Business Overview:
Patented Non-Electric water driven garbage disposal. Was
certified at one time by the Plumbing Research Committee of
IAPMO Research and Testing, Inc. as meeting all the
requirements of the Uniform Plumbing Code. This company has 7 patents, business plans, marketing materials and DVD's. At one time publicly traded and valued at over 43 Million by Merrill Lynch. Engineer, GE Tendered offer at 35 Million. The offer was not accepted because at that time the stock was trading much higher than that. This design was voted best new product at a national trade show. A bad decision by the then CEO caused the company to lose its remaining growth capital and cease production. The
intellectual property, patents, manufacturing machinery, and
remaining inventory are now the property of this organization
that comprises one of the original engineers, marketing expert,
and business manager. This product was being sold at Lowes and Home Depot was in negotiations. Distribution deals reached as far as South Africa and points both East and West. This company needs a serious investor. The down payment
listed must be accompanied by a buyout, earn out, or
combination of things to be negotiated. The Engineer and
Marketing partners are willing to stay on for a to be negotiated
salary.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
25,000 foot warehouse available
Reason for Selling:
Looking for investors, partners, earn out
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.