UK Investment Proposal - Seeking Investors, Sponsors, Backers.
I have experience with banking and finance and associations with a number of leading investment banks, bankers (including those with several managing directorships), etc.
Through my associations I have developed a scheme that creates a unique and reputable cashback programme for buyers of high value items.
I also have a social agenda to solve the problems of road traffic congestion and atmospheric pollution by encouraging effective and acceptable alternatives to use of cars.
Combining my interests I recently conceived of a way to encourage more people to buy motorbikes and scooters from any supplier by bringing together a number of financial products and making use of government tax incentive programmes in a unique process of financial management.
The end effect of this process is that a customer will be making an investment in a secure fund rather than a purchase, the fund then makes the purchase and the buyer gets the bike, while the balance of funds will go into long term deposit to recoup the purchase price. The tax benefit is immediate and the cashback comes in 5-10 years, while the buyer has the bike right away.
It can apply to many other fields and presents a unique opportunity to establish a new service for existing industries. Not applicable to every product nor do I intend it to be, some elements will remain strictly confidential to avoid any piracy.
I am currently seeking a minimum fund of cash to serve the completion of the concept, ensure that all financial elements are correct, secure and workable, ensure the tax benefit can be obtained, and establish the management facility to promote the service and deal with all clients. This will amount to upto £250,000. However, as this has enormous potential worldwide I am open to funding of upto £10 million, which can also be secured using the same cashback scheme - no loss of principal capital.
There are currently approx. 100,000 bike sales a year in the UK. I suggest this scheme is appropriate to the majority of them, although my own ideal is to use the scheme to increase the number of bike sales rather than merely replace existing sales programmes. Even a minimal
10% of market share will produce upto £100M cash throughput on the system (10,000 bikes x £10,000 deposit each), after all costs and overheads this will earn a clear 0.5% profit for investor recoupment.The primary market is most likely to be middle aged high net worth individuals wanting more "freedom" of the road and to rebel after years of hard work. These customers have higher disposable income and still enough sense not to waste it. A cashback-investment scheme will suit them perfectly, especially with the added benefit of tax recoupment in the first year. This is similarly appropriate to those with younger children, pre-teen interested in bikes, where a 10 year cashback payout means a little extra money towards college expenses when their children reach that age - "invest" in a bike at aged 8, payout at age 18.
Approaches are being made to leading manufacturers for their participation in and adoption of the scheme, but I do not believe that at this early a stage they will show much enthusiasm. The leading national motorcycle magazine has responded with some interest, but again needs more substance to convince them, hence the requirement for outside funding.
I do not have a full business plan for this scheme, nor is one intended, past experience has shown that it is better to launch a business rather than spend months writing a plan for one. A web site has been prepared and if you wish to discuss this and the concept further then let me know.
My previous background has been in project management at Manchester University on a small internet start-up several years ago, so I have past experience managing a small development team to put the online management systems in place and a good idea of the costs, hence the initial budget requirement.
Subsequent experience involved various aspects of the finance industry.
Apart from any interested investor I am looking for sponsors and others, including celebrities, to endorse the scheme and add further credibility in the public eye.
If you want to get involved in this then let me know.
Regards, Michael Bond Founder, Free-Wheels.Biz