Description of the business for sale
PRICE REDUCED FOR IMMEDIATE SALE! This division of a larger company makes industrial dust removal systems for commercial applications. Unlike a conventional filter system, these units remove heavy dust particles, oil, grease and other airborne particles in wood manufacturing, machine shop, metal fabrication, restaurant kitchens and a host of other environments. Three commercial models are available that can treat 300, 25,000 or 60,000 cubic feet of air per unit. Approximately 100 units have been sold and consumables are still sold to the existing client base. The units provide a low total cost of ownership with economical media used to remove particulate. Systems feature a self advancing filter media that automatically advances when fully used. Sale price includes a 10 year license to manufacture the products, design prototypes, tooling, and intellectual property associated with the proprietary processes. Price also includes current distributors and the client base. Owner geared up for production of these units but did not have the expertise & resources to establish a national distribution channel, so manufacturing was shut down in May. The business needs a new owner with wholesale distribution experience. Seller has other core business interests that require his full attention. This is an excellent opportunity to assume a truly outstanding product line for 20% of the owner's investment. ACT TODAY, this business will sell quickly!
Support / Training provided by seller
Training will be provided in the manufacturing process as required to insure an orderly transition. This includes assistance with tooling, patent reviews, patent application follow up, interaction with the original inventor and will guarantee conveyance of all issued patents now pending. Seller will introduce buyer to all suppliers and vendors along with manufacturer reps and dealers now reselling the product.
Description of the facilities
Currently located in a 1,500 square foot facility that can be easily relocated. No real estate included in the sale. $100,000 in Parts, Fixtures, Equipment and Inventory is included in the sale price. Seller will continue with his patent application, which is scheduled to be issued within the next 12 months. All patents/patents pending and manufacturing licenses will be transferred at closing. Seller is extremely motivated and will entertain all offers! Seller financing of 80% available with a 20% Down Payment.