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Last five years sales have averaged approx. 10,000 units per year. All sales are to one customer from approx. 60 buying stores on the West Coast.
The inventor of the product has also been the sales person and only went to one company (Home Depot) in hopes they would automatically add the product to all stores nationwide. Currently they are only in the So. California region. The inventor has a line of other successful products and does not want to be involved in sales and marketing of his products.
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There has been absolutely no advertising and no promotion
For the entire five years there has never been any advertising or promotion done on this product.
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No floor display, no power panel, no cross-merchandising
The product is just placed on the shelf without a sign or display to attract the consumer.
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The product already has proven sell through (pull through). This is an average of 167 units per year per store
The product has continued to sell without any help!
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The chain retails the product for $3.27
Manufacturing costs can be dramatically reduced and a lowered retail price (for example:$1.99) could greatly increase unit sales. Manufacturing is currently done in the USA
· The item is packed 72 units per box; case wt is 33 lbs.; case size:15"x11"x25"
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US Patent # 5,634,568; Painter's Caddy UPC 7 67055 36411 1.
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A rough guess as to the total market for this product is at least 20,000 stores
20,000 stores times 167 units per store is 3,340,000 units per year (promotion & a lower cost should increase this number significantly).
We are seeking to license this product to a company that will manufacture and market it worldwide!
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