Oliver Frost
Peabody, MA (USA)
Role(s):
Founder/Owner/Principal
TBD
Find More Startups
Startup
Location:
Minneapolis
Industry:
Manufacturing
Year Founded:
2008
Number Employees:
1-10 people
Description:
I have a product range designed for the marine market. Low volume, high priced with good margins. The product is a fairly complex engineered product that fills a gap in the market place, It also allows for less complex complimenting products that will also comand a high margin. It is an OEM directed product which targets the high end of the marine industry allowing for easy market segmentation and exceptional custoemr care and service. Design is complete and business plan has been created. The plan highlights year 5 revenue of upwards of 15million in revenue with an operating income of over 10%. The initial start up funding requirements are betwenn 300K and 600K depending on the success of the prototype. The business if sucessful lends itself to being sold to one of the larger marine equipment manufacturers around the same 5 year term.