Company overview -
Explore Daily Exotic's mission is to change the way people experience exotic cars by providing the largest private members supercar club, exclusive events, lifestyle concierge service, and use the world as our playground. We pride ourselves on our customer service and ability to flex with our clients’ needs/desires. Over 70% of Exotic cars are leased today, which equals a min of $100k spent by the person leasing and limited miles. This business model is ready for a company to challenge the norm and disrupt it. EDE is that company and offers a membership platform (annual and monthly) where clients have access to over $1.5 million worth of cars (look to grow to $5 million) without the cost of ownership and at a reduced amount compared to a lease. Why lease one car when over 90% of Exotic car owners state they are bored of their cars after 90-days and looking to trade-in for something new?
Our company also provides our clients with a network of like-minded people and gives them access to people in other industries - networking at a high-level. Besides cars, our business does include private events for our members, exclusive car events with dealerships, and much more. We currently have customers waiting to sign up for our platform and this due to spending over $50K on market research, which allowed us to understand our target market/clientele.
Funding/Capital: We are seeking $1 million to secure assets for the business.
Revenue and Margin/ROI: Based on demand and limiting the number of members, our
net margin is over 30% with a six-figure return. We plan to limit the number of members to ensure we provide a top-notch experience, gain feedback from our clients on improvements, and ensure we provide flexibility for all our clients when looking to use a car. Projected revenue is over
$2.1 million.
Customers/Demographics: