Business Offered For Sale: Leading Producer of Smart Glasses for the Visually Impaired

Description

Business Offered For Sale: Leading Producer of Smart Glasses for the Visually Impaired (‚Äúthe Company‚ÄĚ)

 

Business Opportunity:

An opportunity exists to purchase the business and assets of a UK based world leader in the design, manufacture and distribution of hi tech smart glasses aimed at life changing outcomes for the visually impaired.

The purchase will be executed at the earliest opportunity. All interested parties will be requested to sign a non-disclosure agreement and specifically deal with Middleton Barton Asset Valuation Limited as appointed agent on behalf of the Vendor.

 

Business Overview:

  • ¬† Established business
  • ¬†Portfolio of worldwide patents for world leading technology
  • ¬†Established portfolio of products and commercialised technology
  • ¬†UK and Chinese divisions
  • ¬†Outsourced manufacturing relationships
  • ¬†Existing distribution routes to market
  • ¬†Significant pipeline of new business opportunities

 

Financial Information:

Full Year

2019/2020

(£)

Full Year

2020/2021

(£)

Full Year

2021/2022

(£)

Turnover 148,468 50,095 195,783
Gross Profit 68,247 31,127 63,430
Net Profit/(Loss) (1,849,211) (956,715) (1,439,577)

 

Assets Available for Sale:

  • Portfolio of worldwide patents and intellectual property
  • Product Portfolio
  • Stock of components and finished products
  • Marketing infrastructure
  • UK head office with office furniture and equipment

 

Location:

South East of England, UK.

 

Deadline for Offers:

Indicative offers no later than 27th September 2023, all offers to be supported by proof of funds.

 

Further Information:

For further information or to request a non-disclosure agreement please contact the Manchester office on 0161 359 4633.

 

 

 

Sector

Innovation

Turnover

£195,783

Category

Business for Sale

Location

South East of England, UK.
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