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Publication: 07:50, 19.03.2021No. of the advertisement: 3691
Iola Avenue, Farmborough Heights, Australia
What is your idea / business and to whom is it addressed?
The project involves the manufacturing and sale of a unique carpentry product. The product solves the tedious task of installing a complete door lock set. The products market covers over 100 million people world wide. It?s target customers include licences carpenters, DIY home modellers and maintenance workers. The products IP is protected by a patent that is registered in 33 countries globally. It is fully designed for an injection moulding process and there is a working prototype and demo video available on request.
How should the idea/business earn money?
The products manufacturing/packaging and marketing cost per unit will be approximately $30AUD. The retail price per unit is expected to be approximately $130AUD. The product will be predominantly sold online utilising social media marketing strategies.
At what stage is the idea / business at the moment?
The product has been fully designed and ready for an injection moulding process. The tooling and manufacturing contacts have been explored with a Chinese manufacturer the most likely outcome. However, this is not set in stone and welcome input from perspective investors. The business/marketing plan is available at request.
What do you need?
I am looking for a partner/investor or outright investor depending on the investors experience in the manufacturing/sales industry. The investment required to set up the business, develop the tooling and manufacture a pilot run of 2000 units is $150,000 AUD.
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