Seller Financing Available
Business Description
This company manufactures and distributes waterless vaporizers, dehumidifiers, air purifiers and aromatherapy units for the home and auto marketplace. The business has a presence in US and European markets with a customer base that includes several Fortune 500 companies. The business has an established brand and a patented product line which gives it a competitive advantage. Historically, the revenue for this business averaged $1.5 million on an annual basis. Due to a lawsuit, sales numbers declined significantly. Now that the lawsuit is settled, there are new opportunities to regain lost sales and grow the business. For the past four years, sales volume has averaged $223,000 with approximately $35,000 in discretionary earnings. The asking price of $350,000 includes $160,000 of equipment, 5 patents, licenses, UL certifications and trademarks. Also included is $310,000 worth of inventory at cost.
Detailed Information
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Facilities:
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The business sale includes $160,000 worth of equipment, patents, trademarks and licenses. Also included is $301,000 worth of inventory at cost.
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Competition:
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The Business is in a mature industry with small group of competitors
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Growth/Expansion:
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The company recently received an order commitment from a nationally based distribution association which is expected to significantly increase sales. There is opportunity to develop private label for Fortune 500 companies such as Wal-Mart and Walgreens.
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Financing:
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negotiable
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Support/Training:
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The owner is willing to help with transition over reasonable time frame
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Reason Selling:
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One of the business partners is looking to transition out.
Ad#: 563318
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