Investor Information
Motorsports Mailboxes, Inc. is legally structured as an S-Corporation with 88% of the common stock being owned by founder Steve Young, 10% by a private equity firm, and 2% by other investors.
Outside capital has not been used to fund the operations of the enterprise to date. Total capital invested to date is approximately $165,000. Additionally, about $250,000 worth of time has been invested, without compensation by principals and partners.
We are offering equity investments in increments of $5,000 each.
The enterprise was established to meet the desire for NASCAR products. These products will function as a mailbox and provide the customer with a collector's item. Utilizing proprietary molding and fabrication techniques, the licensed and patented products will be able to satisfy a demand and quickly gain a reputation for high quality. The products will be made exclusively in America by a top quality manufacturer. Comparable competition is non-existent. The enterprise is expected to be profitable within it's first year of production. New product introductions combined with a patented design will allow dominant market share over the next 5 years.
MotorSports Mailboxes, Inc. will lease approximately 1,000 square feet of office space. The majority of the office furniture will be purchased second-hand, so that most of our initial capital investment will be for mold tooling, computers, networking, office equipment, and initial inventory. We estimate that the total initial outlay will be $400,000. We will outsource virtually all product manufacturing, packaging and inventory and distribution. We have investigated alternatives to the supply chain described above, and found them to be less cost effective at this time. We have retained a professional marketing and communications agency to advise on strategy and execution of MotorSports Mailboxes, Inc.'s advertising, public relations, and promotion plans.
Our organizational structure and facilities will be adequate for the first year, after which we expect to hire additional personnel. In year two, we anticipate a self-funded capital expenditure for additional tooling and expanded office space adequate to support our growth. In years three through five, additional self-funded capital expenditures will be made for tooling of each new series of products.
Our Objectives
Upon securing financing, licensing and entering its start-up phase, MotorSports Mailboxes, Inc. intends to:
- manufacture 5,000 units and place them in the channels of distribution, ready for sales in the first six months
- sell 20,000 units within the first 12 months.
- generate a pre-tax profit within the first 12 months
- license and manufacture multiple NASCAR teams within 12 months
- stimulate economic growth and create jobs in central Illinois by bringing more than $5 million of business to our manufacturing, assembly, and other local business partners
- earn a reputation as a successful, high-profile NASCAR-related company