OFF-MARKET-Prominent Mobile Device Firm for Sale

OFF-MARKET ‘Q1 2022

Acquisition of Prominent Mobile Device Firm

Asking Price:

Competitive Auction Format

Cash Flow:

$324,000

Gross Revenue:

$700,000

EBITDA:

N/A

FF&E:

N/A

Inventory:

N/A

Established:

2012

Employees:

3

Business Description

Our client acquired a successful and innovative mobile telephone accessories and cross-platform mobile device accessories designer, engineer, manufacturer and seller. The acquisition presently remains a going concern; it’s a turnaround story in which our client acquired distressed assets. Our client’s management team is well-versed in scaling and operating companies within the mobile device/wearable accessory segment. The segment is fragmented, and our client has an opportunity to disrupt/consolidate the space becoming a prominent mid-tier player. The current product line includes mobile cases, lenses, and a railing-mounted system. To date, these products have been targeted solely to the Apple iPhone franchise. Our client’s design and engineering team will aggressively target the Android market in addition to re-addressing the latest iPhone product lines.

Assets Include:

• Intellectual Property – two design and use patents. Importantly, our client has a $500K reserve use of funds set to enforce, current (and new) patents.
• Private label agreement with Amazon through the Amazon Accelerator Program. Agreement with a dedicated brand to the mobile accessories segment. Our client will remain the sole designer, manufacturer and distributor of all products branded with the cell phone segment.
• Re-Brand Equity – the 400K+ social media followers are hungry for the launch of current and future iPhone products. Influencers, investors and athletes have expressed interest in active investment and equity of this financing round. Naturally, there is value in the our client’s iconic and cult-like brand.

NDA is required {SUBMIT BELOW} for executive summary on file with ProNova Partners.

Detailed Information

Facilities: N/A Web Based

Competition:

As yet, no competitor in the market.

Growth & Expansion:

Our Client’s products target millions of cell phone users in the marketplace.

Financing:

If the price and deal structure is right.

Support & Training:

As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.

Reason for Selling:

The Owners wish to expand.