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Businesses For Sale   >>   Ontario Businesses For Sale Categories   >>   

Electromagnetic Drive System Manufacturing Business For Sale

Location  Ontario,Canada
Asking Price Range  < $250K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2008
Number of Employees  1 - 3
Inventory  $250,000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Owned
Training  Yes.
Reason for Sale  Could not aquire adequite financing to build the prototype drive system.
Description  Magnetic Motors Corp is a Windsor Ontario Canada based research and development company, that is committed to being a leader in the renewable energy race by designing and developing new power systems for the world market. MMC is owned and operated by Michael Robert Axford a Canadian citizen. Michael Axford is a dynamic over achiever, who has a lifetime of electromechanical part and product design, in addition to 20 combined years of production and project management experience. His current research and development company Magnetic Motors Corp is the platform for the free energy solutions he has designed and developed over the past 3 years, culminating a lifetime of experience. His devotion to constant improvement has been the catalyst to his many successes, and his benevolence is reflected in the products he has developed for the betterment of all mankind. Asking $75,000 for IP and Prototype motor. Contact for more information on this electromagnetic drive system manufacturing business for sale.
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