Rod Carter
Los Angeles, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Mirrome Records, Inc.
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Startup
Location:
Los Angeles
Industry:
Entertainment
Year Founded:
2020
Number Employees:
1-10 people
Business Stage:
Mature
Entity Type:
"C" Corporation
Description:
Business Description: Country Music Label seeking $1,600,000, yielding a high ROI with 40% ownership offered. NOL yields over $3.1 mil in tax saving with a low sales breakeven point. Exit strategy includes buy-out, sale or acquisition between years 4 and 5 years. Mirrome produces market and sell Country Music. We sign Singer/songwriters with unique talent. Developing the First African American Female Country Singer that is commercially viable. Mirrome Records, Inc. is a California "C" corporation. The president and principal owner, Rod Carter may be contacted at: 1447 S. Orange Grove Ave., Los Angeles, CA 90019. Other contact information (Phone # removed)or cell (Phone # removed), (URL removed) and (URL removed).
Company Background: Mirrome is in Media and Entertainment, as a Country Music Label that was founded 10/2/2002. Currently there are five shareholders and twenty (20) investors with $5k to 270K each who holds high interest notes. Seeking $1,600,000 2nd round in equity with 40% EQUITY offered, projected high ROI. Projected 40% equity worth at end of year 5 approximately $6.4 Mil and a composite valuation of 15.9 Mil. The use of the fund is:
* Product Development (3 new CD's) $135,000
* Admin, Manfg. $435,000
*Marketing/Promotion (Working Capital) $1,030,000
Mirrome currently have three artists expanding to six with this investment, owns five (5) CD's, tested artists, product ready, over $5 mil invested with accrual. Valuable NOL over $9.1 mil that will yield a tax saving over $3.0 mil that goes directly to the bottom line. Need funds for the restart push.