Our Funding Needs
Material Costs
Based on the material cost per component ($17.28 per unit to manufacture) and the estimated demand, we will need $160K per month in material costs.
Labor Costs
Based on our assembly approximation, we estimate that we will require ~7.5 minutes / unit in the Neenah factory for manufacturing. Given this, at a labor rate of $2.04/hour, each unit will cost about $1.75 in labor to produce.
MRP Costs
Fishbowl Manufacturing costs, at a minimum, $4,500 dollars per year. Since our manufacturing operation will be relatively small at first, but are expected to scale beyond the small manufacturing realm, we estimate (as an upper boundary limit) that our MRP system will cost of $25,000 a year. This includes all IT costs since Fishbowl Manufacturing is based in the cloud.
Overview of Costs
Per-unit costs: $20.37
- BOM cost: $17.29
- Labor cost: $1.75
- Import tariffs (4.9%): $0.84
- Ocean freight: $0.14
- Ground freight: $0.35