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Maverick Motorsports

Maverick Motorsports. “Cutting Edge Technology, Vintage Style”. “Cutting Edge Technology, Vintage Style”. Overview. Sports Car Club of America (SCCA) Solo II Racing Market Growing Solo II demographic: 51% of all interest in SCCA lies in the Solo Classes

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Maverick Motorsports

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  1. Maverick Motorsports “Cutting Edge Technology, Vintage Style”

  2. “Cutting Edge Technology, Vintage Style”

  3. Overview • Sports Car Club of America (SCCA) Solo II Racing Market • Growing Solo II demographic: • 51% of all interest in SCCA lies in the Solo Classes • Good future investment plan to focus on this growing demographic (SCCA Membership Demographic Profile. Compiled March 2006)

  4. Market Demographic • Approximately 55,000 Members • Median Age: 45 • 60% in the 18-49 age group • 58% are in professional or managerial positions • 38% of SCCA members are primarily interested in Solo Class Racing • 78% of SCCA members participate in racing events (SCCA Membership Demographic Profile. Compiled March 2006)

  5. SCCA Buying Influence • Earnings: • 89% earn $50,000 or more annually • Average household income is above $128,000 annually • Purchasing Habits • Mean average SCCA member owns 1 competition car • 64% purchased a car over the past 2 years • 32% plan to purchase a car in the next 12 months • 83% purchase automotive accessories and equipment over the internet (SCCA Membership Demographic Profile. Compiled March 2006)

  6. Objective • Maverick Motorsports meeting the demand • Designed with customer desired features and capabilities • Ready for production

  7. Performance and Profit • Chassis • Lightweight 1020 DOM Space frame • 600 RR Engine • Common production engine with high availability rate and great customer support • Suspension • Easily tunable to different track layouts • Drivetrain • Improved design allowing for more power to the track

  8. Customer Purchasing Options • E-85 or Gasoline tuned engine option upon customer request • Tailored ergonomics to customers measurement • Spool or Differential option upon customer request

  9. Quality Assurance & Control • Standardized Assurance System • Failure Mode and Effect Analysis (FMEA) • How Serious • How Often • How easily they can be detected

  10. “Just in Time” System Encourage employees to take an active role in quality control • Utilizing employee ideas and opinions in production processes • Participate in “Kaizen” events • Kaizen – Daily process that humanizes the workplace, eliminates overly hard work (both mental and physical, and teaches how to spot and eliminate waste in the business environment)

  11. Plant Layout 14,500 ft² Fabrication Equipment • 4 TIG Welders • 1 CNC Mill • 1 CNC Lathe • 1 Band Saw • 1 Tubing Bender • 1 Sheet Metal Brake Plant Manning • 4 Welders • 2 Machinists • 12 Labor Workers

  12. Investment Profile Requires $15,492,182

  13. Administration & Engineering $212,000 Equipment Purchase $83,067 Annual Expenses $133,645 Workforce Training $12,000 Equipment Maintenance and Upkeep $22,000

  14. Administration and Engineering • Human Resources • 1 Human Resources Specialist - $37,000 • Engineering & Tech Support • 1 Mechanical Engineer - $50,000 • 1 Manufacturing Engineer - $46,000 • Marketing • 1 Marketing Specialist - $32,000 • Finance & Accounting • 1 Accountant - $34,000 • Facilities • 1 Janitor - $13,000 Total = $212,000 (Annual averages in Mankato, MN compiled by www.indeed.com/salary)

  15. Equipment Purchase • CNC Vertical Mill - $43,995 • CNC Lathe - $23,995 • 4 Tig Welders - $ 9,344 • Band Saw - $3958 • Tubing Bender - $1,045 • Sheet Metal Brake - $730 Total = $83,067

  16. Annual Expenses • Facility Rental = $ 78,445 • Utilities = $23,200 • Equipment Updates = $22,000 • Workforce Training = $12,000 Total = $133,645

  17. Manufacturing Cost Summary

  18. Vehicle Production

  19. An initial investment of $15,490,000 will return a profit by the end of year two!

  20. Questions?

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