Innovative Marine Electronics Safety And Communication Product Business For Sale

Business description

The result of eighteen months development is an unrivalled product in the marine electronics marketplace, providing unique functionality of interest to all offshore marine leisure and professional users. Launched in late 2008, it has sold respectably despite the annihilation of the marine chandlery market in this period. User feedback is very positive and the product has been refined in its first year of operation, and is now very well positioned for an upturn in high-end consumer confidence.

Product is approved for use in major markets with the exception of North America, where approvals are expected to be forthcoming once a buyer funds the applications and is ready to support a launch there. Sales in the rest of the world are broadly distributed.

Sales currently almost 100% via manufacturer's website, supported by magazine advertising and retail shows. Gross profit per item typically in excess of 100% through direct sales. Product supply secure. Patent protection in process internationally.

Private individual, having funded the development personally, but having other commitments, now wishes to hand on to a purchaser better placed to develop the market.

Property information

Location:

Online business, capable of instant relocation

Premises details:

Private residence

Other information

Expansion potential:

Product has potential applications to many other sporting and professional activities

Competition / Market:

Only known competitor is old technology, based in the US, more expensive and less functionality

Support & training:

Technical consultancy available to support and develop the product

Reasons for selling:

Owner has achieved personal goals in bringing product to market. Better value realisation available through passing responsibility in market development phase to a more experienced operator.

Trading hours:

24/7 online business

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Instalment sales will be considered

Inventory / Stock value:

£100,000 (included in the asking price)

Related documents:

• 
• Application example