D&M Group
24/7 Self Serve & Automatic Car Wash
Small OPO
Philadelphia, PA
Retail
Accepting International Investment
Car Wash Made Convenient
Invest in D & M Car Wash
Our carwash will be convenient to busy customers with no sales pressure and also be a model of environmental conservation.
We start with a critical competitive edge: there is no competitor of which we're aware in a section of the Greater Philadelphia area that offers a 24-hour, automatic and self-serve combination car wash.
Our competitors primarily consist of "event washes". We define "event washes" as self-serve, lube+wash, gas+wash and friction washes. Currently, greater Philadelphia area customers must plan for significant time and/or effort to get a quality car wash. We plan to be able to capture many more customers when the competition is closed. We believe our positioning in these areas will be very hard to match if we maintain our focus on customer service, speed, quality and reliability.
D&M Car Wash will provide a great wash at a better value than competing washes. Employee expenses are minimal, so pricing can be slightly less than the competition. The wash will also be an entertainment experience that will have sights like “Hot Lava Wax” and flavored smelling soaps. The entire location will be well lit, with LED lighting that will provide a welcoming environment.
The Offering
INVESTMENT OPPORTUNITY
Revenue Sharing Promissory Notes
Investment Multiple (Return) : 137.5% of initial investment
Revenue Sharing Percentage: 20.0% of the gross revenue of the Company calculated on a cash basis.
In other words, your investment will be returned from a 20% share of D&M's future gross revenue calculated on a cash basis.
Initial Grace Period: 12 months
Maturity Date: 60 months after the Initial Grace Period
Payment Period: Every 3 months, following the Initial Grace Period
Development Stage
This project requires a large upfront capital investment, and we want to clarify that construction is not complete and the company is pre-revenue. The founder will contribute an additional $25k upon raising $500k and $25k upon the raising of $775k. Real estate locations of new construction opportunities, as well as existing locations that could be upgraded, have been researched. We have communicated with manufactures and distributors during this process also. With this round we plan to complete the building and equipment installation, which we do not anticipate occurring until December 2018. At this point the company will begin operations.
Our Building Blocks
Sales in our business are based on client service because it is a repeat business. We will ensure the following elements are the building blocks of our sales strategy:
Service
- 24-hour service availability
- Quality service at good value (attendants on duty at busiest times, who are always focused on customer satisfaction)
- Reliability in all seasons/weather.
Competition
- 1-, 3- and 6-miles away - more expensive tunnel-type wash, plus tipping of employees
- Limited operating hours - majority of the day with no wash options
- Old, worn buildings - poor signage and limited visibility
Our Advantages
- Intensive marketing plan
- Newest technology for sales, providing experiential wash
- Proven equipment in thousands of washes globally
- We can monitor and solve mechanical issues remotely
- Low overhead through electrical and water efficiency
Business Model
We wish to accomplish:
- All-season location increases car washing frequency
- 8 million cars served daily at 36k self serve and 58k automatics
- Runs 24 hours a day with one employee
- Completely automated or the customer performs the work
Our Products
D&M Car Wash will provide four services to its customers using a drive-up digital kiosk that allows customers to buy up additional services. We believe this technology will allow the opportunity to increase revenue by allowing customers to upgrade the wash package they have selected with any additional wash functions they may like to purchase. This allows the customer to have complete customization of their wash. All of this service is offered in a no-pressure sales environment, where the customer has the power of choice. If one third of customers choose buy-up options, it can increase revenue by 10-20%.
The sales strategy is to provide a great product at a reasonable cost. Customers will not feel pressured, because they will make their purchases at the drive up display screen that clearly shows all their options. This allows for up-selling in a way that puts the customer in control. Samsung Pay and Apple Pay will also be accepted in order to make the process as easy as possible for our customers. There are low switching costs in the car washing industry, so we have to work hard to develop and keep repeat customers.
Relative Autonomy – At a self-serve or automatic car wash, either the customer or equipment performs the labor, thereby eliminating the need for many employees. Generally, it only takes one worker to maintain and clean a site throughout busier parts of the day and to keep the operation running smoothly.
Easy to Manage – From an operator’s standpoint, a car wash is relatively easy to run in that there are few personnel issues, minimal product inventories, and few maintenance requirements. Additionally, cash flow is not a problem since there are no accounts receivable or personal checks.
