Patented Automotive Cleaning Tools Marketer and Distributor 19755
Business Description: This well-established Company markets and distributes proprietary patented air cleaning tools to the automotive reconditioning industry. These unique patented pneumatic tools are used for the cleaning and detailing of vehicles (especially vehicle textiles and hard surfaces). The company’s primary market is the automotive appearance industry. This is a large market that is serviced by automotive chemical suppliers who sell to automotive detailing companies, automotive dealerships, car washes, collision centers and other cleaning industries. Applications are being expanded to other industries, including remediation, restoration, janitorial and household or commercial cleaning. This Patented Automotive Cleaning Tools business is highly scalable in multiple distribution channels.
SOLD !! We can sell YOUR Patented Automotive Cleaning Tools Business, too !
“To Owners Considering Exiting their Businesses
Selling your Business? As business owners, this was a question we thought about and in the long run we were all but sure this was a path on which we would embark. Well what next? Go at it alone or work with a business broker? First try… we had an offer on our business and tried to proceed without a broker; but after a business valuation and many back and forth discussions with the potential buyer it become evidently clear that it would be very difficult to be able to run the business and successfully negotiate a solid, fair and complete sale transition.
So what next? Find a Business Broker? This as it turns out was not easy work. Why? We met with several business brokers and many seem to be eager to help with our process; but unfortunately, we just didn’t get the level of professional, knowledgeable and timely responses we expect.
So now what? We didn’t stop. We looked again and we found – Jeff Adam of ADAM NOBLE GROUP, LLC. From the very first communications, we knew we found a person and company that was quick to respond to us; our requests, our questions and creative ideas….
Jeff Adam guided us from the Business Valuation, the process and everything that goes with the sale. He was thoughtful and understanding and gave us excellent guidance on all aspects of the process. His honesty and integrity were present during the entire exit planning process as he represented our interests. Jeff kept all parties calm and on track during our complicated sale. The final business sale was a mutual success for all parties. He put the biggest check of our lives in our pocket !
Jeff continues to keep contact to ensure everything is completed to everyone’s satisfaction. We can honestly say that everyone is very happy with the transition and know that we are all better positioned with the excellent guidance and support of Jeff Adam.
We highly recommend the services of Jeff Adam of ADAM NOBLE GROUP, LLC. A professional business broker with personal passion and a constant concern for his customers to meet their goals.
With Best Regards,
Dennis and Charmaine Dehn, Dehn’s Innovations LLC
Highlights include:
- Highly scalable in current and new markets
- Patented products not owned by any other company
- Products are unique in the industry and have changed how the automotive reconditioning industry works
- Patented products are trusted and proven as the industry standard
- Well-known, trusted and recognized trademark name
- 100,000+ current installed base
- Product sells itself
- Tools are early in their patent life
- 300+ active Distributors, in the USA, Canada, and South America
- Numerous domain names related to trademark name are included
- Company’s on-line retail site serves areas not serviced by standard Distributor network
- Additional patents applications are in process at the US Patent Office
The products provide a very important solution in vehicle cleaning and preparation. Users rave about the tool’s effectiveness and productivity savings. The tools have become the “Must Have” tool for all Automotive Reconditioning professionals. The products provide an affordable tool for the automotive reconditioning professional while generating repeat sales of consumables and replacement parts/kits. Sales are approximately 80% new tools and ~20% consumables/replacement parts. The low price point opens opportunities to mass market to homeowners and DIYers. Products are currently contract manufactured. THE BUSINESS HAS EXCELLENT BOOKS AND RECORDS.
The founder had initially used a guerrilla marketing effort to build sales by attending trade shows and demonstrating the product. This has grown into a 100,000+ installed base with much repeat/referral business. During the past several years, the founder has developed an extensive distributor network, a company website and a professional video/literature collection of product demonstration, training and tips/tricks. The company now has sufficient critical mass to be added to existing product lines and sold by a national sales team. The product line can be easily added to an existing company without any additional staff. The products sell themselves and the founder is willing and able to train the Purchaser’s salesforce. A new, strategic owner can SIGNIFICANTLY increase sales & profits in many ways.
Growth & Expansion: The company has grown at a profitable pace with little marketing effort. The founder has used a grass roots, guerrilla marketing effort to build sales by attending trade shows and demonstrating the product. Virtually no direct or mass marketing has occurred. The company uses 300+ distributors in the Americas and supports them only though general contact. The company does not use sales staff, manufacturers-representatives or other contractors. A new, strategic owner can SIGNIFICANTLY increase sales & profits in many ways including: 1) Cross-sell other products leveraging the well-known, recognized trademark name and 300+ existing distributors, 2) Add product to a national or international distribution network, 3) Expand, promote e-commerce site (for non-distributor served markets), 4) Adding sales personnel could rapidly improve sales, 5) Market newly patented product into new cleaning industries such as remediation and containment, 6) Develop national media marketing, 7) Expand marketing into car enthusiast TV shows to use and promote the products (several active inquiries have been received), 8) Expand into major catalog companies in USA and Canada, 9) Evaluate manufacturing options (although current source is outstanding), 10) Continue building video training/technical library for end users and sales force, 11) Expand product line with cleaning solutions (including standard cleaning solutions, and also mold and mildew remediation, Nano technology and other niche applications), 12) Continue demonstrating at industry trade shows, 13) Continue to vigorously prosecute and defend patents & trademarks to maintain brand image, 14) Expand marketing into other industries including homeowners, DYI, janitorial, remediation and others.
Support & Training: Seller will train buyer for 4 weeks included with the purchase price. Seller is willing to work for the new owner in a sales, training or product development at mutually agreed remuneration. The products sell themselves and the founder is willing and able to train the Purchaser’s sales force.
Reason for Selling: Retirement, Product Development of non-competing products
Purchase Price: The seller will consider a small amount of seller financing to a purchaser qualified/approved by the Seller. THE SELLER PREFERS TO SELL FOR ALL-CASH. All financing is to be personally guaranteed. The assets include inventory at cost of $200,000, Accounts Receivables valued at $170,000, FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $5,000, patents and patents pending. The price will be adjusted for actual inventory and accounts receivables as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information
For information, reference Patented Automotive Cleaning Tools Business for Sale 19755 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
www.adamnoble.com
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Defense Industry, Oilfield services, Construction trades, Craft Breweries, Partnership Buyouts, Manufacturing, Service, and Wholesale Distributors.
Our M&A advisors and business brokers are all multi-industry entrepreneurs who have successfully exited their own companies. Jeff has walked in your shoes! Jeff wants to put the BIGGEST CHECK of your life in your pocket! Please contact Jeff, and he will confidentially answer all your questions.
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