New England was once home to some of the nation's greatest wholesale marketplaces, which generated tremendous profit for the market makers and nurtured hundreds of sales reps and young businesses that flourished in these marketplace eco-systems.
Our senior partner designed, built and managed these 100k-200k sq ft trade center marketplaces for the apparel industry, gifts industry and international antiques industry. What we are developing is the same model for the renewable energy industry.
This iteration includes sales reps, plus all the new technology products being developed at universities, renewable and sustainability services offered by experts and consultants and reps from overseas (mostly Europe), where the technology and market penetration is 10 years ahead of the US.
The business economics comes from ''sub-letting'' floor space in long-term agreements to companies so each can operate from a small, individual showroom, then inviting groups of qualified buyers (up to 500 at a time) who pay a tickets for a full day of education and sales appointments, in addition to using the space for related classes and cocktail events. The third profit center is managing a database with the buyer interests of all the visitors, and leveraging that information for sales, financial services and other commercial providers who want to use the info to gain new clients.
The bad economy took our principal investor from us and we are seeking new partners to bring the plan to fruition. LOI agreements to host, furnish, fill the space with members and the calendar with events are in place, and some equity has been sold to fund working capital to launch. The financing required is largely balance sheet support to be able to to lease all the equipment.
This business should be of interest to real estate investors, renewable project finance investors, trade show operators, energy companies, as well as marketing companies.
This is a 10X investment opportunity.