Low Cost – A car wash has low direct operating costs, and fixed costs, such as insurance and bookkeeping, are minimal.
High Yield – The factors listed above, combined with 24/7, all-season demand, expansion opportunities, and tax incentives can make a car wash a profitable enterprise.
How Our Service is Different From the Rest
We will differentiate our brand by being part of the large local community. We will participate by:
- Fundraising using gift card programs with local sports programs, scouts, etc
- Grace for vets (free wash on veterans day for vets)
- Host a classic car club and/or food truck on days that have been identified as being lower volume
- Sponsor a little league team to advertise on shirts
- Cross promote with businesses that are established in the neighborhood
- Donate branded baskets to local fundraisers
The local Philadelphia area population is large but we will be known as a community company.
The local market will be in the thriving area of Greater Philadelphia. D&M Car Wash segments its customers by type of car ownership. We believe that the type of car that a person owns says volumes about their driving, and therefore their car washing and detailing requirements. The car wash business model, industry and demographics of the area have been researched thoroughly. Below are the results of our research.
- New car owners: Owners of newer cars are most likely to use a touch free car washing service, because there is no chance their vehicle will be scratched or damaged. We believe these owners take huge pride in their new cars and will often bring them to the wash service. The goal with these customers is to promote regular use of the wash service. The aim is to inform these customers that D&M Car Wash will keep their car looking as good as it was looking the day they drove it off the lot.
- Older luxury car owners: These people have either owned their high-end luxury cars for several years or are unable to afford the expense of a new luxury car but want the feel of relaxed driving. We believe both of these groups want to keep their cars in the best shape possible. Those who have bought second-hand cars will often spend many hours in their cars and will place high importance on keeping their cars looking good. We believe these owners will bring their cars in for regular washes also.
- Sports car owners: These people are often younger or middle-aged men and will often regard the look of their car as important. We believe they will also most likely pride themselves on the look of their car and will often have their car washed weekly.
- Lifetime owners: Many of these people have owned their cars for more than five or six years and are more likely to be women. We believe they are attached to their cars as friends, and though it may be more sensible for them to purchase a new car, they will bring their car in for a wash occasionally, just when the car is dirty. We believe they like their cars to look presentable and want to keep them in good shape but are not tied up in the look of their car. For this reason, we believe they will not be overly concerned with their car unless they are selling it.
- Dealerships: The proposed location of D&M Car Wash is surrounded by many new and used car dealerships within three miles. We believe these dealerships often use outside car wash services to clean their vehicles before they are put up for sale. In addition, there are fifteen other car dealerships within a seven-mile radius of D&M Car Wash.
- Local businesses: Some local businesses have fleets of cars and small vans that must be kept clean to maintain their company image. We believe these businesses will be looking for a cost-effective, efficient car washing service and will generally prefer to use a carwash service during the week rather than during weekends, like the general public.
Invest in Our Company Today!
A carwash is a great business that many small investors dream about owning but cannot overcome the barrier to entry of the large upfront capital investment. Once that barrier is overcome, we will have a business that we believe can produce over a 63% profit margin and have the ability to operate 24 hours a day, 365 days a year, all while only relying on a few people.
I look forward to answering all of your questions.
Thank you,
Donna Dutcher
Offering Summary
Maximum $107,000 of Revenue Sharing Promissory Notes
Minimum of $10,000 of Revenue Sharing Promissory Notes
INVESTMENT OPPORTUNITY
Revenue Sharing Promissory Notes
Investment Multiple: 137.5% of initial investment
Revenue Sharing Percentage: 20.0% of the gross revenue of the Company calculated on a cash basis (excluding any revenue attributable to rebates or refunds received in cash by the Company with respect to any prior expenses incurred by the Company.)
Initial Grace Period: 12 months (number of months after final Closing after which Periodic Payments begin)
Maturity Date: 60 months after the Initial Grace Period (number of months after Initial Grace Period upon which any unpaid Amount Due becomes due.)
Payment Period: Every 3 months, following the Initial Grace Period
What is a Revenue Sharing Promissory Note?
