Home Shopping Channel

Business Summary:
A growing home shopping network business that offers matchless values in collectable products. In under two years of operations the shopping channel has grown from a modest 70k sales from 8/06 to 12/06 to over three million for year ending 2007. The first quarter of 08 has produced over 1.25 million in sales and the month of April will exceed 600k for the month. Projection for 08 is expected to exceed seven million based on twelve hours broadcast time per week. The business began broadcasting six hours per week from start to Dec. of 2007. They increased the air time to nine hours per week in Jan. & Feb. of 08 and have just added three more hours for a total of twelve hours per week. The goal is to build to 40 hours of air time per week. To accomplish this goal the owners are looking for a buyer to purchase up to 50% of the business for the asking price of 1.2 million and provide a line of credit of 1 million dollars to be used as or if needed for growth and repaid at 10% interest. Buyer can be active or inactive.