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:

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