Garnetread A Patented Tire Traction & Control Technology Company For Sale
Garnetread formula has been independently tested by Washington State University on dry, wet, snow and icy pavement, results show the superior traction and vehicle control of Garnetread tires. Vehicles equipped with Garnetread infused tires stop on ice in a shorter distance than the same vehicle equipped with studded tires while facilitating positive control of the vehicle.
Federal Highway Administration and the US Department of Transportation tests, proved that Garnetread infused tires have exceptional performance benefits for year-round use and have been approved for use in all 50 States. The State of Washington has approved and recommended the use of Garnetread tires for travel on snow and ice covered roads. Tests in Washington and Oregon prove Garnetread tires stopped as well or better than studded tires on pavement ice. Transportation officials stipulated no time restrictions for the use of Garnetread tires based on minimal wear to pavement.
Over 100,000 tires have been sold incorporating Garnetread's patented formula. Garnetread has a secured raw materials supply chain, a patented garnet based tire formula and application method, that can be adapted to any rubber based tire design or size, approval for year-round use based on minimal pavement wear, increased mileage and strong customer support.
Our customers are our best spokespersons, to quote Gene Picchena, Tire Shop Manager of Zirbel Transport, Inc. Lewiston, Idaho "I was introduced to Garnetread™ in the winter. We tried a set of eight Garnetread™ XDA recap tires on one of our truck's axles. I was told not to expect quite the same mileage that we get from our regular XDA drive cap, which is 70,000 to 100,000 miles. I was surprised to get 80,000 miles from the Garnetread™ XDA. Even more impressive was the fact we only got 50,000 from Bandag 4300, which is the comparable tread design to the XDA. With the added traction capabilities, and the continued high mileage, we are certain to use your tires in our drive axle application in the future."
Garnetread™ has a secured raw materials supply chain, a patented all-season traction tire formula that can be adapted to any rubber based tire design, official 50 State approval for year-round use, independent test results proving minimal wear to pavement surfaces and wide customer approval.
Visit Garnetread's website www.garnetread.com for additional detailed information.
Sale Price: $ 375,000 + .25 (cents) royalty per tire. Sale includes patents. Payment in US dollars or $ 125,000 in US dollars plus $ 250,000 in Bitcoin. Seller Financing available with down payment total of $ 275,000 balance of $ 100,000 carried at 3.5% interest, with quarterly payments over a term of 2 years, no prepayment penalty. Optional seller financing down payment of $ 25,000 US cash plus $ 250,000 in Bitcoin balance $ 100,000.
Financial Information (Detailed Information Upon Written Request)
Asking Price: $ 375,000 plus $ .25 (cents royalty per tire)
Gross Revenue to Date: $ 600,000
Net Revenue to Date: $ 450,000
Seller Financing Available: Yes
About The Business
Development, Patent & Sales Timeline: 7 years
Number of Employees: 3
Relocate: Yes, Garnetread can be established anywhere.
About The Sale
Manufacturing, Management, Training and Support: Included with purchase.
Reason For Selling: Owner consolidation of holdings.
Peter J. Poullos