Consumer Product Invention - Charcones
Location Virginia,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $100000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1994
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Negotiable.
Reason for Sale Lack of capital.
Description Consumer Product Invention US Patent 7,204,864 - CharCones (Check out web site at charcones.com). Fully developed, market tested charcoal product and ready for full-scale distribution for the large and growing outdoor cooking market. Charcoal sales have increased over the past 10 years, despite the increase of gas grill sales.
New, novel design greatly simplifies the lighting of a charcoal fire without the mess normally associated with handling briquettes or without the use of lighter fluid or other accelerants (unlike other ready-to-light products that have been pre-soaked in lighter fluid). Users just set the product in a grill and light it!
CharCones, the product, based upon this IP, has been fully developed and tested in the marketplace. CharCones has been sold for over two years, mostly in grocery stores and convenience stores along the East Cost, and has done very well. Dollar market share consistently scored above 50% in the ''light-the-bag'' category of charcoal.
The IP owner has also test-marketed a variation of this product, CharCones - Searing Hot Blend (which contains materials that burn hotter than regular briquettes alone) for cooking steaks. Again, the product performed very well in the test.
IP includes US patent, 7,204,864, pending patents in US, European Union, South Africa and Australia (countries with large outdoor grilling markets), US registered trade mark and trade secrets.
Product has been fully developed, materials specified and sourced. Inventor will work with buyer with transfer of production knowledge, material sourcing assistance and market insight. Successful inventor: Invented by the same guy who invented Bumper Bowling for AMF. Asking price $1,200,000. Contact for more information on this Consumer Product Invention business for sale.
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