Introduction

FindnearU is the app you need whenever you are in need of service and within a short period of time. With a user-friendly interface, the FindnearU mobile application will make it easier for its users to get services in their times of need. This app will also provide its vendors with a wider range of customers and reach, thereby increasing their sales.

Problem

The customer development research and survey conducted by our team has found that more and more people are in need of household appliances or other things and services, including repairing and fixing off things. However, some there are several issues that hinder these services. These include a lack of experts known in the area and labor shortages that delay these services and increases the cost. Time is always of import and the waiting time involved in getting services always long. Online services are uncertain and there is always the risk of frauds.

One of the customers who participated in the surveys agreed that they would be willing to pay if the service is offered to them at the best price and in the quickest and most efficient way possible, given that the services meet the quality standards. However, no such service that caters to these needs exist in the market yet.

Furthermore, the results have revealed that most customers are willing to incorporate new technology that will help them get the service in a quick and effective way all the while giving them a chance to earn money in return.

Solution

The FindnearU mobile application is a service platform that helps in meeting service receivers and service providers. The users can post about the services they are in need of, specifying their requirements. The expert service providers registered on the app will contact the user, and the user can therefore negotiate with the service provider directly and work out a deal.

The FindnearU app is completely free; no amount is charged for using the app or even for posting requests. Anyone with the app can post their task requirements on the app and find the expert service providers in their neighbourhood. Likewise, users can also provide service to other users and thus earn money themselves. The FindnearU app works both-ways.

The FindnearU app offers services to the users at an economical price and with the added benefit of no waiting time involved. Businesses can also list themselves in the app and therefore get customers directly from users in the desired localities.

Mission

To provide all kinds of services fast and at the best and most economical price whenever it is needed, and to give the opportunity to earn money in return to everyone.

Market Opportunity

The primary target for the FindnearU app is the USA; the app aims to cover all states and regions, including the east, the west, the north and the south, in its first phase. The FindnearU app aims to provide its services to all the major cities of USA. However, this is only the goal for the first phase of launching the app; there is no limit to the countries this mobile application can be launches in. FindnearU can be launched in any country in the world and offer its services.

Funds Sought

FindNearU is seeking a $50 million as investment in exchange for a 40% equity stake in the company.

The details of all proceeds involved in the launching of this app and its promotions over the period of 5 years are given in the table below:

Revenue Strategy

The population of USA is 327 million. Out of this, there are around 257.3 million smart phone users in the USA. FindnearU aims to achieve a return of $120.00 million in 5 years with an investment of $50 million. Therefore the total return on investment in 5 years amounts up to 140%.

The details of all revenues to be generated through different channels over the period of 5 years are given in the table below:

Notes:

In App payment commission

a) 5% of smart phone users are considered for in app payment

b) Average transaction price is considered $50

c) App commission is considered 5% on each in app transaction

Paid Expert Subscription

a) 1% of smart phone users are considered for paid expert subscription

b) Average annual subscription ticket price is considered $200

Paid Business Subscription

a) 0.5% of smart phone users are considered for paid business subscription

b) Average annual subscription ticket price is considered $500

Display Ads

a) Display ads are considered for 300 cities

b) Average ad ticket price is considered $1000 for a week

Return on Investment (Millions)

Total Investment	$50.00
Total return in 5 years	$120.00
Total ROI	$70.00
ROI %	140%

Business Long Term Marketing Strategy

The marketing strategy of any business is the most important and quintessential point of every business and hence, FindnearU has made a detailed plan to achieve this.

Exit Strategy

FindNearU will give critical consideration to all acquisition opportunities as well as the alternative of continuing operations as an independent enterprise indefinitely.

Our exit target is a valuation of $150 million by the end of 2025. Any angel who invested at the current valuation can exit the project by selling the stake to any other partner, company or later FindNearU may buy share back again at the current value of the company.