Laserfiche WebLink
00 <br /> 0 <br /> Y <br /> V yam. <br /> 2 <br /> go Q z <br /> O <br /> O <br /> The Coin-Tainer°Co. LLC <br /> Executive Summary <br /> The Coin-Tainer Company is a coin, currency, and raffle ticket roll manufacturer and distributor <br /> with 38 years of experience in the industry. With roots as a home-based operation serving <br /> central MN, Coin-Tainer has morphed from a small town manufacturer to a retail giant and <br /> wholesale distribution supplier. Serving 95% of the North American retail market and 30% of the <br /> distribution market, Coin-Tainer serves approximately 65% of the United States' volume with <br /> their coin wrappers and ticket rolls. <br /> Over the course of Coin-Tainer's time in business, there have been many challenges that have <br /> impacted the profitability of the company including a predatory supplier relationship, an industry <br /> war, a large debt service and, most recently, a total-loss fire. Despite the circumstances, the <br /> company has overcome the challenges by staying committed to its core mission: "To <br /> manufacture, market and distribute the highest quality coin wrappers and raffle ticket rolls while <br /> encouraging the individuality, productivity and integrity of their employees and customers alike." <br /> It is this commitment to excellence that has allowed Coin-Tainer to maintain relationships with <br /> every customer after a fire wiped out all production capabilities. <br /> The company's most recent challenge has forced Coin-Tainer to consider which elements of <br /> their business make sense to continue with and what processes are valuable to their core <br /> competencies. The goal is to rebuild Coin-Tainer's business around its most profitable product <br /> categories and primary technologies. The company aims to stick to a reasonable budget for a <br /> company of comparable size while becoming increasingly profitable; the decision to rent a <br /> space in Elk River will result in less overhead costs for Coin-Tainer, this includes rent, utilities, <br /> and other fixed costs associated with the smaller footprint and a newer facility. <br /> Coin-Tainer's rebuild plan includes a timeline for bringing their core competencies to fruition <br /> within a specific timeframe. Under the current financial circumstances, it is vital for Coin-Tainer <br /> to manufacture their own product. There are three phases to the production timeline: <br /> - Phase 1: Acquire finished work-in-process product from vendors willing to do business <br /> under a non-compete license agreement. Fulfill all customer orders to pre-fire <br /> specifications, even if not at their full volume. This phase was complete on March 15tH <br /> 2014. All customers are currently receiving the same products as the offering available <br /> prior to the fire. <br /> - Phase 2: Produce their own coin-wrapper-making machines using updated technology <br /> and manufacture all coin wrappers in house. Deadline: May 15th, 2014. The company's <br /> first coin wrappers were produced in house the week of April 21 st and all coin wrappers <br /> are currently produced in house. Phase 2 is complete. <br /> - Phase 3: Have their custom-built, ticket-manufacturing equipment fully operational and <br /> produce their own raffle ticket rolls on site. Deadline: October 2014. The first ticket <br /> machine is operational on site in Elk River; it is composed of used equipment but has <br /> allowed Coin-Tainer to supply the market with ticket rolls beginning in June rather than <br /> October. The second ticket machine will deliver prior to September, completing Phase 3 <br /> well ahead of schedule. <br /> 2 <br />