Internet of Things Business for Sale in Bangalore, India
A smart home IoT products development and installation business based in Bangalore, 1000+ homes installed.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Partnership (LLP) |
| Reported Sales | USD 97 thousand |
| Run Rate Sales | USD 110 thousand |
| EBITDA Margin | 30 % |
| Industries | Internet of Things |
| Locations | Bengaluru |
| Local Time | 11:51 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
114 thousand
(Native Currency: INR 10,000,000)
Reason: One of the partners are exiting.
Includes physical assets worth
USD
11.4 thousand
Documents
ROC-Verification.pdf
(65.5 KB)
Business Overview
- Smart home IoT products development, supply, and installation business, based in Bangalore.
- Manufacturing is outsourced through 3 manufacturers.
- Installed in 1,000+ homes so far.
- Have relationships with large real estate developers.
- Revenue is project-based. 60-70% of our projects are residential, for real estate developers.
- We also take up small projects from individual homeowners.
- Get about 2 to 3 large projects in a year. The average duration of each project is 2 to 3 months and the average value of each project is INR 20 to 25 lakhs.
- Additionally, we receive a few small projects every month, average duration is 1 week and an average value is INR 1.5 to 2 lakhs.
- Business has MCA, GST, PAN, and TAN registration.
- Promoter has 4+ years of experience in this business.
- Manufacturing is outsourced through 3 manufacturers.
- Installed in 1,000+ homes so far.
- Have relationships with large real estate developers.
- Revenue is project-based. 60-70% of our projects are residential, for real estate developers.
- We also take up small projects from individual homeowners.
- Get about 2 to 3 large projects in a year. The average duration of each project is 2 to 3 months and the average value of each project is INR 20 to 25 lakhs.
- Additionally, we receive a few small projects every month, average duration is 1 week and an average value is INR 1.5 to 2 lakhs.
- Business has MCA, GST, PAN, and TAN registration.
- Promoter has 4+ years of experience in this business.
Products & Services Overview
Smart home IoT products - smart remote, smart HD plug, smart switch, and smart module with energy tracking.Top selling are plugs and modules.
Can be used in homes, retail outlets, and offices.
Most of our projects are from real estate developers for their residential projects.
Assets Overview
Physical assets include product inventory, office furniture, computers etc.Intangible assets include the brand.
Facilities Overview
Rented office space of 1,500 sq ft, located in Jayanagar.Rent is INR 60k per month.
Capitalization Overview
3 owners. Owner 1 - 50%; Owner 2 - 30%; Owner 3 - 20%.No loans or debts outstanding.
Currently bootstrapped.
Recent Activity
-
Earlier than 15 daysRetail Head, Retail And Fashion, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Director, Engineering Software Development, Brisbane, Individual Investor / Buyer connected with the Business
Tags:
Internet of Things Business for Sale in Bangalore, India
·Purchase Internet of Things Business in Bangalore, India
·Home Automation Business for Sale in Bangalore, India
·Purchase Home Automation Business in Bangalore, India
·Buy Internet of Things Business in Bangalore, India
·Internet of Things Business for Sale in Bengaluru
·Purchase Internet of Things Business in Bengaluru
·Buy Home Automation Business in Bangalore, India
·Home Automation Business for Sale in Bengaluru
·Purchase Home Automation Business in Bengaluru
·Buy Internet of Things Business in Bengaluru
·IoT Business for Sale in Bangalore, India
·Buy Home Automation Business in Bengaluru
·Purchase IoT Business in Bangalore, India
·Internet of Things Business for Sale
·Buy IoT Business in Bangalore, India
·IoT Business for Sale in Bengaluru
·Purchase IoT Business in Bengaluru
·Home Automation Business for Sale
·Buy IoT Business in Bengaluru
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
14 Buyers already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 62,000+ other businesses of all sizes.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses