Asking Price: $1,290,000 Gross Revenue: $1,208,000Cash Flow: $240,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $217,000 included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Global Wired Advisors has been retained by a rapidly growing online e-commerce company in the surfing and outdoor accessory market, to seek a sale of the business.
The Company sells products primarily through the Amazon marketplace and its own website. Growth is being driven through both international expansion and an increase in orders from U.S. retail accounts (some big box retail accounts). All products are self-branded and the company has only begun to scratch the surface of the outdoor sports industry outside of surfing.
The Company’s target market includes outdoor enthusiasts interested in surfing, paddle-boarding and kayaking, as well those interested in biking, skateboarding and snowboarding. Its key demographic is adults aged 18 to 54 years of age who pursue an active lifestyle.
Since its founding in Southern California in 2003 with one wooden surfboard rack, the Company has grown into one of the largest providers of surf and paddleboard storage accessories worldwide. Its products are designed and created in-house and many of its top selling products were invented by the owner. The Company has created a brand with a loyal following by creating quality products that both look great and serve a useful purpose. It is a leader in the surfing accessory niche, and the company has developed strong brand recognition which can be leveraged by a new owner to increase global market share in many different products.
This company is currently operated out of Southern California but could be run from anywhere in the world. THE OWNER CURRENTLY ONLY SPENDS APPROXIMATELY 15 HOURS PER WEEK MANAGING THE BUSINESS.
This transaction is eligible for SBA financing for qualified buyers.
Please review the attached Teaser for more information. Upon the completion of an NDA, which is attached to the back of the Teaser, prospective Buyers will be provided with the complete confidential Offering Memorandum for the transaction.
About the Business
Mecklenburg County, North Carolina
Number of Employees:
Competition exists, but the demand for surfing products and related outdoor products is growing at a very fast pace around the globe. The company is currently a brand leader for surf racking systems, and can use their product awareness with customers to pick up additional market share.
Ecommerce Surfing & Accessory Company growing at Extraordinary Rate!
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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
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