Although based in land-locked Garland, Texas, Deep Sea Aquatics is an industry leader in "tailor-made aquariums." Founded by Daniel A. Engmark in 2006, the company manufactures both standard and custom glass aquariums. Thanks to the Risk Management Small Business Development Center of North Texas, Engmark's company is thriving.
After receiving an SBA loan at startup, Engmark was referred to the Risk Management SBDC, part of the North Texas Small Business Development Center Network. There, Director Bill Weddle advised the new business owner on external and internal risks, along with product pricing, supplier chain, resource allocation, and other decision risk factors.
When the recession hit, Engmark was ready with a plan and cash on hand. He decided that he was not going to lay off employees, and in fact, continued to hire, Weddle said. Engmark was able to buy needed equipment at big discounts. He purchased another aquarium manufacturer, doubling the size of his company, and then sold 30 percent to the largest aquarium manufacturer and distributor in Canada bringing in a true international partner.
With sales projections in excess of $1 million this year, Deep Sea Aquatics future is as big as the ocean.