NikPan Media is a startup napkin advertisement agency that provides free napkins displaying ad campaigns to nightlife venues in the Triangle area of North Carolina. The company plans to partner with local ad agencies and directly reach out to venues to offer free napkins. Napkins would cost $0.25 each and advertisers would pay $0.30 per napkin. Financial projections estimate that the company could earn a net income of over $50,000 by its fifth year of operations by partnering with over 200 venues each month.
9. THANK YOU – QUESTIONS? What do the napkins look like? What are your financial assumptions? How much do venues currently pay per napkin? Why the name NikPan? Why do you not have salaries in your expenses? How do you know advertisers will want this?
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