How to Start an Electric Cable Manufacturing Business

An electric cable manufacturing business produces a wide range of cables used for power transmission, telecommunications, electronics, and construction.

These cables typically include copper or aluminum conductors, insulation materials like PVC or XLPE, and protective sheaths.

The manufacturing process involves wire drawing, stranding, insulating, and sheathing.

Businesses in this industry cater to sectors such as energy, automotive, construction, and industrial automation, making the demand for electric cables highly reliant on infrastructure and technology development.

Globally, the electric cable market was valued at over USD 160 billion in 2023 and is projected to grow at a CAGR of around 5% through 2030, driven by rising urbanization, renewable energy projects, and smart grid investments.

Countries like China, India, and the U.S. are key growth markets due to increasing energy needs and infrastructure upgrades.

How to Write an Electric Cable Manufacturing Business Plan

  1. Executive Summary

Shannon Wright® Electric Cable Manufacturing Company, Inc., based in Denver, Colorado, is a high-performance cable production business specializing in the manufacture of premium electric cables for industrial, commercial, and residential applications.

Our product range includes power cables, control cables, and custom-designed solutions to meet the evolving needs of the energy, construction, transportation, and telecommunications sectors.

Leveraging advanced manufacturing processes and rigorous quality controls, we aim to provide durable, efficient, and safe cable products that meet both national and international standards.

The company is strategically located in Denver to benefit from access to a strong logistics network, a skilled workforce, and proximity to major infrastructure and energy projects across the western United States.

Our operations are built on a foundation of sustainability, efficiency, and innovation, with a commitment to minimizing environmental impact through the use of recyclable materials and energy-efficient processes.

With the global electric cable market projected to exceed $210 billion by 2030, Shannon Wright® is well-positioned to become a key player by offering reliable products, outstanding customer service, and scalable manufacturing capabilities tailored to meet growing demand.

  1. Company Profile

a. Our Products and Services
Our Product Line Includes:
  • Low, Medium, and High Voltage Power Cables – Used in utility grids, industrial machinery, and infrastructure projects.
  • Control Cables – Designed for signal transmission in automated systems and electrical equipment.
  • Instrumentation Cables – Used for data transmission and control in critical systems.
  • Armored and Non-Armored Cables – Providing protection in harsh and demanding environments.
  • Custom-Built Cables – Tailored to meet client-specific requirements for unique projects or systems.
Our Services Include:
  • Custom Cable Design & Engineering
  • Bulk Manufacturing & Wholesale Supply
  • Cable Testing & Quality Assurance
  • On-Site Technical Support & Consultation
  • Logistics & Timely Delivery Services.
b. Nature of the Business

Basically, our Shannon Wright® Electric Cable Manufacturing Company, Inc. will operate with both a business-to-consumer business model and a business-to-business business model for retailers and distributors.

c. The Industry

Shannon Wright® Electric Cable Manufacturing Company, Inc. will operate in the electrical equipment and wire & cable manufacturing industry.

d. Mission Statement

” At Shannon Wright® Electric Cable Manufacturing Company, Inc., our mission is to deliver high-quality, reliable, and innovative electric cable solutions that power industries and communities.

We are committed to excellence in manufacturing, sustainability in our processes, and responsiveness to our clients’ evolving needs.

Through cutting-edge technology and dedicated service, we aim to be a trusted partner in powering the future.”

e. Vision Statement

“Our vision at Shannon Wright® Electric Cable Manufacturing Company, Inc. is to be a global leader in electric cable innovation, quality, and sustainability.

