Gerald Rich
Frankfort, ME (USA)
Role(s):
Founder/Owner/Principal
Always Quality Concepts
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Startup
Location:
Frankfort
Industry:
Manufacturing
Year Founded:
2012
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Sole Proprietorship
Description:
I have a business opportunity that is a startup company. It is a new product concept that is totally unique and has the potential of 10's of millions of unit sales. The initial investment would be around $250,000 which would be used for manurfacturing, assembly, and packaging of 78,750 (MOQ) units with a retail sales of $1,968,750.00. Internet sales alone could be very sucessfull without a lot of aggressive advertising or large inventory. With the right marketing the potential could be $100's of millions in retail sales. The bad economy should not have much effect on sales and it should have a long term market appeal. It has the potential of being a "fad" product such as the Rubik Cube that has sold 350,000,000 units since it was introducted. Other business models that I have compared would be the Bobble which has $40 million in retail sales in their second year of business.
This concept is two seperate products in two seperate markets. The combined markets sales is around 80 billion a year in America alone. One product will have re fill accessories sales. The second product has an accessory that would also be sold as a seperate product. One product is an adult product while the other would be marketed to 12 and up. Both products are small for ease of shipping and does not require a lot of shelve space.
I have an agreement with Hayco Manufacturing in Hong kong to supply the main component and all other accessories are readily available. They have a 60-75 day lead time on order so we could be ready to launch in about 3 months time. If this product was available for the Christmas season it could make $10's of millions in retail sales before the end of the year.
I would be looking for an investor that would invest for a part of the company. I would be willing to share part of the company for both financial investment and business backing.