Ecommerce Surfing & Accessory Company growing at Extraordinary Rate!

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Cash flow doubled in 2018 and is set to nearly double in 2019!
Asking Price:
$1,290,000

Gross Revenue:
$1,208,000
Cash Flow:
$240,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$217,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
Mecklenburg County, North Carolina
Year Established:
2003
Number of Employees:
2
Relocatable:
Yes
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
The Owner is a corporate executive and is time constrained running the business
Training/Support:
The Seller is very flexible and is willing to work with a new owner to ensure that any transition goes smoothly.
Seller Financing:
Seller Financing Available

Listing Info

ID:
1629119
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  Teaser and NDA (378 KB)
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Business Listed by

Joe Hogg

Global Wired Advisors

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Sponsoring Broker:

Jason Somerville
Global Wired Advisors


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