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Textile Product Manufacturing/Sales Business Opportunity - $20000 (RELOCATABLE)
OVERVIEW: This home-based business presents a tremendous opportunity for an entrepreneur or synergistic buyer. It produces and sells a patented, low-priced, and easy-to-use towel designed for individuals who have a tendency to develop fungal infections between their toes. The business utilizes an off-shore manufacturer and currently has no employees. It is essentially still in a “start-up” mode (for reasons indicated below) and needs an energetic new owner to take it to the next level. Potential sales channels include a company website and online markets such as eBay®, as well as catalogs, magazines, trade shows, home shows, health fairs, and similar opportunities. A motivated owner could also develop wholesale distribution channels.
This unique towel was invented by the owner when he recognized the need for a safe and simple product that would confront common foot-care issues associated with individuals who suffer from diabetes and are prone to other conditions (athlete’s foot) – and it is particularly useful for seniors. The owner/inventor invested the time and money to obtain a U.S. patent and did the research to locate an off-shore manufacturing plant that would produce, package and then ship the product to the owner. Production costs have been at a level that provides an attractive profit margin; this offers tremendous flexibility in potential marketing/sales approaches.
The towels are individually packaged by the manufacturer and placed in manageable cardboard boxes for easy handling/storage. All inventory is currently stored in a small section of a garage, and the business is easily operated from home. Nonetheless, the product’s potential worldwide appeal presents a new owner with the opportunity to grow sales to a much larger scale. The business can also be located almost anywhere that an owner desires. The seller states that the operation is simple to run and should be easy-to-learn. He will provide familiarization to the buyer and discuss his ideas about generating sales.
The seller’s age and serious health issues have prevented him from taking the business beyond its “start-up” phase (a few years ago) to the level originally anticipated. The decision has therefore been made to sell the assets (U.S. patent, inventory, domain name) to an interested party.
The seller is motivated to sell this business in a timely manner and has established a very attractive offering price of only $20,000. This includes the U.S. patent as well as existing inventory at time of sale (current “at cost” inventory value is approx. $6,000).
Contact Information
Contact: Ray Cichlar, Broker
Phone: 805-550-7791
Email: rayc@entegragroup.com
http://www.entegragroup.com
The Entegra Group
Location: RELOCATABLE
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