Tech Confections LLC | Application Preview
Tech Confections LLC is seeking government grants to finance the establishment and expansion of a custom chocolate business that leverages advanced robotics to enhance product offerings. The primary objective is to acquire a UR5e robot for custom detailing on chocolates, costing around $60,000. This investment is anticipated to yield a return on investment in less than nine months.
In addition to the robot, the business requires an enrobing line estimated at $50,000-$60,000 to efficiently cover large quantities of confections, taking advantage of a potential discount opportunity at a local vendor. Furthermore, a molding station, essential for efficient production, will require an investment of about $40,000-$50,000. The projected initial expense for establishing the shop, including facility build-out, totals approximately $250,000.
The long-term business plan includes expanding to other types of sweets and possibly opening a second shop within five years. Tech Confections believes it stands out in the Brevard County market, where few competitors offer a variety of products. The company's unique recipes feature premium ingredients, including Callebaut Belgian chocolate and real vanilla, setting a high standard for quality.
The competitive advantage lies in offering a diverse range of flavors, including creative fillings and a selection of sugar-free options, which are currently underserved in the local market. The applicant expresses confidence that its innovative products and quality will appeal to a wide customer base, thus justifying the request for funding.
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General Information
Business Registration Number: L23000105085
Location: Melbourne, FL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
The key to my new business is a robot to do custom detailing and designs on individual chocolate pieces for weddings, corporate events and the like. I am very familiar with the UR5e from Universal Robots: https://www.universal-robots.com/products/ur5-robot/ Custom monogrammed gourmet chocolates commands a high price with an excellent profit margin. I expect to spend $60,000 getting the robot and the necessary tooling in place. The ROI should be 9 months or less. The new shop would need an enrobing line to coat mass quantities of confections in an efficient and cost effective manor. The vendor I am looking at is remodeling their showroom and everything will be up for sale at the end of May. This would be a great opportunity to acquire some top of the line equipment at a solid discount. An enrobing line of modest capabilities can go for $50-60,000 fully outfitted. A molding station is also a standard in the chocolate shop. Although not as involved as the enrobing line, to do it efficiently requires automatic equipment, expect to pay $40-50,000 for new machines. Add in the cost of building out a new store and that $250,000 will just get you started.
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Business Plan
expansion into other types of candies would be the next logical step. Additional lines for enrobing and molding in the original store. I would love to be able to add a new store within that 5 year window. I have been developing my recipes for about 6 months now. The folks at work have been very kind to help me decide what works best. The cinnamon caramel I have is simply delicious, nothing else out there even comes close. I use Callebaut Belgian chocolate exclusively. Real vanilla beans and freshly ground cinnamon sticks are at the core of the caramel. My BFC's ( Brian's Favorite Cookies) start out at 125 grams when they go in the oven. There is 400 grams of Callebaut dark and milk chocolate chips in just a dozen cookies. You will come back for more of these!
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Self Identified Competition
In Brevard county Florida, there are only 3 shops that sell their own stuff. Grimaldi's mostly just coats potato chips and calls it a day. They have a very small selection of other things. There is another shop that only sells bars and bark. Two whole items on their menu, just different variations of the same thing. Dirt simple operation. The third is a relative of the Grimaldi family. They have 3 items on the menu. Chocolate covered potato chips and a milk or dark chocolate filled bonbon. Nothing fun or creative. Just a single mold with the same filling in either of 2 flavors. Tech Confections will offer a wide range of filled shells with a huge assortment of flavors. Standard vanilla cream caramel, that awesome cinnamon caramel, various ganache recipes that will make your eyes roll back. Wait until you try my white chocolate raspberry ganache in a dark chocolate shell. I also plan to offer a solid selection of sugar free treats for the folks that cannot have sugar. Not including a sugar-free line is just leaving money on the table.
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Contact Applicant
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