"IOT" Consumer Product Seller/Mfr

Not Disclosed, KS
Sedgwick County

Asking Price: Annual Revenue:
$2,900,000 $3,326,215

Manufacturing: Non-classifiable

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RE: "IOT" Consumer Product Seller/Mfr Broker: Todd Bailey

Quick Facts

Asking Price: $2,900,000
Annual Revenue: $3,326,215
Net Profit: Not Disclosed
Cash Flow: $1,243,073
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 15
BBN Listing #: 996142615
Broker Reference #: 8953-210330

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Business Overview:

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.

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Property Features and Assets:

Business was founded in 2016 by the current owner. Rapid growth with great margins.

Market Competition and Expansion:

International potential via multiple online retailers.

Reason for Selling:

Other business interests

Additional Details:

  • The property is owned.
  • 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.

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