Very profitable fast growing company manufacturing innovative electrical household accessories in China and distributing them to large Big Box retailers in Canada and the US. Sustainable very high growth in last few years. The company has a pipeline of new products in its niche market and has recently filled a
provisional application at the US Patent Office for one of its new products.
The company's competitive advantages are (1) well designed
products with technological innovations (2) competitive prices thanks to its low production costs in China and (3) Established relationships with large North American Big Box Retailers. The company offers a very high growth potential through (a) pursuing the natural growth coming from the increasing adoption of current products by consumers, (b) offering the current products to other international markets and extending the current line of products following the same principles of user-friendliness, competitive prices and excellent service to retailers.
The seller is looking for a strategic buyer or a financial buyer aggressively pursuing growth venues to prepare the company for a synergetic large household brand purchaser. The owner is willing to assist in the transition period and will consider a longer stay to participate in an aggressive growth strategy.
This business is Sold