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Patented Fishing Floats With Directional Control
Location: United States -> Ohio -> Barberton
Industry: Manufacturing > Plastics Manufacturing

Business Summary

Negotiable Options:
Franchise a specific design, initial fee $5,000 and then 20% of sales.
Licensing Agreement $20K/yr or 5% of sales whichever is higher.
Patent Purchase $250K firm, includes everything related to the business.

Included in sale:
Inventory valued at $50,000 retail
Patent Ownership
Domain names

The patent title is ''Planing Floats with Lateral Motion Control''.
There are presently 4 designs available that utilize US Patent #s 6,874271 & 7,213,363
BulletBobbers, DualFins, Prowler Planers and an unnamed Top Water Frog lure.

1. BulletBobbers are plastic injection molded and sonic welded in China but the molds are worn out. The hollow plastic BulletBobber design can be franchised but a new manufacturer is needed.
2. DualFins are made using water jet cut pieces of foam sheet supplied by a local foam company and then built by my son using common shop tools. He is a good worker and would be glad to be your supplier.
3. The Prowler Planer prototypes were made and painted in China using EPS (Expanded Polystyrene) but we drill the holes with drill presses and cut the slots with a band saw. Now that the design is set it makes sense to go out for new quotes with holes and slots molded into the body. There are several material options for molded foam i.e. EPS, EPP or PU. The Prowler Planer incorporates much more then simply flipping direction with rigging options that can benefit all fishermen.
4. I had a couple prototype top water frog lures made of polyurethane foam that you can steer left or right and flips direction when given a little tug but haven't written a spec to go out for quotes.

My son and I run the business entirely from a 20' x 28' space with room to spare.

With a strong utility patent you will not have competitors. There are over 200,000,000 fishing floats sold annually and the patent by reason of added functionality could quickly and continually gain market share. with a with a good marketing plan.


Asking Price Range:  < $250K
Gross Revenues:   $20,000
Cash Flow:   $15,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $40000 inventory retail value included in sale.
Seller Financing:  Yes

About The Business

Year Established:  2004
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  IP design information and counseling is included.
Reason For Selling:  I am retired from a day job and want to retire from running a small business too..


View Larger Photo(s) Of Business
Patented Fishing Floats With Directional Control Photo 1 Patented Fishing Floats With Directional Control Photo 2

Print Listing Id: 700213342
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