We strive to set the standard for excellence in the wire and cable manufacturing industry by continuously improving our products, embracing advanced technologies, and expanding our reach to serve diverse markets with dependable solutions that empower growth, safety, and progress worldwide.”

f. Our Tagline (Slogan)

Shannon Wright® Electric Cable Manufacturing Company, Inc. – Wired for Excellence. Powered by Innovation.”

g. Legal Structure of the Business (LLC, C Corp, S Corp, LLP)

Shannon Wright® Electric Cable Manufacturing Company, Inc. will be formed as a Limited Liability Company (LLC).

h. Our Organizational Structure
  • Chief Executive Officer (Owner)
  • Production Manager
  • Quality Control Supervisor
  • Electrical Engineer
  • Logistics Coordinator
  • Maintenance Technician
  • Production Workers
  • Customer Service Representative.
i. Ownership/Shareholder Structure and Board Members
  • Shannon Wright (Owner and Chairman / Chief Executive Officer) 52 Percent Shares
  • Jude Alison (Board Member) 18 Percent Shares
  • Phil Enderson (Board Member) 10 Percent Shares
  • Francis Nevis (Board Member) 10 Percent Shares
  • Carmella Brown (Board Member and Secretary) 10 Percent Shares.
  1. SWOT Analysis

a. Strength
  • High-Quality Product Line: Shannon Wright® manufactures durable, efficient, and industry-compliant cables, meeting both national and international safety standards.
  • Strategic Location in Denver: Being based in Denver offers logistical advantages, including access to raw materials, skilled labor, and major infrastructure projects in the western U.S.
  • Customization Capabilities: We offer tailor-made cable solutions for diverse industries, giving us a competitive edge in specialized markets.
  • Commitment to Sustainability: Use of recyclable materials and energy-efficient processes supports environmental goals and appeals to eco-conscious clients.
  • Strong Brand Identity: Our registered brand name and focused mission strengthen our market presence and build customer trust.
b. Weakness
  • High Initial Capital Investment: The cost of machinery, skilled labor, and raw materials can be a significant financial burden during the startup and scaling phases.
  • Limited Market Penetration (Early Stage): As a new entrant, we may face challenges in gaining market share against well-established competitors.
  • Supply Chain Dependency: Dependence on third-party suppliers for raw materials may expose us to risks like price volatility and delivery delays.
c. Opportunities
  • Growing Demand for Smart Grids and Renewable Energy: Electric cable demand is surging due to infrastructure upgrades, clean energy transitions, and smart city projects.
  • Technological Advancements: Investing in automation, AI-based quality testing, and smart cable technologies can enhance efficiency and open new market segments.
  • Government Infrastructure Spending: Federal and state investments in energy and transportation infrastructure present lucrative long-term contracts and partnerships.
  • Export Potential: Expanding to international markets, especially in developing countries, offers opportunities to diversify revenue streams.
i. How Big is the Industry?

The electrical equipment and wire & cable manufacturing industry is a very big industry, and available data shows that it surpassed $160 billion globally in 2023, with projections indicating steady growth driven by infrastructure development, renewable energy, and smart technology integration.

ii. Is the Industry Growing or Declining?

According to the latest statistics, the electrical equipment and wire & cable manufacturing industry has grown strongly in recent years.

Available data shows that the global market exceeded $160 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of around 5% through 2030.

This growth is fueled by rising energy demands, urban development, and smart infrastructure investments.

iii. Future Trends in the Industry

The electrical equipment and wire & cable manufacturing industry is evolving rapidly due to technological advancements and shifting market demands.

One major trend is the increased adoption of smart cables embedded with sensors and IoT technology, enabling real-time monitoring of performance, improving safety, and reducing maintenance costs.

These innovations support smart grid development and energy-efficient systems worldwide.

Sustainability is another key focus, with manufacturers moving towards eco-friendly materials, recyclable components, and greener production processes.

This shift is driven by stricter environmental regulations and growing customer demand for sustainable products.

Companies are investing in renewable energy applications, such as cables designed specifically for solar and wind power installations.

Automation and digitalization in manufacturing processes are improving production efficiency and quality control.

Robotics, AI-driven inspection, and data analytics help reduce errors, lower costs, and accelerate delivery timelines.

Finally, expanding global infrastructure projects, especially in emerging markets, are increasing demand for high-performance cables, encouraging manufacturers to innovate and scale their operations to meet these new challenges.

iv. Are There Existing Niches in the Industry? 

