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London entepreneur turns to Ebay to raise seed funding!
Added: (Mon Mar 27 2006)
For Immediate Release
Own a share in a South London Internet Caf� for only �75.00!
A cash-strapped entrepreneur from South London is using eBay to try and raise a shortfall of between �7,500 and �15,000 pounds needed to open an Internet Caf� near the Oval.
The unique funding proposition sees the owner giving 5% of the revenue from 1 PC to each of 100 people who provide initial funding to the venture. Those who buy a share will be entitled to the revenue for 5 years and should make a big return on their investment even if the cybercaf� only operates a 20% of its capacity.
If 90% capacity is maintained over 5 years then investors would stand to bank a total return of over �1350.00 � more than 17 times their initial investment!
Saif Bonar, the entrepreneur behind the innovative fundraising idea hopes to raise the cash by the end of the week and open the premises, on Brixton Road, SW9 by the end of April.
Saif has lived in London, SW9 since 1985. He went to school and has worked locally. He hopes to run the caf� with a strong social ethos, offering discounts to the elderly, disabled, local students and youth.
There will be PCs with screen readers and other assistive technology for the disabled and a selection of sweet and savoury snacks will be available to customers.
Bidding has started now at only �75.00 per share, there are only 6 days left so get over to EBay and trying bagging yourself a bargain before all 100 shares are gone!
More info available on E-Bay UK
(In the section: Business> Business for Sale> Retail )
Link: http://cgi.ebay.co.uk/Invest-in-Internet-Cafe-Make-money-for-5-years_W0QQitemZ7604319556QQcategoryZ11761QQrdZ1QQcmdZViewItem
Media Contact:
Saif Bonar
+44 870 199 5764
+44 7966 960 625