Internet of Things Business for Sale in Bangalore, India

- 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.

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.

Physical assets include product inventory, office furniture, computers etc.

Intangible assets include the brand.

Rented office space of 1,500 sq ft, located in Jayanagar.

Rent is INR 60k per month.

3 owners. Owner 1 - 50%; Owner 2 - 30%; Owner 3 - 20%.

No loans or debts outstanding.

Currently bootstrapped.