Professional Inventor Sells Patent Rights
Business for sale
Asking Price:
£65,000
Turnover:
£73,000
Annual profit:
£21,000
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Once in a lifetime chance to own the patent rights as well as all sales revenue and royalties from a unique product. The inventor has fully designed and patented a product that can be used in simply hundreds of situations from sport to schools, education and coaching, in fact the applications for this product worldwide are seemingly unlimited. Sales are already excellent in the UK and has orders from top name shops. Our client also has a distribution agreement with a well known company which is due for renewal in 2008 and enjoys royalties from each and every sale without having to even touch the products. We are seeking a suitable buyer for the full rights to this product including all patents for the sum of £78,000. Serious enquiries are invited and details regarding this business will only be supplied upon the signing of a confidentiality agreement.Reason for Sale: Other Business Interests
ListingID#: DORSEMO00140
