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| Date post: | 18-Aug-2015 |
| Category: |
Law |
| Upload: | derek-b-distenfield |
| View: | 23 times |
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Problem
Lack of Affordable Legal ServicesMillions of Americans forego necessary legal services every year because they lack savings and discretionary income.
Sources: Legal Services Corporation Annual Report and CNN article: The fall and rise of lawyers
Opportunity
Our easily accessible and affordable document library is designed to provide everyday legal solutions that Americans need most.
Affordable Legal Services
Opportunity
• Approximately $100 billion in personal and small business legal spending annually
• Only 1 legal aid lawyer for every 8,893 low-income Americans that would qualify
Revenue Opportunity
20%LegalZoom/internet
Poor customer service
NextGenJustice’s opportunity
20%LawyerHourly fee
• Approximately 750K lawyers provide services to the richest 20% of Americans that can afford them
• NextGenJustice is poised to service the 80% of Americans who need legal help
. Sources: Atlantic Magazine Is there such a thing as an affordable lawyer?
Value Proposition
• NextGenJustice provides easy access to affordable legal and tax services for individuals and businesses.
• Services are offered at a fraction of what they cost through traditional channels without sacrificing quality.
• Our NextGenJustice technology with a human touch offers a supportive environment focused on personalized service.
• Our locations are strategically chosen and placed based on high population density for our target demographic.
Underlying Magic
• Delightful Customer Experience
• Innovative Product Distribution Method
• Real-Time Support
Where We Are Now?
INITIAL GROWTH
Florida & New York
4 stores 12 months
Watertown, NY
Syracuse, NY
Jacksonville, FL
Tampa, FL
Customers Love Us
They Really Do
We Love Our Customers
Percentage of gross store revenue NextGenJustice will charge for ongoing support
Franchise Business
Franchise Opportunities
$79,000
10%
Cost for franchisees to launch their own stores
FRANCHISE FEE
MONTHLY ROYALTY
Key Franchisee Benefits
• Turnkey franchise model is cash flow positive within a few months
• Comprehensive document library maintained and updated by the franchisor via the cloud
• Ongoing support, marketing, and advertising
Store Projections & Key Metrics
2015 2016 2017$0
$200,000
$400,000
$600,000
$224,038
$392,853
$490,906
Single Store Revenue
Doc Type Unit Rev % of Clients
Div, Inc., LT $399 80%
Other Docs $299 15%
Misc. Docs $99 5%
Average Customer Value
$339 per sale
These numbers do not include tax preparation services.
Go to Market Plan
PLAN TO ACCELERATE GROWTH FOR FRANCHISE PARTICIPANTS
Texas, Florida, & Georgia
20 stores coming soon
Houston, TX
Dallas, TX
Austin, TX
Fort Hood, TX
San Antonio, TX
Orlando, FL
Miami, FL
St. Petersburg, FL
Atlanta, GA
Fort Benning, GA
Competition will come from online providers and existing “mom-and-pop” providers.
Competitive Analysis
Online competitors lack our comprehensive approach:
Real-Time Support
Instant Solutions
Court Courier
Market Disruption and Risk
• Uber, Airbnb, and LegalZoom have come under attack from regulators because they are disrupting their industries
• NextGenJustice has and will continue to be attacked by lawyers and bar associations on the pretense that we are practicing law
• Franchising helps mitigate risk
Management TeamManagement Team
Derek DistenfieldCEO / Co-founder
NextGenJustice was co-founded in 2013
Lee C. KindlonCo-founder
• Former Senior Vice President of Sales and Marketing – We The People
• TechStars Patriotboot Camp Alum
• Military veteran
• Founding Partner – The Kindlon Law Firm, PLLC
• Judge Advocate – USMC• Assistant Alternate Public
Defender
Deborah HrbekGeneral Counsel
• 20+ years practicing law
• 12 years in legal document industry
• 10 years’ experience as general counsel
LinkedIn: Derek Distenfield Lee Kindlon Deborah Hrbek:
What We Need
• We are seeking funding of $500,000 • Equity (clawback) or debt options
Investment Figures
• Ramp up our team• Technology• Sell/market 20 franchises
Use of Proceeds
• Cash flow generated from seed round and franchise sales will adequately fund NextGenJustice.
Additional Funds
