Child Monitoring Device Company For Sale
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $809276
Net Profit / Cash Flow $376463
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Inventory 7500
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Will train for 2 weeks at no cost.
Reason for Sale New business opportunity.
Description The owner of this company is a first time inventor. Seeing the need and market for a new product, he started a business and filed for a patent in early 2006; a US Patent was granted in 2008. Since the product entered the retail market in late 2006, the product has been a hit, generating annual sales of $809,276 in 2011 and expected to be about the same in 2012.
The product is currently sold throughout the United States via mass retail stores, websites, independent retailers, and around the world via distributors and direct sales through the company's website. The owner has established a solid, streamlined set of systems and processes that allows the business to fully operate and achieve the current sales level with and input of approximately 20 man-hours per week.
Opportunities to increase sales and develop additional products under that patent are readily available; they are as extensive as the creativity of the new owner. The seller has achieved his personal goal of bringing the product to market product, and is ready to hand this on to a new owner and provide them support so they can continue his success.
Sales Price: $799,000
Contact: Andrew Rogerson
Phone: 916-570-2674
Click Here To Contact Seller
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