Resources
All About Angel Investors
All About Venture Capitalists
Business Funding Resources
Small Business Funding
Startup Capital Needs
Business Plans & Proposals
Entrepreneur - New Business
Resources
Resources
Small Arms Manufacturing for CA Market
Posted by: Justin Quan on 12/31/2009 4:02:44 PM
Funding Needed:
Select a range 		Category:
Manufacturing & Production 		Website :
Please login to view.
Location :
Oxnard, California, USA 		Viewed : 246 times
Favorited : 0 times 		Share
Description:
The California regulatory environment poses unique challenges for the small arms manufacturer. Through a series of regulations the state has effectively banned the sale of so-called "assault" weapons thereby restricting law abiding gun owners due to the discretions of a few individuals. Despite this enthusiasts have been modifying their guns for years to comply with regulations through their own gun smithing or purchase of aftermarket add-on products.

In 2009 sales of long guns in the state increased 16.5% to an estimated $50M. Many California gun clubs now have long waiting lists to join. Major gun manufacturers have ignored the market in favor of the larger and less restrictive nation-wide venue. This makes CA ripe for opportunity.

This new venture will manufacture fire arms made specifically for the CA market and California law. Enthusiasts will be able to purchase guns that are in full compliance with the law and need no modification. Additional streams of income will be generated through sales of accessories. Within the first 12 months we anticipate capturing 1-2% of the state market through gun show attendance and resale through licensed gun brokers. Long term growth will be achieved through new product addition and expansion to the national market in 3-5 years.

We are seeking funding to incorporate a new business, purchase capital equipment, hire personnel and lease facilities. Initial design specifications are completed. Upon funding designs will be finalized and licensing obtained. Investors will be given shares in the business and can expect a proportional share of the profits.

 Digg It    Stumble It    Deli.icio.us
Respond
You must be a member to respond to this post. If you are a member , please login to respond.