Results 1 to 10 of 10
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11-09-2020, 03:04 PM #1
- Join Date
- Feb 2017
- Posts
- 3,416
Weirdest Business
What's the weirdest or most "interesting" business that you've ever been involved with funding?
My new record came in the last few weeks. We're arranging $200k in personal loans for a company that sells frozen deer urine to help hunters.
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11-10-2020, 12:28 PM #2
- Join Date
- Aug 2017
- Posts
- 249
I think that takes the prize... I had a company selling camel milk for $20 per pint.
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11-10-2020, 12:29 PM #3
- Join Date
- Jun 2015
- Posts
- 3,321
someone that was renting out chickens was weirdest i ever had
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11-10-2020, 12:53 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,481
The business is interesting, the weird part of the deal was I told the owners to walk away from the deal. At the time they were doing about $3mil in revenue and growing quickly. I was hired as their advisor to seek capital for marketing/growth. They did not want any debt on their books so we entertained equity partners. They were offered $3Mil for a 30% equity ownership in the business from a Family Office who had an investor that was one of the larger distributors in the industry. After a few negotiation, I advise they walk away, obtain small LOC to help with cash flow, an grow the business on their own. Fast forward 8 years.... $100Mil business that sold for 10x revenue. They kept their ownership throughout the entire lifecycle of the business. My comp was cash for advisor fees/success fees with a tiny equity kicker if I kept the cash fees low.
Sometimes the best deals are the ones you walk away from.......Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-11-2020, 03:53 PM #5
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11-11-2020, 04:04 PM #6
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
I had dom hotline recently. Lady was bringing in crazy revenue too. Just weird to me people pay and actually enjoy **** like that lol
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11-17-2020, 08:44 AM #7
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
Wow! I thought I had a unique one (gentlemens club) but after reading this thread I feel like a Plain Jane.
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11-17-2020, 08:45 AM #8
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
McDonaldTrump, did you conduct a site inspection?
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11-17-2020, 09:46 AM #9
- Join Date
- Apr 2013
- Posts
- 245
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11-17-2020, 01:58 PM #10
- Join Date
- Feb 2017
- Posts
- 3,416
Just remembered that I was involved with the companies that own camping.com
Also was involved with another company that is providing a platform for the competitive video game (e-sports).
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