Distribution Company
Location: Minnesota > Hennepin County
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Asking Price: $645,000
Gross Revenue: $800,000
Inventory: $200,000 (Included in Asking Price)
FF&E: $466,000 (Included in Asking Price)
Business Summary
This company launched it first product in 2005. The products are after market designs, and they distribute accessories for SUV’s, Trucks and Motorcycles, (mainly Harley Davidson). This company out-sources all the manufacturing to other companies. The products are currently being sold in 12 other countries and with the growth of this company there will be more to follow.
In the first 2 years of distribution with only 1 item being sold in the Truck/SUV market there were over 100,000 units sold, which grossed over $1,000,000, with limited exposure. There are now 10 items with multiple designs per item that are currently being launched and there will be over 15 new items next year, mainly in the motorcycle line.
The seller of this company would like to see the business operated by a person or a business with a marketing background while he would continue working for the company in development of new products. The seller is on the creative side and the manufacturing side of this business, and understands after 3 years of operating this company, it needs to be managed by someone with stronger marketing capabilities.
The seller is asking $645,000 for the business which includes all the inventory and assets, (est. valued over $ 645,000) plus $1.00 royalties on eash product sold for the next 10 years.
In the first 2 years of distribution with only 1 item being sold in the Truck/SUV market there were over 100,000 units sold, which grossed over $1,000,000, with limited exposure. There are now 10 items with multiple designs per item that are currently being launched and there will be over 15 new items next year, mainly in the motorcycle line.
The seller of this company would like to see the business operated by a person or a business with a marketing background while he would continue working for the company in development of new products. The seller is on the creative side and the manufacturing side of this business, and understands after 3 years of operating this company, it needs to be managed by someone with stronger marketing capabilities.
The seller is asking $645,000 for the business which includes all the inventory and assets, (est. valued over $ 645,000) plus $1.00 royalties on eash product sold for the next 10 years.
About the Business
Year Established: 2005
Relocatable: Yes
Home Based: Yes
About the Sale
Management Training and Support: The seller will stay on with the company developing new products.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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