Description The revenue stream for this opportunity is based on royalties paid via a licensing agreement for the intellectual property associated with a patented hunting device. The intellectual property is licensed to a leading manufacturer in the hunting industry who sells to major retail outlets such as Bass Pro Shop, Dick's Sporting Goods, Gander Mountain and Cabela's.
The royalty stream began in 2007, and expires in the 3rd quarter of 2024. Royalty is paid at the end of each quarter. During the life of this agreement, annual payments have ranged from $241,000 to $329,000, with an average of $282,000.
There are twelve years left on the patent. Expected revenue for the remaining life of the patent is projected to exceed $3.0 million.
Contact Gary Troutman at 404-357-0770