Business Overview:
THIS IS FOR a 51% Share in a company holding 7 Patents including a unique 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. At one time this company was 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.
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.
Market Competition and Expansion:
Unique product without completion. Excellent room for expansion.
Reason for Selling:
Looking for Investors
Additional Details:
- The property is leased.
- The owner is not 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.