Manufacturer of Patented Technology for Apple Products Profitable & Growing
This profitable, growing, scalable tech start-up manufacturing company, with a product just approved for sale through Target, can be operated 'hands-on' or on a semi-absentee basis. They developed and own the patents for an all-in-one charging station for iPhone, iPad, Apple Watch, and more. This is the first charging dock to fully charge every current Apple product at once with an optional USB port and headphone stand, while also being a decorative accessory for home or office.
Apple has just upgraded its product line to optimize wireless charging; this company's products now support wireless charging as well.
Started in May 2016, sales in 2016 were $120,479, with profit of $53,856. The first six months of 2017 added another $213,173 to sales, with a profit of $113,300; the Seller anticipates 2017 profits to exceed $250,000. Sales to date are mostly online and are growing month-by-month.
Assets include the company name, registered trademark, design and utility patents, trade secrets, exclusive program files for manufacturing, a full e-commerce website, distributor and buyer contact info, and all equipment needed to manufacture the products. (See the FF&E list)
Target has just approved the product and the company is in the process of getting product for them. Discussions are underway to sell the products through Apple retail stores as well.
Current staff includes four full-time employees working at minimal wage rates; skills and manufacturing operations are easily transferrable to anywhere in or outside North America.
Furniture, Fixtures, Equipment (FF&E) (estimated replacement cost: $150,000+):
- Roland XC 540 Solvent Printer
- Shopbot PRS Standard 96-48-6 CNC Router Gantry Tool
- Tables (11 total)
- Full paint booth (including compressor, paint heads, booth structure)
- Industrial shelves (5'x10')
- Tools (equipped up to a 12 person crew)
- Royal Sovereign Laminator 10010184
- Mac Mini Computer, keyboard and mouse
- LG 27' Monitor
- HP Pavilion 500 (including monitor, mouse and keyboard)
- Dell Optiplex 330 (including monitor, mouse and keyboard)
- Cool Master Elite (including monitor, mouse and keyboard)
- 2000 Chevy Work Van
The asking price is $300,000, subject to competition, negotiation, and terms. The Seller is anticipating a multiple of 4-5x annual profits. All assets are included, except for accounts receivable, cash-on-hand, rental deposits, and inventory (raw materials and work-in-process to be acquired at cost).
Note: All data for this business is provided by the Seller for information purposes only, and NO representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.