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Nov 16, 2017 — This innovative company has developed and patented an award winning device that dramatically reduces the amount fatigue, muscle stress and back injuries that are commonly associated with the usage of a very common heavy duty construction tool. This aftermarket device, which could provide an original equipment manufacturer a significant competitive advantage, could revolutionize the industry as it provides operators immediate operational and productivity benefits while saving employers and their staff significantly in health related expenses due to injury and fatigue.
All of the business's furniture, fixtures, equipment and 2 patents in 5 countries (and pending in 1) will be included. Approximately $90,000 in finished goods and $40,000 in raw materials inventory will be sold at cost at close in addition to purchase price.
This accessory does not have immediate competition, however, any original equipment manufacturer would immediately enjoy a long term sustainable competitive advantage within the industry should they be able to exclusively capitalize on the patents this firm has possesses that have 12-13 years remaining.
Remarkably, while the company’s product has received industry accolades and awards, the firm has never employed a sales force to actively market and promote the actual product. Rather, the firm has been operated as a casual family owned side business that supplements the owner’s primary career. As such, tremendous growth potential exists to capitalize on the product and its patents and the long term cost savings and productivity gains associated with its use.
Training: 2 Weeks at 10 hrs/wk
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