* Innovative product with unmatched efficiency
* Risk mitigating long history and large installed base
* “Pre-retirement gig owner” – large growth potential
* Very short cash cycle – little cash/capital investment required

The company’s line of infrared heaters are the most efficient spot heaters on the market today – and not by just a little bit. Its innovative Compound Reflective Lens focuses heat energy by up to 5x, allowing its heater to project more heat to a target - a lot more - even though its heater is smaller and/or mounted further away!

Only heater with a heat-focusing lens:
Groundbreaking efficiency, Precision Spot Heat from distance, Much smaller carbon footprint

A great opportunity - this business has a 40+ year history, an installed base of well over 10,000 infrared heaters, and has achieved sales approximately 10x current levels.
The company manufactures and sells a series of gas and electric infrared heaters and supporting parts. The product’s value stems from its “lens” which can focus and project heat without moving parts – making the company’s IR spot heaters the most efficient on the market – by a lot.
The advantages are stark – these heaters can deliver up to 5 times more heat energy - allowing greater comfort, installation of smaller heaters or the placement of heaters further away - saving capital and energy costs while helping to meet green energy targets, all while delivering more heat!
Thousands of the company’s heaters are installed throughout North America including above checkout stands in Home Depot’s nationwide. Applications include warehouses, restaurants, big-box retailers, golf driving ranges, manufacturing plants, home patios and decks – anywhere where comfort heating, distance to target and/or energy efficiency is desired.
The company has achieved sales multiple times the current levels. The decline in sales was for unique reasons (theft and a bad licensing agreement) and not due to competitive forces.
The company has operated as a ‘pre-retirement’ gig for its owner since 2019 with no marketing other than the website. The owner is the only employee and supports the current sales level on a part-time basis working less than ½ time - averaging approximately 60% of a FTE during the winters and barely working during the summer.
This is a great opportunity to continue as a part-time owner/operator or to leverage the company’s history and installed base and grow the company to its full potential. Scale up can be achieved with little to no capital investment.