"IOT" Consumer Product Seller/Mfr

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Asking Price:
$2,900,000

Gross Revenue:
$3,326,215
Cash Flow:
$1,243,073
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$600,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

With over $3M in revenue in 2018, this business is a national player in the "internet of things" product market. The products allow people across the world to connect with each other in a meaningful way without calling, texting, Facebooking, etc. This company's products provide the unique ability to just say "Hello, I'm thinking about you" instantly and personally. Patent pending technology is part of the opportunity and positions the company for many future product and market opportunities. The production is done in the USA, but could be relocated. Software and servers are also located in the USA. This company presents a terrific opportunity to continue as a stand-alone business as well as a bolt-on to an existing company.

The owner is interested in continuing with the business in a creative consultant role.

About the Business

Location:
Sedgwick County, Kansas
Year Established:
2016
Number of Employees:
15
Facilities:
Business was founded in 2016 by the current owner. Rapid growth with great margins.
Growth & Expansion:
International potential via multiple online retailers.
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About the Sale

Reason For Selling:
other interests

Listing Info

ID:
1655710
Ad Detail Views:
319

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Business Listed by

Todd Bailey

Transworld Business Advisors of Wichita

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