14-yr-old boy rejects $30m offer for sale of unique vending machine idea

May 13, 2016 7:35 PM

Taylor Rosenthal, from Opelika, Alabama, who had come up with an idea for the creation of vending machines that dispense first aid kits, reportedly rejected a $30m offer from a 'large national healthcare company'.

News report have revealed that a 14-year-old school boy who came up with a multi-million dollar idea, has turned down a $30 million offer for the sale of his idea.

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Taylor Rosenthal, from Opelika, Alabama, who had come up with an idea for the creation of vending machines that dispense first aid kits, reportedly rejected a $30m offer from a 'large national healthcare company'.

Rosenthal made the choice to hold on to his precious idea, instead of selling out and has, according to reports, raised $100,000, in angel investments.

Daily Mirror reports that Rosenthal intends to sell the machines for $5,500 each, and keep the money for him self.

The reports reveal that Six Flags theme park in the United States has now placed an order for a 100 vending machines.

Speaking with CNN Money, Rosenthal says:

"We had to come up with a business idea.

"Every time I'd travel for a baseball tournament in Alabama, I'd notice that kids would get hurt and parents couldn't find a band aid. I wanted to solve that."

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The vending machine will reportedly offer a variety of products within the prepackaged first aid kits which would range from £4 to £11 in price.