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Smart Home Lot Product Business With Huge Potential For Sale

United Kingdom
Asking Price:
£50K - £100K Inventory / Stock included
Turnover:
Under £50K
Net Profit:
Under £50K

Exciting Opportunity to take a Smart Home IoT Product Business with huge potential to the next level

The business is one that is absolutely ripe for huge potential.
It is aimed at a hugely growing market of smart home, and concentrates on a specific niche within that, the niche of health and wellness.

The current range of products have been successfully selling in the US, and within big retail names. They are premium lighting products, ranging from £70-300. The lead product was successfully crowdfunded and has had a lot of interest around the world, featuring in press such as GQ and Refinery 29, exhibitions such as the Ideal Home Show and even approached to feature on TV. It has a trademark successfully registered.

With a successful soft launch proving the model, it is ready to roll out in the US and even more so to come over to the UK and Europe.

It needs funding to take it to the next level. Due to the circumstances of the partners, it is with regret we are looking to exit before we could take it really big - as it certainly has that potential in the right hands.

Property Information

Location:

Online currently, with stock in US warehouses.

Business Operation

Expansion Potential:

HUGE. We've proven the model and it has gotten early traction. The options for us were to focus all in and get funding etc or to hand it over at this stage to someone who can do this.

Competition / Market:

Quite a unique offering, perhaps only two direct competitors

Reasons for selling:

We've done the hard work of creating something unique and launching it to market. The business requires more capital to take it forward and benefit. There is also some debt which we would like to settle from the proceeds so it would be completely debt free if you bought. For the partners it is something we could not do in conjunction with other projects, family and travelling etc unfortunately.

Trading hours:

24/7

Employees:
1
Years established:
3

Other Information

Support & training:

A full handover will be provided, including our vision and long term strategy

Inventory / Stock value:
£10,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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