No, there are no existing niches when it comes to the electric cable manufacturing business.

v. Can You Sell a Franchise of your Business in the Future?

Shannon Wright® Electric Cable Manufacturing Company, Inc. will not sell a franchise in the future.

d. Threats
  • Intense Industry Competition: Global giants and established domestic manufacturers pose significant competitive pressure in pricing, innovation, and scale.
  • Regulatory Changes: Shifting compliance standards, safety codes, and environmental laws can impact production processes and costs.
  • Raw Material Price Fluctuations: Volatile costs of copper, aluminum, and polymers can erode profit margins and affect pricing stability.
  • Technological Disruption: Rapid advancements in alternative materials or energy transmission technologies may reduce demand for traditional cables.
i. Who are the Major Competitors?
  • Southwire Company, LLC
  • General Cable Corporation (now part of Prysmian Group)
  • Nexans North America
  • Belden Inc.
  • Encore Wire Corporation
  • Superior Essex Inc.
  • AFL Global
  • General Cable Technologies Corporation
  • CommScope Inc.
  • Alpha Wire Corporation
  • Leviton Manufacturing Co., Inc.
  • Okonite Company, Inc.
  • Coleman Cable, Inc.
  • Berkshire Hathaway Cable Group
  • ZESCO LLC
  • TPC Wire & Cable Corp.
  • Granite Cable Group
  • South Easton Wire & Cable
  • Voltec Power & Lighting
  • Huber+Suhner Inc.
ii. Is There a Franchise for Electric Cable Manufacturing Business? 

No, there are no franchise opportunities for an electric cable manufacturing business.

iii. Are There Policies, Regulations, or Zoning Laws Affecting Electric Cable Manufacturing Business in the United States of America?

The electric cable manufacturing business in the United States is subject to various policies, regulations, and zoning laws designed to ensure safety, environmental protection, and operational compliance.

Federal regulations from agencies such as the Occupational Safety and Health Administration (OSHA) govern workplace safety standards, requiring manufacturers to maintain safe working environments and proper handling of hazardous materials.

Furthermore, the Environmental Protection Agency (EPA) imposes rules on emissions, waste disposal, and the use of certain chemicals during cable production.

State and local governments also enforce zoning laws that affect where manufacturing facilities can be located.

These zoning regulations typically restrict industrial activities to designated zones to minimize environmental and noise impacts on residential and commercial areas.

Compliance with local building codes and permits is necessary to operate legally.

Moreover, product standards and certifications, such as those from the National Electrical Manufacturers Association (NEMA) and Underwriters Laboratories (UL), ensure that cables meet strict safety and performance criteria.

Non-compliance can result in penalties, legal issues, or market restrictions.

Overall, electric cable manufacturers must navigate a complex regulatory landscape that influences site selection, production processes, environmental stewardship, and product quality, requiring continuous attention and adaptation.

  1. Marketing Plan

a. Who is Your Target Audience?

i. Age Range: 25 to 55 years old – primarily professionals and decision-makers in engineering, construction, and procurement.

ii. Level of Education: Bachelor’s degree or higher, often in engineering, technical fields, business, or project management.

iii. Income Level: Mid to high income – typically business owners, purchasing managers, and executives with significant purchasing power.

iv. Ethnicity: Diverse and inclusive, reflecting the multicultural business environments across the U.S.

v. Language: Primarily English, with some demand for Spanish in bilingual regions.

vi. Geographical Location: Focus on the United States, especially urban and industrial hubs, infrastructure growth areas, and western states including Colorado and neighboring regions.

vii. Lifestyle: Professionally driven, efficiency-focused, environmentally conscious, and innovation-oriented individuals who prioritize quality, reliability, and sustainability in industrial solutions.

