While $500 is not an accurate bid on a project of this nature, it also dosen't require an investment of $40k. At JLcreative we can deliver you a system that has the exact functionality as this system, along with integreated payment system and a reporting tool that we will tailor to your needs.
If your serious about building the site and are prepared to launch your new business, then check out our portfolio and services at www.jlcreative.net.
We are a creative communiction solution provider and we work with our clients every step of the way.