Oakville Quality Products, dba Bobken Automatics

Raising $100k to set up for growth in sales and profit.

I own and manage a small manufacturing company, since 2012 - Oakville Quality Products, dba Bobken Automatics. Bobken Automatics is a Screw Machine (Turned Parts) manufacturing company that makes close tolerance, metal and Delrin, parts to customer specification. We serve many industries in automotive, medical, industrial, HVAC, electronics, security, emergency systems and firearms. 

Bobken Automatics has average annual sales of $1.7m. We have Davenport, Brown and Sharpe and CNC manufacturing capabilities, and are ISO certified, with SPC and PPAP processes. We are dedicated to giving our customers what they want, and expect, from a valued supplier.

Sales had increased about 35% year on year, though we dropped 35% last year, hurt from lost sales to China and Taiwan, and lower customer demand.  We have a very good opportunity to regain last year's sales miss, plus adding new sales. We forecast 40% growth in sales this year. 

Our funding request is mostly for investment in brass, steel and aluminum material needed to keep our 26 Screw Machines busy for the first two months of this year, to meet customer demand. My cash has been tight for the last three months, making it hard to invest in needed material.

Much of the sales lost to China and Taiwan is coming back to us this year, and we are seeing increased quote activity. We have an opportunity to exceed $2m in sales this year. Gross Margin is forecast to average over 25%. We have 10 current employees and would like to add 3 more in the next few months. Our Sales Back log is currently $600k.

Please contact me for further discussion. Thank you.

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