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Listing Id: 32694 Last Refreshed: 25/09/2024 Total Views: 294

Invest in the Future of Lighting: Scalable, Award-Winning Technology

Melbourne City, MelbourneEcommerce Websites and Online Stores
Asking Price: $1M - 5M
Business For Takeover
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Overview

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Description

*Expression of Interest*
Are you ready to be part of a groundbreaking venture in the global lighting industry? This is an unparalleled opportunity to invest in an award-winning platform that is poised to disrupt a market valued at approximately AU$150 billion globally. The Australian lighting market alone is worth AU$2 billion, and this revolutionary technology is already making waves.

This innovative platform allows anyone to instantly convert downlights into stunning pendant lights in just three simple steps, without the need for an electrician. Its intuitive and efficient design has already earned it the Whitehorse Business Excellence Award for Innovation in 2023 and recognition as a Finalist in the Premier's Design Award in 2020. The technology is available in major retailers like Bunnings, highlighting its immediate commercial viability and strong market appeal.

This product removes the barriers that typically prevent consumers from regularly updating their lighting, allowing them to refresh their spaces every couple of years instead of every 5-10 years. This not only boosts recurring revenue for distributors and retailers but also creates a "sticky" growth engine that drives sustained profitability.

The platform has been rigorously tested over three years, earning overwhelmingly positive feedback with minimal marketing. The versatility of its recessed universal socket design allows it to adapt to almost any pendant light, and the potential to extend this platform to other ceiling-mounted electrical products—such as smart home devices or security cameras—presents enormous opportunities for future global expansion.

With seven patents granted in key markets like the USA, Europe, and Australia, and proven traction in the industry, this venture is poised for rapid international growth. It is now positioned to scale production and forge new distribution partnerships, making it a prime opportunity for investors to step in at the forefront of this innovation.

For more information or to express your interest, contact **Elle Likopoulos** and her team at 03 9566 7300 or elle@absolutebb.com.au. Don’t miss the opportunity to shape the future of lighting.

Ref: B14755
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