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Invest with Grimburg

WE DID IT!

We’ve raised $100k in funding. We secured an SBA loan and set up our manufacturing center. 3 mills, 2 lathes, 3 laser printers, and 2 injection molding machines, holster and Carakote studios. We’re almost ready to begin full in house production.

We’re selling 0.5% more equity to complete the project.


your investment

The minimum investment is $1000 for a percentage of membership in Grimburg Less Lethal LC.

$1,000.00

* Please purchase separately from other items.



why invest ?

You already know why to invest.

With the Solstice on the way in 2025 we expect exponential growth is ahead. Our current investors have consistently been our customers, individuals who are intimately familiar with our company and its operations. Over the years, you have closely tracked our journey, fully understanding the inherent value we offer. There is no need to elaborate on how, with the right resources, we can propel our company’s value even further. We are the driving force behind this endeavor.

Use of Funds

We are financing the following machine additions. Two Haas TM-0P CNC mills, a TL-1 CNC lathe, a Box XS injection molding machine, and a Formlabs Fuse SLS laser printer. 

Additional funding will ensure the business’s stability and growth.

We have consistently operated in a pre-order mode, a strategy necessitated by ongoing demand. Despite limited advertising efforts, we have faced challenges in maintaining a timely supply of our products. To foster company growth, it is imperative that we enhance our manufacturing capacity and take greater control of our production processes.

Upon completing the addition, and manufacturing operations in-house, we have streamlined our product offerings to align with our internal manufacturing capabilities. We intend to sustain advertising efforts through Google Ads and collaborations with YouTube influencers. This strategic approach will result in a more stable and self-sufficient business model.

What You Will Receive

Upon your contribution, you will receive an invitation to electronically sign a note representing your percentage of the company, facilitated through Docusign. Following your signature, the document will be accessible for download. Your name will be included in our annual operating agreement filed with the state of Maine, or in case of significant company changes.

Exponential Growth in 2024

As the 2024 elections approach, and in light of a possible situation in Taiwan impacting shipping, and an actual situation in Israel impacting shipping, we anticipate potential supply constraints. Similar to the situation in 2020, there may be heightened demand, leading to the sale of our entire production output.

In the last two years, we’ve made significant efforts to localize our supply chain, aiming to keep it as close to our operations as possible. Even our raw plastic material is now produced within a one-hour drive from our facility.

Through this strategy, we seek to address the rising demand resulting from global instability and political disruptions in 2024, while minimizing adverse effects on our production processes.

Lathe

MIll

Injection

Laser Printer


Perks

  • Solstice first purchase opportunity
  • Early news on products
  • Quarterly insight on company strategy

Terms

  • No voting obligations
  • No signing obligations
  • Your responsibility would only entail Federal tax if a payout were to be made.

ROI Strategies

Acquisition

Our exit strategy involves acquisition by a competitor or a defense contractor, targeting a sale around 2029. Businesses are bought, not sold however, 2029 is when we estimate we’ll have captured a significant market share and will be generating substantial revenue.

Exit

While our current valuation suggests a strong future value, we plan to capitalize on projected growth, aiming for annual sales of $5 to 6 million by 2029. We’re excited about the release of our Solstice launcher, at the end of 2025, and plan to release a rifle based on the Gavle soon after. We will maximize the acquisition price by waiting for increased revenue and market positioning, ensuring a profitable and strategic exit.

Dividends

If an acquisition does not come to pass, our strategic vision does NOT encompass overseeing a company with a 50 person workforce. Once we achieve a stable product line, enhance our manufacturing capabilities, and recruit a few more key personnel, our primary focus will shift to corporate management. In this phase, it becomes prudent to allocate financial returns to our shareholders in the form of dividends.

We are confident the appropriate route will present itself in due course.


Company Value

We use the EV/EBITDA formula to determine enterprise value. Our operating income for 2024 is estimated to reach $270k.

In 2024, the EV x EBITDA industry multiple stands at 18.49X.

Source: https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html

1% of the LLC is worth $50k.

Independent advisors from the Maine Technology Institute and the State of Maine have also confirmed our company’s enterprise value at approximately $5M+.

Companies in the defense industry are valued quite differently from the valuation of a restaurant or convenience store, 2-3x yearly sales. The valuation multiple is so high because companies acquired by global defense contractors are launched to success by huge investments and the introduction to pre-existing sales networks, post acquisition.

Our strategic goal is to achieve a $21.5M+ valuation by 2027.

Annual Revenue

2021: $560k
2022: $715k
2023: $727k

2024: Expected $1.2M

With the recession, felt between Oct 22 to present, we expected to have a $500k year. With the release in the Gavle v1.5 in October, our sales skyrocketed, enough to break $1 Million by October 15 2024, and we are still feeling the effects.



The Team

Staff

Grimburg Employees

Kurt Boeker – Project Manager | Founder of Grimburg
Steve Gasper – Cerakote | Assembly | Testing
Tim Akers – Holster Maker | Machine Operator
Customer Service – Nichole Pimentel

Project Execution

Steve Gasper – Construction Lead
Tim Akers – Construction
Geoff Kinney – Interstate Rigging
Steve Ridolfi – SMR Electric
Tim Murray – Haas Machines
Gavin McDermott – Formlabs
Marko Koorneef – BOY Machines, Inc.
Zach Moreland – JVRC Insurance Services

Advisors

State Advisors

Shane Beckim – Maine Institute or Technology
Ben Chesler – Maine Institute or Technology
Adrian Horn – Maine International Trade Commission
Shaun Gill – Maine Manufacturing Extension Partnership

Investor / Advisors

Ryan Perro – Certified Professional Engineer & Machinist
Patrick Jansen – Serial Entrepreneur / Business Development
Scott Allen – Owner ADN Paintball
Josh Ogden – Mammotome Sr Director of Sales North America

Professional Advisors

Mike Lamontagne – Form Tech – Injection Molding Advisor
Melissa Levasseur – Compounding Solutions – Plastics


In Conclusion

If you’ve enjoyed the ride so far, and are looking for an alternate form of investment, please consider supporting Grimburg in their mission, building powerful, less lethal launchers, prioritizing reliability and quality for those who may not have another option for self-defense.

We’re looking to have funds in place by mid December 2024.

Business plan, forecast, and financials are available upon request.

© 2023 Grimburg | cs@grimburg.me | 207.256.9762