Sandeep Kelly
Clarkston, MI (USA)
Role(s):
Founder/Owner/Principal
Kaur Plating llc
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Startup
Location:
Blackville
Industry:
Manufacturing
Year Founded:
2017
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Our company has tried several times to start up from nothing with letters of intent to go and try to secure funding but it was never enough to complete the task. Currently we have a business that is filing for Bankruptcy that is the same type of business we were looking to launch but I can see from the initial financials that they have accumulated a hefty some and are filing for chapter 13. We have several experiences in takeover and rightsizing these types of businesses but from working in these companies along with the takeover firms learning to rightsize and zero balance the books until stable before spending to increase revenue. The current business is completely being run incorrectly and can be immediately redone to be profitable within a 12 month period of working time, it currently is at 30 million per year in sales operating at 40% of capacity and has the potential to be at 50 million with additional sales added to the open capacity. The business is extremely heavy in overhead and running so inefficiently that it simply can not make money at the current operating structure. Beyond the existing potential there is additional opportunities that have not been realized as there is an additional 20 million in already purchased capital that is not being used that would bring the yearly sales potential to 60 to 70 million when utilized. From what I can see they are currently 36 million under water with 10 million per year in operating cost, what I would be looking for is the opportunity to show this in a presentation in order to potentially create enough funding to purchase and rightsize this operation and grow it to beyond 60 million to over 100 million per year operation. This has all of the base operation, personnel, equipment to complete this and all it needs it the right people to fix the problems immediately and then grow it to the potential it has available without any initial capital investment.