a decking product that has been used in Europe for about 20 years. Environmentally sound and a scientifically proven process. Confidentiality agreements will need to be in place prior to proving much information.
Total cost of plant, property and equipment is about $14 million. We have about $5 million of our own money in now but need a debt financing partner for about $6 to $8 million depending on structure. Our group is a limited partnership with about 100 members. Break even point for operations excluding interest is about 25% of capacity, or about $2 million a year in sales. The upside is significant (I know all start ups say this). Similar operations in Europe are generating very good returns. The upside with various unfinished equipment and market fine tuning have total sales of about with $15 million and profit around $4 to $5 million, so the upside is definitely there.