SLIDE 1
Spence is a storage container that measures dispenses flour for the - - PowerPoint PPT Presentation
Spence is a storage container that measures dispenses flour for the - - PowerPoint PPT Presentation
Spence is a storage container that measures dispenses flour for the home baker. Store or Measure? can... Fit kitchen dimensions can... Keep flour fresh can... Fit large bowls can... Dispense cup fractions can... Disassemble Spence
SLIDE 2
SLIDE 3
Store or Measure?
SLIDE 4
can...
Fit kitchen dimensions
SLIDE 5
can...
Keep flour fresh
SLIDE 6
can...
Fit large bowls
SLIDE 7
can...
Dispense cup fractions
SLIDE 8
can...
Disassemble
Spence disassembles from the bottom for easy washing.
SLIDE 9
Path of Flour
SLIDE 10
Path of Flour
SLIDE 11
Path of Flour
SLIDE 12
Path of Flour
SLIDE 13
How Works
SLIDE 14
Lid & Case
SLIDE 15
Flour Agitator
SLIDE 16
1/8 1/4 1/3 1/2 2/3 3/4 1 cup
Additive Measurements
SLIDE 17
Labyrinth Seal
SLIDE 18
Feedback System
SLIDE 19
Feedback System
SLIDE 20
Feedback System
SLIDE 21
Feedback System
SLIDE 22
Store Away Height
SLIDE 23
Forecasted Retail Sales
75 150 225 300 Year 1 Year 2 Year 3 Year 4 Year 5 Number of Units (thousands)
Because Spence is a baking product with mass appeal, we decided to sell him through the retail channel. For a retailer purchasing a new product, 150 thousand is a good estimate.
SLIDE 24
Retails for $35
■Retailer purchase price
+$17.50
■Cost to produce
+$8.66 +
Production Cost
Labor Tooling Materials Assembly
Based on our research of the storage canister market, we feel a product like Spence could retail for $35 Cost of 8.66- materials, labor, assembly, tooling
SLIDE 25
Break Even in 27 Months
- 1000
- 500
500 1000 1500 Year 1 Year 2 Year 3 Year 4 Year 5 Gross Profit Dollars (thousands)
Our initial investment would be about 600 thousand We would break even in about 27 months Continue R&D to create similar devices for other kinds of dry ingredients - sugar
SLIDE 26
We’ve shown you that Spence works, but let’s talk about how classy he looks. Dressed in white and black, he fits into almost any kitchen decor. He has a window so you can see when its time to refill him, and a target to tell you where to put your bowl.
SLIDE 27
Acknowledgments
Instructors
David Meeker Barry Kudrowitz Mary Caulfield David Wallace
Course Staff
Chevalley Duhart
James Penn Sangbae Kim
Mentors
Jeffery Senez Sam Stambler
Scott VanBroekhoven
Andy Siegel
Sean Schoenmakers
Ethan Crumlin
Consultants
Kids Can Cook Create-a-Cook
Shop Staff
Steve Haberek Jim Dudley Dick Fenner Bill Cormier Joe Cronin
Patrick McAtamney