A revenue sharing promissory note offers you the right to receive a portion of the Company’s gross revenues up to a certain amount. The amount of return you will receive in the future is determined by the Investment Multiple. Your return is equal to your Initial Investment x the Investment Multiple. Payments towards this multiple begin after the Initial Grace Period. After the initial Grace Period, Investors will received a payment towards their portion of the Total Payment every Payment Period until the Maturity Date. If the Total Payment is not repaid by the Maturity Date, the entire remaining amount becomes due and payable at the Maturity Date.
(See Exhibit F to the Offering Document for a complete set of Terms)
| Company | D&M Group Ltd |
| | |
| Corporate Address | 2929 Arch Street, Suite 1700 Philadelphia, PA, Philadelphia, 19104 |
| | |
| Description of Business | Self serve and automatic car wash |
| | |
| Type of Security Offered | Revenue Sharing Promissory Notes |
| | |
| | |
| Minimum Investment Amount (per investor) | $100 |
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments. Repayment of debt to Kyle McClure and David Wisniewski of $1.5k and $15k respectively for services rendered. Proceeds allocated for additional capital raises.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$0.00
USD
$0.00
USD
Cash And Cash Equivalents
$0.00
USD
$0.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$0.00
USD
$0.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$0.00
USD
$0.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
$0.00
USD
$0.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
10 Days Left!
21 hours agoWe have just 10 days remaining in this investment opportunity. I want to take this time to thank those of you that have invested in our team and our idea. The people on the team as well as other advisors and potential partners have been great and this project will move forward regardless of the the outcome on startengine. To that end I would like to say, that building a team, completing the business plan and getting listed on a Startengine is not a simple process.
In addition to over 1k followers on social media, we have over 70 serious followers on Startengine including over 60 that have made it to the final step of considering an investment. If those followers invested just the minimum then this raise can be successful. You still have the opportunity to invest in our hard work and receive and great return that would be returned within 6 months of operation if at the minimum goal. Time is running out, act now!
D&M Group Ltd, Inc. Cautionary Statement Regarding Forward-Looking Statements
There may be statements in this communication that are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, therefore, subject to risks and uncertainties, including, but not limited to, statements regarding D&M Group Ltd. or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. D&M Group Ltd. cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond D&M Group Ltd.'s control, that could cause D&M Group Ltd. or the combined company's actual results to differ materially from those expressed or implied by such forward-looking statements. To learn more about the risk factors, please review D&M Group Ltd.'s Regulation Offering Statement. Contact Information: D&M Group Ltd. 2929 Arch Street, Suite 1700. Philadelphia, Pennsylvania 19104.
Bonus expires 11/30/18
about 2 months agoThe bonus will bring the total return to an investment multiple of 150.0 % of the initial investment; if you invest $500 USD or greater by November 30, 2018. We realize we are a little bit outside of what a typical VC is looking for. Because of this, we have made this offer to our earliest investors. We have been actively marketing and have been in contact with many potential investors. If you read all of our updates, we have plans to work with our current investors and grow the business revenue before raising a large institutional round. In the mean time, we are raising a smaller round from a mix of institutional and angel investors to get to profitability. We will continue with the process until we make this a successful business. Invest with us; we will keep working for you. Opportunity is knocking answer the door!
No Offer or Solicitation Securities
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
D&M Group Ltd, Inc. Cautionary Statement Regarding Forward-Looking Statements
There may be statements in this communication that are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, therefore, subject to risks and uncertainties, including, but not limited to, statements regarding D&M Group Ltd. or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. D&M Group Ltd. cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond D&M Group Ltd.'s control, that could cause D&M Group Ltd. or the combined company's actual results to differ materially from those expressed or implied by such forward-looking statements. To learn more about the risk factors, please review D&M Group Ltd.'s Regulation Offering Statement. Contact Information: D&M Group Ltd. 2929 Arch Street, Suite 1700. Philadelphia, Pennsylvania 19104.
Bonus Available For a Limited Time
2 months agoCrowd funding campaigns are built on momentum. It is not uncommon for a campaign to receive almost 50% of its funding in the last week or so. In order to start the momentum now, we are offering a bonus. The bonus will bring the total return to an investment multiple of 150.0 % of the initial investment; if you invest $500 USD or greater by November 30, 2018. On December 1, 2018 the bonus will no longer be available and investors will receive the 137.5% investment multiple listed in the terms. All terms that are listed in D&M Group Ltd.'s Regulation Offering Statement apply to the bonus.
