| Empress Jewelries Funding Proposal
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Introduction:
Empress Jewelries, a company that specializes in high quality Jewelry Design was founded by professional jeweler Sharon Oblitey. Over the past 10 years she has built a successful business designing and selling one of a kind high quality jewelry. The company has also established a thriving distribution network for supplying raw materials, (gold, silver, diamonds) to the independent artist industry and business entities throughout the country.
General Information:
Name: Empress Jewelries
Business Concept & Mission:
Because of suppler issues, Empress Jewelries has become an independent and licensed buyer of precious materials, (gold, silver, diamonds). By eliminating the secondary source, (middleman), Empress Jewelries will now have an opportunity to create a more sustainable business with a very evident growth potential.
Project Description:
September of 2019, owner Sharon Oblitey, traveled to Accra, Ghana and purchased 300 bars, 195 kilograms of 24 karat gold bullion. The total price invested, $3,450,000.
Unexpected administrative costs, permit costs and over runs of the original budget and the additional costs of The Covid Epidemic prevented the release and delivery of our purchase and the return home of owner Sharon Oblitey.
Project Budget:
Purchase Price: $3,450,000.00
Minerals Commission Fee: $22,300.00
Customs Fees: $135,000.00
Transport & Insurance Fee: $33,800.00
Yellow Tagging Deposit Fee: $82,551.00
Yellow Tagging Balance: $68,606.00
Storage & Security Costs: $29,900.00
Living Expenses: $25,000.00
Funding Needed: $100,000.00
Additional Paperwork, Documentation & Correspondence available to all interested parties.
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