Simple Idea Brings in $6 Million

June 8, 2006 at 6:33 pm 2 comments

THE ENTREPRENEUR: Kate Adams, 46, founder of Snap-Saver LLC in San Diego

PRODUCT DESCRIPTION: Snap-Saver food-storage containers, which come in five sizes, keep kitchen cupboards organized by offering a unique feature–each lid snaps to the bottom of the container, so users never have to search for matching lids. Snap-Saver lids also snap to each other. Early customers included East Coast chains Boscov's, Organized Living and Wegman's. In March 2005, the company had its first run on QVC, and sales to Sears stores nationwide started in September 2005.

STARTUP: $12,000, which Adams spent to obtain a patent and develop a computer simulation video of her product

SALES: Projected to hit $6 million in 2006

http://www.findarticles.com/p/articles/mi_m0DTI/is_12_33/ai_n15896777

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Entry filed under: Internet Startup.

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2 Comments Add your own

  • 1. bextreme  |  June 16, 2006 at 4:33 am

    And i still re-use my “icant believe its not butter” tubs for everything!
    What do you use yours for?

    Reply
  • 2. Bisi  |  June 16, 2006 at 11:19 am

    Hmm ! You do have a point there .

    Reply

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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