January 15, 2022 – 12:03 PM
A Kelowna manufacturing enterprise that began in a storage is exploding in recognition, partially due to an look on the favored Canadian actuality present Dragons’ Den although the proprietor turned down the provided offers.
Limitless Manufacturing builds high-end snowmobile decks and tonneau covers to haul energy sport autos, like quads and snowmobiles. The tonneau cowl retains rain and snow out of the field of a pickup truck and might have as much as 2,000 lbs on high, whereas nonetheless having storage beneath.
Chase Van Buuren began Limitless seven years in the past, in his residence’s storage.
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“I first began as an influence sports activities technician, I used to be into energy sports activities, and I used to be all the time artistic, taking part in within the store and tinkering,” Van Buuren mentioned.
Van Buuren had all the time wished to construct his personal truck, one factor led to a different, and he ultimately acquired his personal design software program and began slowly constructing his model.
“5 years in, I used to be nonetheless understanding of my home storage, and understanding the small print of the product,” Van Buuren mentioned.
Ultimately, he began promoting the components he was making to dealerships, and the enterprise shortly snowballed.
In November, Van Buuren pitched Limitless Manufacturing on Dragons’ Den the place he requested for $1 million for 15% of the corporate.
All 5 dragons had been impressed with the merchandise, and the projected gross sales and revenue margins. Arlene Dickinson and Wes Corridor provided Van Buuren the $1 million and requested for 10% of royalties till they acquired 3 times their capital again.
Nevertheless, when Van Buuren pitched his enterprise to the dragons, his manufacturing facility was already within the works, and he had a big dealership chain already established.
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“I had utilized to Dragons’ Den the 12 months earlier than, however as a result of it was postponed due to COVID, we had pure progress,” Van Buuren mentioned.
After filming, the stock was purchased out with giant orders coming in, and Van Buuren ended up not needing the dragon’s assist and declined their provide.
“I didn’t want the cash, I had nowhere to place it as a result of I couldn’t purchase supplies even when I wished them,” Van Buuren mentioned. “Suppliers had been saying it was going to be no less than six months earlier than new supplies would are available in, I had all the pieces I might get, and I couldn’t even purchase extra.”
Though Van Buuren didn’t settle for the deal, he did see a rise in tonneau cowl gross sales after the episode aired.
Since then, he is been doing all the pieces he can to get extra supplies and guarantee clients obtain their merchandise shortly.
“We’re undoubtedly combating the availability chain probably the most,” he mentioned.
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Van Buuren attributes to the fast success of his firm to in-house manufacturing.
“We’ve no downtime ready for outsourced work, we introduced all the pieces in-house, saved the standard of labor up, employed the proper individuals, and so they made it occur,” Van Buuren mentioned.
Regardless of having a lot success, getting up to now has not been simple, as Van Buuren has needed to overcome many challenges, from materials shortages, bottlenecks with transport, and increasing his firm at first of the pandemic.
“It has been a relentless battle, however our large progress years had been throughout COVID,” Van Buuren mentioned. “COVID has accelerated our progress as a result of everybody makes use of our merchandise to get out and discover and transport their toys.”
Though there have been challenges, seeing the thrill clients have concerning the product, makes the sleepless nights price it for Van Buuren.
“It’s had its ups and down’s, it comes with loads of stress, however it’s all the pieces I had hoped for on the similar time,” he mentioned.
Going ahead, Van Buuren is engaged on merchandise for the upcoming season and plans to develop his workforce.
“We’re working a minimal of 14 hours a day, six to seven days per week. My workforce caught by me the entire method, and I owe them loads of credit score,” Van Buuren mentioned. “We’re trudging alongside, and we’re doing all the pieces we are able to to fulfill demand, we’re a small firm.”
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