AI to Predict Tooth Decay Listed for Sale on CrowdMnA

I developed an algorithm for my father, who is a practicing dentist in a South London dental practice, to predict the decay of teeth using AI. This helps to advise clients on preventative dental action. As more dental records are inputted to the database the ...

Venture Age 3/2017

London, City of, United Kingdom Software Other

AI to Predict Tooth Decay

Stage of development

Coding

Cash Invested

Employees

Revenue

1 - 2 years

£1,001 - £10,000

0

I developed an algorithm for my father, who is a practicing dentist in a South London dental practice, to predict the decay of teeth using AI. This helps to advise clients on preventative dental action. As more dental records are inputted to the database the program learns and updates it forecasts. The program is live in my fathers' practice and two other practices in London. I believe that other dentists could benefit from this technology.

The solution can be demonstrated online.

Claimed revenue, costs and profit/(loss) for the last three years (verified with personal tax return):

Year End	Revenue	Costs	Profit/Loss
31st March 2018	£15,000	£2,450	£12,550

Claimed revenue, costs and profit/(loss) for the last 12 months (verified with management accounts):

Month/Year	Revenue	Costs	Profit/Loss
July 2018	£1,250	£200	£1,050
June 2018	£1,250	£200	£1,050
May 2018	£1,250	£200	£1,050
April 2018	£1,250	£200	£1,050

Seller’s Q&A

General

What is included in the sale?

All the software and the three clients license deals to date.

Reason for selling?

I have a full time developer job.

Describe your business model in no more than 3 sentences.

The software is fully developed and now can be sold on an annual license fee to dental practices.

How do you generate revenue or if pre-revenue, how do you intend to monetise the venture?

Charging an annual license fee of £5,000 per practice.

How can you demonstrate your product or service to a buyer? (if not available at a website)

the solution can be demonstrated online.

Are you the original owner of the venture?

Yes

Technology

Do you own 100% of the source code and confirm it will all be transferred to the buyer?

Yes

Who developed the technology? Is this person(s) or entity available to the seller post sale to assist with the continued development of the technology?

I did. I would be happy to support the IT of the product in an ongoing part time role.

Describe any intellectual property included in the sale i.e. patents, trademarks, domain names etc.?

Source code

Financials

Can the venture’s revenue be accurately tracked back to it i.e. do payment descriptions/details include the venture’s name?

Yes, I have records for inspection.

Customers and traffic

Describe the type of primary customers of the venture (don’t state their names)?

Three dental practices in South London.

Other

Are you willing to sign a 12 months non-compete contract in the industry that the venture operates in?

Yes

State any period of post sale support that you will give to the buyer, normally 1 to 3 months.

I would be happy to support the product for 3 months after its sale or ongoing in a paid capacity if required.

Private Sale

Indicative price

£19,500

71 days left

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3.5% of sale proceeds