b. Advertising and Promotion Strategies
  • Build Relationships with players in the manufacturing industry and the electric cable retail industry.
  • Deliberately Brand All Our Vans and Trucks.
  • Develop our Business Directory Profiles
  • Tap Into Text Marketing
  • Make Use of Billboards.
  • Share our Events in Local Groups and Pages.
  • Turn our Social Media Channels into a Resource
i. Traditional Marketing Strategies
  • Marketing through Direct Mail.
  • Print Media Marketing – Newspapers & Magazines.
  • Broadcast Marketing -Television & Radio Channels.
  • Out-of-Home” marketing (OOH marketing) – Public Transits like Buses and Trains, Billboards, Street shows, and Cabs.
  • Leverage on direct sales, direct mail (postcards, brochures, letters, fliers), trade shows, print advertising (magazines, newspapers, coupon books, billboards), referral (also known as word-of-mouth marketing), radio, and television.
ii. Digital Marketing Strategies
  • Social Media Marketing Platforms.
  • Influencer Marketing.
  • Email Marketing.
  • Content Marketing.
  • Search Engine Optimization (SEO) Marketing.
  • Affiliate Marketing
  • Mobile Marketing.
iii. Social Media Marketing Plan
  • Start using chatbots.
  • Create a personalized experience for our customers.
  • Create an efficient content marketing strategy.
  • Create a community for our target market and potential target market.
  • Gear up our profiles with a diverse content strategy.
  • Use brand advocates.
  • Create profiles on the relevant social media channels.
  • Run cross-channel campaigns.
c. Pricing Strategy

When working out our pricing strategy, Shannon Wright® Electric Cable Manufacturing Company, Inc. will make sure it covers profits, insurance premiums, license, economy, value, and the full package.

In all our pricing strategy will reflect;

  • Penetration Pricing
  • Cost-Based Pricing
  • Value-Based Pricing
  • Competition-Based Pricing.
  1. Sales and Distribution Plan

a. Sales Channels

At Shannon Wright® Electric Cable Manufacturing Company, Inc., we sell our products through various channels.

These include direct sales to industrial clients and businesses, online sales through our e-commerce platform for consumer products, and partnerships with distributors and wholesalers for wider market reach.

We also have a dedicated sales team that establishes relationships with clients, provides product information, and offers personalized solutions.

Our goal is to make our high-quality electric cable products accessible to a diverse range of customers, ensuring convenience, efficiency, and satisfaction in every transaction.

b. Inventory Strategy

At Shannon Wright® Electric Cable Manufacturing Company, Inc., our inventory strategy focuses on maintaining optimal levels of raw materials, components, and finished products to ensure seamless production and timely delivery.

By carefully balancing stock levels, we minimize holding costs while avoiding shortages that could disrupt manufacturing schedules.

This approach enables us to respond quickly to customer orders and market demand fluctuations without compromising quality or lead times.

We utilize advanced inventory management systems and data analytics to forecast demand accurately and streamline supply chain operations.

This proactive strategy supports our commitment to efficiency, cost-effectiveness, and exceptional customer service, helping us maintain a competitive edge in the electric cable industry.

c. Payment Options for Customers
  • Credit Card
  • Debit Card
  • PayPal
  • Apple Pay
  • Google Pay
  • Bank Transfer
  • Cash on Delivery (COD)
d. Return Policy, Incentives, and Guarantees
Return Policy:

At Shannon Wright® Electric Cable Manufacturing Company, Inc., we stand behind the quality of our products.

If you’re not completely satisfied with your purchase, we offer a hassle-free return policy.

Simply contact our customer service team within 7 days to initiate a return or exchange.

Products must be in their original condition and packaging for a full refund or replacement.

Incentives:

To show our appreciation for your business, we offer various incentives and rewards programs.

These may include discounts on bulk purchases, loyalty points redeemable for future purchases, and exclusive promotions or sales for our valued customers.

In addition, we periodically offer special deals and incentives to encourage new customers to try our products and reward returning customers for their continued support.

Guarantees:

At Shannon Wright® Electric Cable Manufacturing Company, Inc., we guarantee the quality and performance of our products through rigorous testing and strict adherence to industry standards.

