No photo available
2 hours ago — $1.3M revenue pace in 2019. Hail Protector launched to market 6 years ago in August 2013, after 4 years of design, development and testing. Since then, the company has experienced a compound annual growth rate of 70%, over 6 years, with year over year growth of 170% in 2019. The Hail Protector utility patented is effective as of March 2012 and enforceable till March 2032. The Hail Protector System now protects nearly 10000 automobile owners nationwide, across 42 states, 11 countries and 4 continents, with true international launch scheduled to occur in January 2020. The business is in growth mode, easily scalable with ecommerce sales via direct website (hailprotector.com) and via Amazon Store. Fulfillment centers, in the USA and overseas, manage order fulfillment and enable the company to benefit from very low customer shipping rates. Mature supply chain developed over 8 years since business inception in 2011. At the end of 2017, after achieving $387k 2017 income, the business and patent were valued at $2.7M by a Certified Valuation Analyst. Now on pace for between $1.3M and $1.4M income in 2019, the asking price of $1.5M represents tremendous value to the acquirer at between 1.2x and 1.3x 2019 revenue.