More time is needed in acquisition process in order for me to make this company a success

“I can make this thing into a superstar if given the proper runway. ”
— Jared Jester
“Please give me more time to pull this deal togethjer and to make us all more money”
— Jared Jester
“A refresh and rebrand will allow us to efficiently deliver opon several initiatives towards profitability.”
— Jared Jester

  • Using what has already been accomplished and learned to leverage a richer market pemnetration and add value to existing model and relationships.

  • Use revenues generated from Home Depot Contract and others under ESCOGO (32 ounce) to sustain operation for period of 6 months.

  • 6 month timeframe will allow Jared Jester to generate the revenues and successes needed to garner a higher valuation and to raise the capital needed for purchase.

  • Offer current staff opportunity to participate in ownership scenario. This tio incentivize to stay involved with S.I.T.G.

Questions

  • How many members are currently involved?

  • What percent ownership does each member or LLC represent? 

  • Is there an appetite, by any of the members, to invest more capital for a rebrand and growth phase?

  • Is Ethan a member or does he own shares?

  • Is the company self-sustaining on the home depot, contract alone? 

  • What would be the company’s current valuation?

  • Are you willing to maintain current operations for six more months?

Current concerns and issues

  • Current numbers do not demonstrate enough profitability to justify acquisition, as is, from an economic standpoint.

  • Cannot get the money together, that is being requested, for purchase.

  • Future facility and commercial space availability for South Carolina operation.

  • Having a firm grasp on the moving parts, comprehensibly. 

Significant potential / optimistic outlook

  • Significant potential with three additional SKU‘s. 

  • Rebrand and return to market initiative.

  • Reduced volume and higher margin model with 16 ounce bottle. 

  • Bagasse based bottle for plant-based packaging solution.

  • Bring to market, moonshine, charcoal, briquettes, and or whomp.

  • Introduce biomass, starter cubes

  • Create ingredient to be used with other biomass ingredients to make fire pit pellet blend.

Having scrutinized the notion of taking over another, barely profitable operation, I still feel as though it is the right thing to do. To that point, raising money for another entity, while simultaneously, raising capital for an existing start up, has proven overzealous in the immediate term. I would like to make a formal request to extend closing in order to facilitate a revised model, that includes at least two more SKU’S and attain more profitability while making the company more valuable and easier to raise capital.

This will allow for an increase in the company valuation and momentum, which will make it easier to expedite a transition to South Carolina. I am hopeful that most of the existing membership will stay in tact and on board to this revised request. If so, would like to structure a pathway to ownership that allows the companies, growth and future investment, in the acquisition process, to benefit all involved.