Each cable undergoes comprehensive inspections, including electrical, mechanical, and environmental tests, to ensure durability, safety, and reliability.

We are committed to using only premium materials and employing advanced manufacturing techniques, giving our customers confidence that every product meets or exceeds regulatory requirements and performs optimally in even the most demanding applications. Your satisfaction and safety are our top priority.

e. Customer Support Strategy

Customer support is an important aspect of any business, including Shannon Wright® Electric Cable Manufacturing Company, Inc., hence we will make sure to provide multiple channels for customers to reach out and seek support.

This will include a dedicated customer support phone line, email address, and online chat option on the company’s website.

This will foster strong customer relationships through personalized communication, customer feedback mechanisms, and loyalty programs to enhance customer satisfaction and brand loyalty.

We will implement a system that allows customers to track their orders and receive regular updates on the status of their deliveries.

This transparency helps build trust and reduces customer anxiety about the progress of their purchases.

We will regularly evaluate and analyze customer support metrics, such as response times, customer satisfaction scores, and complaint resolution rates.

Identify areas that require improvement and implement strategies to enhance the overall customer support experience.

  1. Operational Plan

At Shannon Wright® Electric Cable Manufacturing Company, Inc., our operational plan focuses on efficiency, quality, and innovation. We prioritize streamlined production processes, utilizing advanced technology and rigorous quality control measures to ensure the highest standards in our products.

Our skilled workforce is dedicated to continuous improvement, optimizing workflows, and minimizing waste.

We maintain strong relationships with suppliers to secure reliable access to raw materials.

Also, we invest in research and development to innovate new formulations and stay ahead of market trends.

Through effective management and strategic planning, we aim to deliver superior electric cables, exceed customer expectations, and drive sustainable growth.

a. What Happens During a Typical Day at an Electric Cable Manufacturing Business?

A typical day at an electric cable manufacturing business begins with raw material inspection and preparation, ensuring that quality copper, aluminum, and insulation materials meet specifications.

Production teams then operate specialized machinery to draw wires, strand conductors, apply insulation, and assemble cables according to customer orders.

Throughout the day, quality control technicians conduct tests and inspections to ensure compliance with safety and performance standards.

Simultaneously, logistics and inventory teams manage stock levels, coordinate shipments, and communicate with suppliers and clients.

Maintenance staff routinely service equipment to minimize downtime, while management oversees operations, schedules, and continuous improvement initiatives to maintain efficiency and meet delivery deadlines.

b. Production Process

At Shannon Wright®, our production process is designed to ensure the highest quality and efficiency in manufacturing electric cables.

It begins with the careful selection and inspection of raw materials such as copper, aluminum, and insulating compounds to meet stringent quality standards.

Next, the materials undergo wire drawing, where metal rods are stretched into thin wires with precise diameters.

These wires are then stranded together to form conductors, followed by the application of insulation layers using advanced extrusion techniques.

After insulation, cables are assembled with protective sheathing and, where required, armored for added durability.

Throughout production, our quality assurance team performs rigorous electrical, mechanical, and environmental tests to ensure product reliability and safety.

Finally, finished cables are carefully packaged and prepared for timely delivery to customers.

c. Service Procedure

At Shannon Wright® Electric Cable Manufacturing Company, Inc., our service procedure is designed to ensure seamless customer satisfaction. It begins with thorough communication to understand the client’s needs.

Our experienced team then recommends suitable products or formulations tailored to their requirements.

Upon confirmation, we expedite order processing and maintain transparent communication throughout.

We offer flexible delivery options, ensuring timely receipt of products. Following delivery, our customer support remains accessible for any inquiries or assistance needed.

We prioritize client feedback to continuously improve our services and product offerings.

d. The Supply Chain

At Shannon Wright® Electric Cable Manufacturing Company, Inc., our supply chain is meticulously managed to ensure seamless operations and product availability.

We maintain strong relationships with trusted suppliers to secure high-quality raw materials.

