Business For Sale

IoT Water Device Company/Machine Learning Platform

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
Not Disclosed $1,182,500

Services: Utilities: Electric, Gas, Water, Sanitary

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RE: IoT Water Device Company/Machine Learning Platform Broker: Rick Carlson
Owner Financing is Available!
If the price and deal structure is right.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,182,500
Net Profit: Not Disclosed
Cash Flow: $662,390
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 8
BBN Listing #: 29227574
Broker Reference #: 748 IoT

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Business Overview:

predicted to be $57.3 Bln USD by by 2025 and grow at a CAGR of during this forecast period
• Annual sales of smart water leak detectors in North America was predicted to exceed 3 million in 2016
• IoT research firm shows 14% of U.S. broadband households planned to buy a smart water leak detector in 2016
• Huge growth potential for US Residential and Commercial Property Markets: Hospitality, Multi-Family, Healthcare & Industrial Property Types all have strong potential use cases
• Nearly 10% of U.S. broadband households own a smart thermostat
• “Smart leak detectors are getting serious consideration by the insurance industry thanks to their potential to mitigate risk of water damage,” said Brad Russell, Research Analyst, Parks Associates
• Insurance Company Marketing: the Company is in negotiations to be a data provider for the world’s largest provider of insurance underwriting data, who has indicated the machine learning analytics of the platform could increase the confidence level of predicting leaks from a current 40% to between 70-80%
• Insurance companies will be a huge driver of growth and will be embracing IoT connected devices in the underwriting process going forward: the Company plans to aggressively market to insurance companies through the relationship mentioned above
• The global water leakage detector systems market to grow at a CAGR of 6.09% during the period 2017-2021

NDA is required for comprehensive CIM crafted by ProNova Partners

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Property Features and Assets:

Facilities: In CIM, NDA required.

Market Competition and Expansion:

Competition: While there are competitors in the industry, the company has received provisional patent protections in the USA and a PCT application with the World International Property Organization has been filed in 4 additional countries + the EU covering the use of machine learning to detect water leaks…there are no other known machine learning patents pending from any competitors! Growth & Expansion: In CIM, NDA required.

Reason for Selling:

Team up with well capitalized Buyer for global exp

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:


The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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