2.0. EDSR 07-31-1995 - Laserfiche WebLink

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BUSINESS PLAN CUSTOM CUSTTER GRINDING CORP. Custom Cutter Grinding Corp. is a tool & cutter grinding job shop. We manufacture precision cutting tools for industrial use. We work from a tool blueprint, part blueprint, or from verbal instructions. Many times we act as tooling consultants, giving our recommendations for the type of tool for a certain job. We also modify standard tools to fit special needs, sharpen modified tools, and sharpen standard 'over the counter' tooling. CCG was started in Ramsey (its present location) in November 1985, with Kermit Bode as sole proprietor, and Curt Jacobson as employee. In 1991 a corporation was formed making Kermit CEO/President and owning 51%. Kermit's duties include financial/office management. Curt presently owns 45% and is V.President/Purchasing Agent. Curt's duties include shop management and purchasing. Both Kermit & Curt discuss tooling needs with customers on a daily basis. They also both to sales, quote jobs, and train employees, besides spending about 70% of their time grinding tools. Peggy Bode owns 4% which will be sold to Curt in January 1996. Peggy is Secretary/Treasurer. Her duties include record keeping, laying out work, writing up work, plastic dipping all tools, and delivery. In 1987 CCGC started manufacturing carbide thread mills, for one of our customers. We started with the customers print and redesigned a better tool. We have developed this into a product line being sold under the trademark CJ'STOM CUT. Through only word-of-mouth advertising, we presently sell thread mills to customers in six states. We have built a stock of 60 sizes and this year our thread mill sales will top $100,000(over 20% of our sales) . We wish to pursue this product line, but are hampered by our space available for machinery & employees. We have already had several requests from our suppliers wanting to carry our product, but do not • wish to get involved in a production commitment that we cannot fulfill.