Business Overview:
Unique opportunity to acquire a patented security device company with a terrific brand name and website. The seller of this business is a former police detective that investigated stolen merchandise and cargo thefts. He invented this device that utilizes powerful magnets to adhere to the doors of closed cargo containers or semi-trailers. Two Hundred and Forty copies of the original device were sold to a transportation company in the UK and successfully reduced stolen cargo loss while increasing driver safety during rest stops. The seller moved to the US and pitched the devices to several companies, including the largest overnight shipping company in the world who did a trial on 40 trucks. The current prototype uses radio frequency to signal a handheld device that the doors are being tampered with along with a 180 decibel alarm. The feedback from potential corporate clients has been that the device needs to be upgraded to utilizing a Phone Application instead of a handheld radio device so that distance limitations are not an issue. This device could be used in ports on cargo containers as well as anywhere that trailers are sitting for long periods or during driver breaks. It could also be rented out at self-moving companies to customers that want to protect their belongings while staying in motels, etc. The ideal buyer would be an entrepreneur with experience in technology who is looking for a product idea to commercialize. The seller is in his early 70s and would like someone to purchase the technology and take this business to the next level. He would be willing to stay on in a limited capacity for an equity position or royalty. To be clear, this business is not currently selling the devices so there are no P&Ls available. The seller has a manufacturer that can produce these devices for around $200 each and they can be sold for $495 each. SERIOUS BUYERS ONLY PLEASE. All inquiring parties will be required to complete a confidentiality agreement before receiving any more information.
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Reason for Selling:
Owner retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
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