Sit Down and Paddle Like KayakSave

Market Ready Multi-Use Unique Personal Watercraft with Patent


Asking Price: $750,000

Asset Sale Description
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 to take to market or to partner with developer for manufacturing. 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. Primary asset of this sale is the intellectual property and patent along with training from seller to support manufacturing product. Seller is open to various deal structure options seeking to sell or partner with buyer. This product has been appraised for intellectual property and the list price is under appraised value.
Detailed Information
Years in Operation
8
Facilities & Assets
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 initi
About the Sale
Transition Support
1 week
Seller Motivation
Seeking Buyer to Take Product to Market
Listing Info
ID
1506248
Listing Views
2318

Contact Seller

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Business Listed by: Daren Bucklin Transworld Business Advisors of Portland

Listing ID: 1506248 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.