chumbobber | Application Preview
Chumbobber is applying for government grants to support various aspects of their business growth. The funding will primarily be allocated towards participation in the i-Cast expo for enhanced company visibility, as well as travel, lodging, food, and launching an Amazon sales platform. Additional funds will cover online marketing strategies, website upgrades for secure payment processing, advertising, and fuel costs for a fishing boat used to showcase their products to potential clients.
The business aims to achieve significant growth over the next five years by acquiring their own injection and blow mold machines, moving away from overseas production in China to establish a manufacturing facility in Texas.
Chumbobber highlights the enduring popularity of fishing as a sport, emphasizing their commitment to providing affordable equipment for all. They believe their ability to keep production costs low allows them to offer competitive prices. Currently, they see no direct competition for their product, which, after thorough patent research, has garnered agreement from the US patent office regarding its uniqueness. The competitive advantage stems from their dual-purpose fishing lure, distinguishing it from other single-purpose fishing lures in the market.
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General Information
Business Registration Number: chumbobber
Location: Tomball, TX, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Most will pay for our i-Cast expo for our company exposure, travel, lodging, food, launching Amazon sale account/platform, SEO for online sale, upgrades/updates to our website so that we an securely process customer payment sales transactions, advertisement. We have a boat in which we take prospective clients on to fish to use our product, there are fuel costs for said boat.
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Business Plan
In 5 years, we want to purchase our own injection and blow mold machines. Currently we are having our product made in China. We want to open a location in Texas where we produce all of our product here and severe ties with China. The sport of fishing has been around long before any of us and will be around long after all of us reading this request are gone. We offer low cost fishing equipment that any walk of life can afford. We are able to sell at an affordable price because production costs are so low.
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Self Identified Competition
We are not aware of any. Through our patent research, there are no other products like ours. US patent office has agreed as well. Our product is unique in the fact that is dual purpose while all the other fishing lures are single purpose.
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Contact Applicant
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