No Offer or Solicitation Securities
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
D&M Group Ltd, Inc. Cautionary Statement Regarding Forward-Looking Statements
There may be statements in this communication that are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, therefore, subject to risks and uncertainties, including, but not limited to, statements regarding D&M Group Ltd. or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. D&M Group Ltd. cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond D&M Group Ltd.'s control, that could cause D&M Group Ltd. or the combined company's actual results to differ materially from those expressed or implied by such forward-looking statements. To learn more about the risk factors, please review D&M Group Ltd.'s Regulation Offering Statement. Contact Information: D&M Group Ltd. 2929 Arch Street, Suite 1700. Philadelphia, Pennsylvania 19104.
Simple Math
2 months agoAccording to carwash.com, the average total annual car count is 278,000 cars at an average price of $11.58; which equals $3,219,240 gross income. With a repayment based on 20% of the gross income, that would be $643,848 for loan repayment from the average car wash. A just average, not even above average car wash, would repay its entire campaign in the first year, giving investors a 37.5% return in one year.
http://www.carwash.com/state-carwash-industry-2018/
D&M Group Ltd, Inc. Cautionary Statement Regarding Forward-Looking Statements
There may be statements in this communication that are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, therefore, subject to risks and uncertainties, including, but not limited to, statements regarding D&M Group Ltd. or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. D&M Group Ltd. cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond D&M Group Ltd.'s control, that could cause D&M Group Ltd. or the combined company's actual results to differ materially from those expressed or implied by such forward-looking statements. To learn more about the risk factors, please review D&M Group Ltd.'s Regulation Offering Statement. Contact Information: D&M Group Ltd. 2929 Arch Street, Suite 1700. Philadelphia, Pennsylvania 19104.
Veterans Day
2 months agoVeterans Day is this Sunday November 11th. This is a holiday that honors our family and friends who have served. Last Sunday in Philadelphia, I was proud to walk in the Veterans Parade with my family to say thank you to all veterans. If you see on our page, “How Our Service is Different”; free car wash for vets on Veterans Day was one of the first ideas we had. Why wait? Let’s start that now! As soon as we open, we will donate gift certificates for D&M Car Wash to the USO of Pennsylvania and Southern New Jersey equal to all 10% of all the investments we receive before the end of Veterans Day 2018. There are many investors who are following us and have not finished the process. If you have not yet finished your investment, please make sure to do so.
http://www.phillyveteransparade.org/photos-videos/
D&M Group Ltd, Inc. Cautionary Statement Regarding Forward-Looking Statements
There may be statements in this communication that are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, therefore, subject to risks and uncertainties, including, but not limited to, statements regarding D&M Group Ltd. or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. D&M Group Ltd. cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond D&M Group Ltd.'s control that could cause D&M Group Ltd. or the combined company's actual results to differ materially from those expressed or implied by such forward-looking statements. To learn more about the risk factors, please review D&M Group Ltd.'s Regulation Offering Statement. Contact Information: D&M Group Ltd. 2929 Arch Street, Suite 1700. Philadelphia, Pennsylvania 19104.
Welcome!
3 months agoWe would like to thank those of you that have already invested. We value our relationship with our investors and appreciate that you have entrusted us with your capital. As we move forward, we plan on offering any future opportunities such as equity, to our current investors before we would offer it to the general public. Share this with your network; our success is your success.
No Offer or Solicitation Securities
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
D&M Group Ltd, Inc. Cautionary Statement Regarding Forward-Looking Statements
There may be statements in this communication that are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, therefore, subject to risks and uncertainties, including, but not limited to, statements regarding D&M Group Ltd. or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. D&M Group Ltd. cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond D&M Group Ltd.'s control that could cause D&M Group Ltd. or the combined company's actual results to differ materially from those expressed or implied by such forward-looking statements. To learn more about the risk factors, please review D&M Group Ltd.'s Regulation Offering Statement. Contact Information: D&M Group Ltd. 2929 Arch Street, Suite 1700. Philadelphia, Pennsylvania 19104.
Comments ({{profileCtrl.startup.comments_count}} total)
Show More Comments