Upon receipt, materials undergo rigorous quality checks before being processed in our manufacturing facilities.

Our efficient logistics system facilitates the timely transportation of finished products to distribution centers and customers.

We prioritize transparency and communication throughout the supply chain to anticipate and address any potential disruptions.

Continuous monitoring and optimization efforts ensure reliability, efficiency, and sustainability in our supply chain operations, allowing us to meet customer demands and uphold our commitment to excellence.

e. Sources of Income

Shannon Wright® Electric Cable Manufacturing Company, Inc. will make money from selling a wide variety of electric cables.

  1. Financial Plan

a. Amount Needed to Start Your Electric Cable Manufacturing Company?

Shannon Wright® Electric Cable Manufacturing Company, Inc. would need an estimate of $1.2 million to successfully set up our electric cable manufacturing company in the United States of America.

Please note that this amount includes the salaries of all our staff for the first month of operation.

b. What are the Costs Involved?
  • Legal and administrative costs (the cost of obtaining business licenses and permits, registering the business, and consulting with attorneys and accountants): $12,500
  • Machines, Equipment, and supplies (raw materials): $700,000
  • Staffing costs: $150,000
  • Rent/lease: $350,000
  • Marketing and advertising costs: $5,000
  • Insurance costs: $6,800
  • Miscellaneous Expenses: $5,000.
c. Do You Need to Build a Facility? If YES, How Much will it cost?

Shannon Wright® Electric Cable Manufacturing Company, Inc. will not build a new facility for our electric cable manufacturing company; we intend to start with a long-term lease, and after 8 years, we will start the process of acquiring our own production facility.

d. Ongoing Expenses for Running an Electric Cable Manufacturing Company
  • Raw Materials: Purchasing copper, aluminum, plastic polymers, insulation materials, and other essential inputs is one of the largest recurring costs.
  • Labor Costs: Salaries and benefits for production workers, engineers, quality control staff, maintenance crews, and administrative personnel.
  • Utilities: Electricity, water, and gas are heavily consumed in manufacturing processes, especially during extrusion and wire drawing.
  • Equipment Maintenance: Regular servicing, repairs, and parts replacement for production machinery and quality testing equipment.
  • Quality Control and Testing: Costs for lab supplies, testing tools, calibration services, and certifications.
  • Logistics and Transportation: Expenses for inbound raw materials and outbound shipment of finished goods, including warehousing and distribution.
  • Packaging Materials: Boxes, reels, wraps, and labeling.
  • Insurance and Compliance: General liability, property, equipment, and workers’ compensation insurance, along with compliance-related fees.
  • Marketing and Sales: Costs related to advertising, trade shows, digital marketing, and client outreach.
  • Office and Administrative Overhead: Office supplies, software, internet, phones, and facility upkeep.
e. Average Salary of your Staff
  • Chief Executive Officer – $120,000 Per Year
  • Production Manager – $85,000 Per Year
  • Electrical Engineer – $80,000 Per Year
  • Quality Control Supervisor – $70,000 Per Year
  • Logistics Coordinator – $70,000 Per Year
  • Maintenance Technician – $70,000 Per Year
  • Production Workers – $50,000 Per Year
  • Customer Service Representative – $45,000 Per Year.
f. How Do You Get Funding to Start an Electric Cable Manufacturing Business?
  • Raising money from personal savings and the sale of personal stocks and properties
  • Raising money from investors and business partners
  • Sell shares to interested investors
  • Applying for a loan from your bank/banks
  • Pitching your business idea and applying for business grants and seed funding from, government, donor organizations, and angel investors
  • Source for soft loans from your family members and your friends.
  1. Financial Projection

a. How Much Should You Charge for Your Product/Service?

