Business project
The firm, created two years ago, has to date been fully financed by its owner with its own capital through the subscription and payment of the entire share capital of 50,000 €. The company has no existing payables to suppliers and no existing payables to the banking system. In this phase, funding is necessary for the construction of prototypes which will make up the tangible assets of company equity and be part of the marketing operations required to present the nautical market with trade names and products. A patent has already been filed.
Technical content
The idea behind the project is to construct boats in stainless steel with a total weight that is comparable to that of fibreglass boats, combining the benefits of inox steel (malleability, flexibility, corrosion resistance, aesthetics, reparability) with a reduction in weight. Construction of the hulls will be performed using aeronautical structural adhesives to unite layers of 0.8 to 2 mm thin sheets of steel AISI 316 or Titanium in a “sandwich”, the core of which is made of closed-cell polyurethane foam in various densities and thicknesses.
Final outlet market and products
From the point of view of the nautical market it is the company’s intention to fill the gap that currently exists between extreme boats used in professional boat racing and “glamour” boats that are more suited to staying inside the port rather than navigating. The company does not intend to address the market with a price-based marketing strategy: the uniqueness of the product necessitates a strategy of distinction and exclusivity rather than large numbers. The company is ready to present the market with three products: a 12.19 metre oceanic racing boat (Class40), a “day-sailer” boat of reduced size and cost (in the picture to the side) and the SMARTFOIL (patent) with a submerged appendix and variable wing profile. Despite the economic crisis the market for boats is growing and in Europe is worth 1.12 bn (Source: UCINA – Confindustria nautica).
Financial data
Investment required: between 75,000 and 150,000 euro for equity shares of 10% to 20%
Turnover: 3.015 m euro (in 5th year), EBITDA: 36.18% (in 5th year)
NPV: 2.9 Million Euro; IRR: > 50%
Founders and key persons involved
Roberto B. (Designer) and the studio SHIKLER-TAGLIAPIETRA YACHT DESIGN, with offices in Holland, for the structural and fluid dynamic design of the boats;
For more information write to: info@metcompany.eu
Disclaimer
This document is a brief presentation of a possible private business venture. It does not in any way commit MET Company S.r.l. and is not intended to solicit investments. MET Company Srl is prepared to put all detailed economical and technical documents required for further examination at the disposal of interested parties subject to the signing of an NDA.