JTB Products and Services
JTB Products and Services is one of the three sub-divisions of JTB Technologies, Inc.
JTB Technologies, Inc. will be located in Richfield, Louisiana. This location is very close to the I-82 corridor, providing excellent access to the Mississippi, Arkansas and Texas industrial markets. JTB management acquired its roots in the industrial marketplace while managing RL&I Tool and Machine, Inc., a privately held corporation that operated in Missouri for over twenty-five years.
Further experience was also acquired while managing RL&I’s industrial supply division of RL&I Tool and Machine. Eventually the Missouri corporation was closed and the management shown in this plan relocated here to Louisiana. Prior to leaving Missouri, Technical Marketing Technologies LLC, a spin-off of the Missouri based corporation was established, and operates as a sole proprietorship here in Louisiana. With our roots firmly planted in the Industrial marketplace, JTB will provide Industrial and Commercial Tools, Safety Products, and Engineered Sales expertise.
The primary partners in this plan are responsible for all phases of business and product development with special emphasis on bringing the latest Machining and Computer design into the business. With our roots firmly planted in the products and services market, JTB will provide Industrial and Commercial Tools, Re-manufacturing Services and engineering expertise acquired over the last twenty-five years while working with the following business types:
- Automotive – Automotive repair, and Auto body industry.
- Automotive – Auto Makers, and their support industries.
- Primary Metals – Machining Industry – Turbine, Valve, Specialty Manufacturers, and Machining industries.
- Sporting Goods Industry – Sporting Goods manufacturers, and Services industries.
- Mining and Contractor Industry – Hole drilling and Utility service providers
In addition to providing these clients with industrial products, JTB will also provide technical expertise, engineering assistance and all types of outsourced industrial services.
2.1 Company Ownership
JTB will be a privately held corporation co-owned by Rachel L. Jeremy and her husband, Mitchell R. Jeremy. Rachel Jeremy has 10 years experience in production management, and customer services acquired while she worked with RL&I Tool and Machine, Inc where she was also the Secretary for that corporation. Rachel will also add a large percentage to the minority owned shares, allowing the firm to participate in larger contracts requiring minority involvement.
Mitchell R. Jeremy owns and operates Technical Marketing Technologies LLC, a technology and marketing consulting firm. Mr. Jeremy is an innovator with over 25 years of technical experience in the Industrial market with an additional 15 years of integrating computers and other technologies into the manufacturing and distribution of industrial products. Mr. Jeremy has a proven track record of success in launching new business projects and directing operations for a previous Missouri-based corporation as President of RL&I Tool and Machine.
To achieve our objectives, Mr. Jeremy is seeking $230,000 in investment and $45,000 in long-term loans for JTB Products and Services. A percentage of the stock and royalties of its products will be offered to the initial investors.
2.2 Start-up Summary
Initial startup will consist of setting up the equipment, shipping area, and Inventory areas in the 2,500 sq. ft. of production space described, with provisions for further expansion when needed.
Once established, Mr. Jeremy will utilize all of his previous business contacts to develop the JTB’s products for immediate resale. This will include several custom catalog offerings with over 50,000 products each. As many of the customers require similar products sold by the Industrial Sales Division, a stock list will also be compiled of the major items to be offered adding more customer support value to the business.
In the production area, we will add approximately $45,000 of machinery, allowing the firm to produce its products and services. Further leased equipment will be added starting in the first month of the plan. This equipment will be both manually operated and computer controlled, depending on availability. At present the machine tool market has an excess of available equipment which is driving the costs to purchase these items down considerably. Included in this amount is $30,000 of specialty prototyping equipment which will allow us to solicit specialty prototype work.
We intend to add 3 Service Team Members to be trained on the equipment, and handle order processing with our intended local customer base. Rachel Jeremy will oversee the production and shipping aspects. Mr. Jeremy will oversee training, and make personal contact with all potential clients to develop long term solid relationships.
During this time, several developers will be hired as part of the JTB Integrated Technologies Division, located in the same facility as Industrial Sales, to begin development of the software to later drive the inventory-sharing and customer-interactivity aspects of the business. (Payroll and income figures related to these portions of the plan can be found in the JTB IT Division business plan.)
|Start-up Expenses to Fund||$53,350|
|Start-up Assets to Fund||$221,650|
|Total Funding Required||$275,000|
|Non-cash Assets from Start-up||$51,000|
|Cash Requirements from Start-up||$170,650|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$170,650|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$230,000|
|Loss at Start-up (Start-up Expenses)||($53,350)|
|Total Capital and Liabilities||$221,650|
|Research and Development||$18,000|
|Total Start-up Expenses||$53,350|
|Other Current Assets||$5,000|