Enrich - The garden even you can't kill.
Enrich Gardening, an Atlanta based startup, sells the world’s smallest & smartest garden. The small and easy-to-use grow kits are designed to empower everyone to enjoy growing food within their own homes. It's the garden even you can't kill.
Enrich has also developed a companion mobile app which acts as a companion to the grow kits. On the front of every kit there is a QR code that can be scanned by the app. The app will load that very plant into a virtual garden and begin sending you reminders on when and how much to water.
Our business has been incubated at Georgia State University and has been a finalist in the TiE-U business model competition as well as recently picked up by Comcast in their work space. While we've had success over the past year, we are currently faced with a founder dilemma. Our majority shareholder got a big job in investment banking and plans on going full time with that firm. This greatly hurts our operations so all shareholders have agreed to sell the idea.
The price is fair for the business idea due to 1) the competitive edge our company offers and 2) the expansive growth within this space.
The current profits and revenue don't show the true health of the company. The minimal revenue (which hasn't capture all our sales) was due to a poor product design on our GEN1 kits. We had those from Dec17 to April18 this year. We recently switched over to the self watering kits and have received a lot better feedback. We have also seen a great increase in sales due to this new design.
The software was fully coded in house and has been released on IOS and Android. If our company is compelling and you want a more in depth look into our company email me at hello@enrichgardening.
You'll sign a NDA but from there I can provide a look at our business model, my plan for growth, and my financials.
If sold, we will ensure a smooth transition of the physical product and the mobile application to make sure you're all set.
Financials and traffic
Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.
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