Hand Tool Manufacturer - Unique Wrenches, Patented
Location Cincinnati, Ohio, United States
Asking Price Range $250K - $500K
Gross Revenues $478000
Net Profit / Cash Flow $82000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 1 - 3
Inventory All but minimal.
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Needs larger company as buyer to get into big box stores.
Description The company has designed and patented a self-storing socket wrench where the sockets are stored inside the handle. The appeal of this product is that it eliminates the loss of sockets and the need to have an entire ratchet and socket set in a bulky carrying case. An open-end wrench and hammer have also been designed and patented that utilizes the same concept, storing inserts and accessories in the handles.
The Ratchet has been sold through promotional displays at Sears, Home Depot, Ace Hardware, Wal-Mart, Costco, and Auto Zone to name just a few of the company's customers. In part due to the lack of additional products plus being a small company, the company has not been able to achieve shelf place on an ongoing basis, instead it has been limited to short term promotional displays at various times in the year (Father's Day, Christmas, etc.). Two more patented products, a wrench and a hammer, use the same concept and are in initial marketing.
Negotiable Cash at Closing and Royalty Payments. Buyer should have relationship with big box stores like Lowes. Product is manufactured in China. Email or call Wayne Corney at 513-241-3700 for more information on this Hand Tool Manufacturing business for sale.
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