THHN/THWN Building Wire (Copper)

  • Gauge 12 AWG: $0.25 – $0.40 per foot
  • Gauge 10 AWG: $0.40 – $0.65 per foot
  • Gauge 8 AWG: $0.60 – $1.00 per foot
Romex® NM-B Indoor Electrical Cable (Copper)
  • 12/2 (with ground): $0.85 – $1.50 per foot
  • 10/2 (with ground): $1.20 – $2.10 per foot
  • 250 ft roll (12/2): $200 – $350
Underground Feeder (UF-B) Cable
  • 12/2 UF-B: $1.00 – $1.80 per foot
  • 10/2 UF-B: $1.50 – $2.70 per foot
Service Entrance (SE) Cable (Aluminum)
  • 4/0-4/0-4/0 SER: $4.00 – $6.50 per foot
  • 2-2-2-4 AL SER: $2.00 – $3.50 per foot
Coaxial Cable (RG6)
  • Standard RG6: $0.10 – $0.25 per foot
  • 1000 ft reel: $80 – $200
Control and Instrumentation Cable
  • Multi-core, shielded: $1.00 – $3.00 per foot
  • Custom industrial grade: $2.50 – $10.00+ per foot
Fiber Optic Cable
  • Single-mode (bulk): $0.30 – $1.00 per foot
  • Multi-mode (bulk): $0.50 – $1.50 per foot
  • Pre-terminated kits: $100 – $500+ depending on length/connectors
High Voltage Power Cables (Industrial)
  • 15kV Medium Voltage Cable: $5.00 – $20.00+ per foot
  • 35kV Armored Cable: $20.00 – $50.00+ per foot

These prices can fluctuate due to copper and aluminum market volatility, order volume, and supplier.

Bulk buyers (contractors, utility companies, manufacturers) often receive significant discounts.

b. Sales Forecast?
  • First Fiscal Year (FY1): $900,000
  • Second Fiscal Year (FY2): $1.5 million
  • Third Fiscal Year (FY3): $3.2 million
c. Estimated Profit You Will Make a Year?
  • First Fiscal Year (FY1) (Profit After Tax): 15%
  • Second Fiscal Year (FY2) (Profit After Tax): 20%
  • Third Fiscal Year (FY3) (Profit After Tax): 25%
d. Profit Margin of an Electric Cable Manufacturing Company 

The ideal profit margin we hope to make at Shannon Wright® Electric Cable Manufacturing Company, Inc. will be between 15 and 25 percent depending on the sales volume.

  1. Growth Plan

a. How do you intend to grow and expand? By opening more retail outlets/offices or selling a Franchise?

Shannon Wright® Electric Cable Manufacturing Company, Inc. will grow our electric cable manufacturing company by partnering with key players across different countries.

We expect revenues to increase as our brand gains recognition and consumer demand for sustainable products rises.

We have secured funding to support our initial operations and expansion plans.

b. Where do you intend to expand to and why? (Geographical Locations)

Shannon Wright® Electric Cable Manufacturing Company, Inc. plans to expand to the following cities.

  • Houston, Texas
  • Baton Rouge, Louisiana
  • Chicago, Illinois
  • Philadelphia, Pennsylvania
  • Atlanta, Georgia
  • Detroit, Michigan
  • Los Angeles, California
  • New York City, New York
  • Dallas, Texas
  • San Francisco, California.

We are expanding to these cities because these cities have a high demand for electric cable, and we can easily access our raw materials in these cities.

Internationally, we intend to expand to Africa and South America.

  1. Exit Plan

Shannon Wright® Electric Cable Manufacturing Company, Inc. has a well-considered exit plan through mergers and acquisitions (M&A) that aligns with our long-term strategic vision.

As we establish ourselves as a leader in sustainable, electric cable, we anticipate attracting the attention of potential strategic partners or larger corporations seeking to expand their products in the eco-conscious electric cable industry.

We aim to secure the longevity and growth of Shannon Wright® Electric Cable Manufacturing Company, Inc. within a larger entity, allowing us to tap into additional resources, distribution channels, and markets, all while maintaining our focus on quality, innovation, and environmental responsibility.

This exit strategy positions us for continued success and influence in the electric cable market.