here, but no follow-up discussions. I'm in the process of getting the bank's approval to sell the remainder of the crates. Until I actually sell them, anyone who wants to can immediately take them under my existing lease agreement.
     
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  17. fhs8
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    fhs8 Bronze Contributor Speedway Pass

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    I think that the business is a bad idea. Moving companies can offer the same service and more. Home Depot has cardboard boxes for $1 in different sizes and you get to keep them. They are going to Home Depot anyways to buy foam/paper for plates and glassware.

    Then there's the constant advertising needed to tell people that you exist. Conversion rate should be low since you can't market to people directly searching for the service you provide. They will typically just look for moving/storage companies.

    If the business is a good idea then why not keep the business and find a family member to help you out? Or hire someone. You've been in business for over a year. Why not hire just one guy to work part time? If you can't do that after operating with no employee expenses then something is seriously wrong.
     
    Last edited: Nov 30, 2016
  18. throttleforward
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    throttleforward Platinum Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    I won't go through a point by point refutation of your argument, but I will say this:
    Businesses are run by humans, with every imaginable personal and financial situation. My personal situation was such that I chose to prioritize other areas of my life (namely health and family) over continuing to grow this business to the point of self sustainability. To flippantly suggest that I had not considered or tried to do what you suggest is aggravating, to say the least.
     
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