Add On Opportunity For Mfg Or Retail Distributor

Company was founded in January 2018 for the purpose of engineering and producing value added attachments for large garden hose manufactures. The founders have several industry relationships where new product design and consultancy was offered and developed new products for these companies. The original product was an on/off valve for the end of a garden hose which eliminated the need for the user to return to the hose spigot when changing attachments. This is the only on/off hose valve that does not reduce water flow from the source and is actuated by a slight flick of the thumb. The on/off actuation is assisted by a vacuum effect of the water flow when turning off the valve and by water pressure when turning the valve on.

The company was issued a patent for methodology on 10/8/18. The company was awarded a second patent on 8/11/20 for a coupling method for a permanently attached hose attachment where the attachment can swivel freely. This innovation allows the user to move about while holding the hose attachment without the hose twisting and kinking. These two patented innovations will offer an acquirer a unique position in a stagnant industry to offer a bevy of new products based on this technology. The company also has many other designs and prints for additional products using this technology. The company also has many other designs and prints for additional products using this technology.

We currently have outsourced component manufacturing and assembly. The company owns all of the injection molds which were purchased at a cost of $122,000 plus the buyer will receive finished inventory with a value of $57,000 so new sales can be immediately fulfilled. Also, large inventory of unassembled components to be assembled. Completely turn-key opportunity for somebody looking to sell to the big box stores.

Total cost of patents, inventory, tooling, and machinery was in excess of $349,000. Seller looking for down payment of $100,000 and will finance balance of transaction through a 10% revenue share (with maximum cap) over time. This makes the transaction a very low-risk proposition for the buyer.