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Alec Hardy
Hardy and Miller, Attorneys at Law
100 Broadchurch St., Suite 301
Scotland, PA 17254
I am an employee from Wells & Associates, LLC and I would like to take this
time to enclose my investment proposal about expanding our current
manufacturing business. With investing in our company you would receive a
percentage of earnings, as well as investment recognition. Your investment
would allow us to add an extensive software engineering division to our
program that will eventually make its way to the smartphone market. Our
company plans to invest $3 million into the division which we hope to claim
25% of the outdoor and leisure app market within the first 5 years and up to
50% by 2030. Getting investors will allow us meet our $3 million goal and
begin adding to our existing office in East Stroudsburg.
The purpose of expanding is due to the lack of apps that are solely for leisure
and outdoor. Due to this we see potential in expanding and are confident that
we will be able to see growth. Competition for this market is low allowing us to
predominantly take over. Our experts assessed that in 2017 the app market
brought in roughly $70 million in sales and is expected to increase to nearly
$80.6 million by 2020 this shows that the app market is in fact a good market
to invest in. Research also shows that travel apps take over about 28% of the
market along with entertainment which is 22%, sports 16%, and games at 15%.
We would target the ages of 18 to 24 because they use more mobile apps
than any other age group, yet we would eventually try to target the middle
generation as time moves on.
Sincerely,
Kyra Miles