Designer & Inventor of Bicycle & Automotive Accessories
| Asking Price: | $3,000,000 | Inventory: | $300,000 ++ |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
PRODUCTS: The Company has 6 patents and 6 patents pending. There are also 13 active trademarks – 11 U.S., 1 Canada, and one European Union. The 6 patents are: 1. Issued 10/22/02 – Light for Vehicle Wheels. This is a valve stem light that has sold over $2 million per year (2002-2006) and is still in production and being sold in Target, Toys-R-Us and K-Mart. Has previously been sold in Walmart, Radio Shack, Walgreens, etc. 2. Issued 9/13/05 – Lighted Whistle. Not currently in production. 3. Issued 2/14/06 – Bicycle Light. This 360 Bike Lamp has the first and second shot production units going for test runs in 2009 and 2010 in large retailers. 4. Issued 7/11/06 – Lighted Toy for Pets. This pet toy is a light up motion activated catnip ball. Went to manufacturing and has been sold in Disney and licensed with Garfield the Cat. 5. Issued 1/2/07 – Motion Activated Decorative Light. Produced product “Purse Bright”, a motion activated key chain light. Many other applications such as zipper pull that lights up, necklace that lights up, etc. 6. Issued in 2008 – 12 Volt Light. 12 volt light that hooks up to 12 volt source. Automotive applications, also lighting up motorcycles, etc.
About the Business
Year Established:2001
Relocatable:Yes
Facilities:Location can be anywhere. Warehouse now iin Chicago, owner lives in Florida. Products marketed over entire US
Market Outlook and Competition:The Company is looking for a larger company to market the products and take full advantage of the opportunities that these inventions offer.
About the Sale
Management Training and Support:The owner/engineer/inventor will train and continue to offer new inventions and applications on an ongoing basis.
Reason For Selling:Inventor's business needs marketing and business oriented owner
Seller Financing:The patents are worth $2.7 million. Owner will finance or is open to creative structuring.
KEYWORDS: bike, bicycle, motorcycle, motor, manufacturing, distribution, light, accessory, invention, invent, design, kids, wheels, toy, decorative, auto, automotive, car, engineer,
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