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The business was originally registered in the State of Texas, USA, in July 2011. The company launched to market in August 2013. The utility patent application was filled in 2012, approved and published in March 2015 and is enforceable till March 2032.
Business headquarters is entirely relocatable. All manufacturing is complete via 3rd party suppliers. Completed products are then shipped to fulfillment centers in the USA and internationally. Transaction processing is conducted via connected online platforms/software. Customer service is conducted via email and phone.
There have been a few longer-term players in the automobile hail protective cover market segment (Hail Blanket, Hail Cover Autotechnica (Australia only) and Outdoor Car Capsule). But these solutions are either much more expensive, don't provide serious protection levels, are not portable or a combination thereof. All of these features are included by the Hail Protector. In the past six months, Hail Suit, Lanmodo Umbrella and Hail Armor, Hail Shield have launched to market, but lack proper protection, lack value proposition and/or utilize irresponsible materials. Most price well above $400, whereas Hail Protector starts at $199. The Hail Protector System can easily start at $250 instead.
Expansion of the business comes in at least two forms. 1) Fulfillment Centers - presently located in the USA and in China, but as the business grows or based on the existing location of the acquirer, fulfillment centers could also be added in a variety of locations such as Europe, Australia, Canada and others. Presently, the business is based in the USA and all international orders will be fulfilled from the fulfillment center in China. Adding additional fulfillment centers will reduce the shipping time to the consumer. 2) Product expansion - Presently the Shopify website (hailprotector.com) and the Amazon store offer the six sizes of the Hail Protector System, extended warranty options and a few optional accessories. The traffic experienced by our webstores suggest adds additional products is a good idea and creates additional revenue and profit streams. These additional products could include additional product accessories, general automotive accessories and a variety of other products. Such expansion is rather easy to achieve via webstore changes and inventory stocking at fulfillment centers.
There are presently 3 employees. The business can be run by one full time and one part time employee.
24 hours via online webstores, presently via Shopify (hailprotector.com) and Amazon. Customer service during 9am to 5pm business hours on weekdays. This customer service availability can be expanded based on the desires of the new owner.
The founders will stay on board for a negotiable and flexible amount of time, to train the new owners on all aspects of the business and company.
$200k at closing. Then $50k at 12 months after closing. Close by May 10, 2020.
Started the business when my daughters were 5 and 7 years old. Now they are 15 and 17 and headed to college soon. Intend to at least supplement their college expenses.