We expect to reach profitability by the middle of Year 2. We are currently seeking funds from outside investors and business loans. Our company designs and manufactures prototypes and molds for use in casting metals or forming other materials, such as plastics, glass or rubber.
The start-up funds will be used to cover the facility, build-out costs, equipment, software and initial operating costs including payroll, taxes, and utilities. Our business operates within the manufacturing industry and is classified under NAICS code 333511 – industrial mold manufacturing.
The molds are used for products made from plastic, glass, metal or other raw materials.
There are three main phases to manufacturing a prototype or mold.
Titus Mold Manufacturing holds a patent for its revolutionary Virtual Design Center (VDC). will make prototypes and molds for the manufacturing of consumer products.
The VDC combines the best of virtual and in-person presentations and meetings, allowing customers to work in real-time with our design engineers. A mold, which is usually made from aluminum or steel, is a hollow form that gives a particular shape to a product while it is in a liquid state.
In turn, this will save the customer time and money. Within that enormous industry, we have identified two strong markets with very high growth potential – automotive parts and medical devices manufacturing.
We plan to position ourselves as a forward-thinking company that continually invests in new ideas and technologies – unlike our competitors, which are similar mold manufacturing facilities. As new car companies respond to shifting consumer demands for more fuel-efficient cars, and as the medical community develops new technologies, the need for new parts, designs and molds grows.
Our Company will earn revenue from the sale of design services and manufactured molds.
The attached Income Statement demonstrates that our gross profit margin will exceed 72%, and we will achieve break-even with sales of $XXX, XXX. At present, we have raised 0,000 in venture capital funds.