New Personal Watercraft Product Opportunity with Patent

Portland, OR (Multnomah County)

Sit Down and Paddle Like Kayak
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Asking Price: Get Financing: $2,810,300

Established: 2017

New Personal Watercraft Product Opportunity with Patent

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Asset Sale Description

Hybrid Kayak/Stand Up Paddle Board With Superior Stability on the Water

Product Engineers and owners of this company have researched, designed, tested and patented an awesome high demand personal watercraft product that is ready to take to market. This is an ideal acquisition opportunity for an existing watercraft manufacturer, investors or entrepreneurs seeking a product consumers are asking for. Every time this boat is on the water it draws a crowd of future consumers wondering where they can buy one! This personal watercraft has a sleek, attractive, unique multi-functional design and can be utilized to paddle from either a sitting or standing position like a kayak or stand up paddle board. Product specifications include a weight of approximately 50 pounds, 9 feet in length, 4 feet wide and a draft of 6 inches with three hulls. Most importantly, its unique patented design provides superior stability contributing to a safe water experience and expanding functionality. It is unsinkable and highly stable which allows ease of use getting in and out of water and increases overall safety and functionality on the water. It allows the user to stay dry under most conditions and cannot trap the operator under water if capsized. This is an amazing new product which appeals to a variety of consumer markets and always draws a crowd while on the water. Ideal target markets include resort and vacation rentals, fishing, and anyone seeking a more stable watercraft compared to traditional kayaks and paddle boards, providing a safer experience on the water.

Detailed Information

This is an asset sale of intellectual property, equipment and inventory only. The buyer would need to have or secure manufacturing and distribution facilities. The owners of the company initially set out to create a watercraft that would allow increased safety and security on the water and provide a vessel that would not tip, allowing people with disabilities, children, seniors and others to enjoy a safe recreational water experience. Through testing and development, they have found a variety of different uses for the watercraft in addition to the initial intended market including various recreational uses, fishing, and recreational rentals. The seller is now seeking a buyer who is equipped to complete the next phases of manufacturing, distribution and sales necessary to take this product to the consumer level.
Support & Training:
1 week
Reason for Selling:
Seeking Buyer to Take Product to Market
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Daren Bucklin

Asset Sale Listed By:
Daren Bucklin

Transworld Business Advisors of East Portland

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