Everything Steve Holmes said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Holmes: Springfree Trampoline saw a 300% demand surge during COVID lockdowns.
“300%.”
Holmes: Springfree redeployed retail staff to field 700 to 800 calls daily
“So when our retail stores shut down, those people stepped up, they got on the phone, We were running, you know, seven, 800 calls a day, not missing one of them.”
Holmes: Acquiring the Springfree Trampoline Patent Cost Close to $1 Million
“To buy everything when everything was all said and done and all the settlements at the university, I think it was probably close to that, yes.”
Holmes: Springfree Spent an Entire Year Developing Its Safety Enclosure
“So we didn't sell any products, we didn't make any products, we just spent a year building an enclosure for the Spring Free Enclosure.”
Holmes: Early Springfree Trampolines Cost About $1,450 Each to Manufacture
“They were costing about 1400 and 50 dollars To make one.”
Holmes: Springfree Kept Proprietary Parts Local While Moving Steel to China
“Even to this day, most of the original Manufacturing components, the rods and the net material that we use, we're using the exact same manufacturing partners. They've come a long way, the whole way through the whole journey. We've never deviated from that, but…”
Holmes: Costco Represented 90% of Springfree's Distribution Prior to 2007
“Virtually in, in the northern hemisphere and are only. We were selling direct in places where we could, but they were basically 90% of our distribution.”
Holmes: 50% of Early Sales Came From Word-of-Mouth Customer Referrals
“If a spring-free customer has a spring-free trampoline, if a parent who says, well, I really don't like trampolines, they'll sell it for me to other friends and neighbors, and 50% of our sales came from our customers.”
Holmes: Springfree Invested $7M in Manufacturing and Raised $3M in Debt
“We probably invested maybe five to seven million dollars in the factory construction and then a couple more million in some other stores. And I think we had a debt raise of about, at the time, three million dollars.”
Holmes: Springfree Trampoline Sells Approximately 30,000 Units Annually
“You know, we look at, you know, our probably 30,000 is our annual volume, and we build our business model around that.”
Holmes: Global trampoline market was roughly $500M-$600M in 2003
“I think that we had measured that we thought that the trampoline market, that maybe it was a five to six hundred million dollar trampoline market globally.”
Costco Canada's Initial Springfree Trial Order Was 400 Units
“The first order was 400 pieces on a trial.”
Holmes: Global Trampoline Market Was Estimated at $500M-$600M in 2003
“I think that we had measured that we thought that the trampoline market, that maybe it was a five to six hundred million dollar trampoline market globally.”
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