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Essay

Nantucket Nectars

Essay specific features

 

Issue:

Business

 

Written by:

Luz M

 

Date added:

April 14, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1322

 

Was viewed:

4703 times

 

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Essay content:

Everyone loved the product and they went on to open the Allserve General Store on Nantucket's Straight Wharf. They named the fruit juice "Nantucket Nectars". Scott and First invested their collective life savings of about $17,000 to contract a bottler and finance inventory in the first two years. The next two years saw them operating in an undercapitalized state on a small bank loan...
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The next two years saw them operating in an undercapitalized state on a small bank loan. Subsequently, in order to raise funds to improve distribution and increase inventory, they sold 50% of the company to Mike Egan. Nantucket Nectars achieved its first year of profitability in fiscal year 1995. Nantucket Nectars continued to grow and in 2000, they were approached by five companies that were interested in acquiring a portion of the company...
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