OFF-MARKET-Popular Kitchen Product Business for Sale

OFF-MARKET ‘Q1 2023

Stirring Up Big Business & Profits in the Kitchen

Pittsburg, CA (Contra Costa County)

No Seller Financing Available

Zip Code: 94565

Asking Price: Best Possible Offer

Cash Flow: $38,000

Gross Revenue: $67,500

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2009

Employees: N/A

Business Description

Working with an industrial designer and manufacturer, the Seller devised this patented automatic pot-stirring device after seeing his mother in the kitchen for hours at a time each Christmas instead of enjoying her family. The device was launched in 2011 and home cooks across the county have been free to move about the kitchen – or their family rooms ever since. NDA is required to secure executive summary crafted by ProNova
Partners.

Detailed Information

Facilities:

No facilities. There is a warehouse lease. A buyer could take that over or move out.

Competition:

Three competitors have similar products without the quality, longevity of power, or at a reasonable price-point. The patent has fended off most imitators and held up to a pre-launch challenge. Although expired, the patents and pending trademarks have value in a niche product market.

Growth & Expansion:

It is expected by experts in the field that small appliance manufacturing will continue on a growth trajectory for the next few years. Teaming with an existing manufacturing company or similar appliance company could allow for quick growth and easy marketing integration.

Financing:

Not available.

Support & Training:

Assistance with understanding manufacturing for up to a month or as needed by phone.

Reason for Selling:

The manufacturer in China closed during Covid was a sign it was time to retire.