Dr. Invented Pediatric Care Products w/Patent

Chicago, IL (Cook County)

Dr. Invented Pediatric Care Products w/Patent
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Asking Price: Get Financing: $600,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2014

Dr. Invented Pediatric Care Products w/Patent

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Business Description

Although the current owner of this business is a doctor, a new owner does not need to be an MD! Developing smarter products that parents can use every day, this business is tapping into the multi-billion-dollar global baby market and is poised for additional growth. This business just earned a Walmart contract!

Based in the US, the business has national and international distribution. There are three main product lines targeted to parents with children aged birth to 11 years. Two of the three products have design trademarks and pending design patents, one is currently patented. ERP system is proprietary. Additional products are currently in development.

Distribution points include major online retailers, independent pharmacies and baby stores, and health-based retail stores. Growth opportunities include breaking into hospital sales, develop current product line for geriatric use (an untapped market), expand into big box stores and using additional strategic marketing.

There are six part-time and one full-time employees on staff, including Director of Business Development; Marketing; Accounting: IT; Manufacturing oversight; E-Commerce Manager and Operations. Two employees are based outside the US – one in China and one in India. The Director of Business Development is fully capable of running the business and would likely stay on after the sale.

The owner’s focus is on R&D, contract negotiations, employee management, and financial models. One owner is willing to stay on past transition to assist with R&D.

Due to this product’s ease of use, it would be great for hospitals, care centers, medical centers, therapists, pediatric physicians, and day care centers.

Attached Documents


Detailed Information

Employees:
6
Facilities:
Reason for Selling: The developer of this product is a full-time ER doctor who meticulously designed and developed this product. The owner wants to see the product in every American household and is looking for the right strategic buyer to take this product to the next level!
Growth & Expansion:
Hospital sales; develop existing product lines to geriatric use; expand into big box stores; additional marketing
Support & Training:
Negotiable; Seller willing to stay on to assist with R&D
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Cortney Sells

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Cortney Sells

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