Business Summary:
This company is ideal to be located off shore for favorable tax treatment. The buyer would be responsible for setting up an off shore corporation to receive royalties. The sale will be in USA dollars and the seller is responsible for US taxes. Royalty Sales licensing agreement, signed in 1997, quarterly revenues since 2002, contract face value $24 million USD. Last year $160,000 income. Sales are growing at 20% per year. Growth in Asian market, in particular China is the latest buzz in the industry. Licensee is a multi-billion dollar per year international Aerospace Corporation. Their two biggest customers are both elite #1 rated billion dollar corporations in their classification. 1,300 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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| Number of Employees:
1 |
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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:
no, but will consider cash & stock |
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| Owner
willing to train:
Yes, very simple operation. |
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| Reason for selling:
Retiring. Current age is 75. Health is excellent. 65% of net sale will be distributed to shareholders of record March 2010 as definited by SEC Sales Agreement. |
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| This business is Internet Based.
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Seller Reference Number: 111
BusinessMart.com Listing Number: 112125 |
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