Business Summary:
This is an opportunity to buy and hold for long term revenue. Re-sell opportunity in 5-7 years.
Royalty Sales licensing agreement, signed in 1997, quarterly revenues since 2002, contract face value $22 million USD. Last year $160,000 income. Sales are growing at 30% per year. Licensee is a multi-billion dollar per year international Aerospace Corporation. Their two customers are both elite #1 rated billion dollar corporations in their classification. 1,000 systems have been build and delivered. Licensee has 90% of the market share. Product has received international awards recognition.
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| Year
Business was Established: 1991 |
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| Facilities / Terms of Lease:
Not required |
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| Potential
Growth/Expansion:
Passive participation. Intellectual property provided to Licensee on an exclusive basis. Licensee is expanding market |
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| Competition:
Licensee was first to market in 2002. Competition did not materialize until 2008. Current market share ~ 90% |
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| Owner
willing to finance:
TBD |
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| Owner
willing to train:
Yes |
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| Reason for selling:
Retiring. Current age is 74. Health is excellent. Wife & I want to travel and enjoy. |
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| This business is Home Based.
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Seller Reference Number: 111
BusinessMart.com Listing Number: 112125 |
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