Patented, Hi-Margin Commercial Security Product. Proven market.
Asking Price: | $98,000 |
Gross Revenue: | $62,000 |
TetherTech is an award-winning security product that prevents master key loss. Targeted to any customer with Security, Janitorial, Engineering, Property Management staff that carry master or submaster keys to multiple locations and with a high cost of re-keying locks. These customers know the pain associated with the loss of critical keys and costs of rekeying and the impact to credibility and trust! Imagine losing a master key to a dorm building at a college or University. This product prevents such a loss!
Retail price is $299.95, $180 wholesale. COGS are about $122 when buying just 500 units but unit costs can go much lower at higher volumes.
The company is currently pending an inventory run with a bankorder of about $40,000 in orders currently on backorder. When the company was fully resourced, revenues were averaging $150K/yr with no marketing investment. There are six resellers with pending orders.
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