Famous electic guitar component mfr.

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Asking Price:
$2,100,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$790,000
not included in asking price

FF&E:
$30,000
included in asking price

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Business Description

This is an internationally-known brand in the electric guitar space. Celebrity endorsements. Currently selling only from the company website (with high margins). Includes $790,000 in inventory at cost (approx. $6mm retail!). Prior year sales as high as $2mm. Began operations as a contract supplier for major electric guitar manufacturers. Unique products, high margins, several patents. Eventually evolved as a separate brand with patented product line. Superb reputation for very high quality. The electric guitar retail market is estimated to be approx. $2bln* (*BusinessWire.com) by 2020. Large expansion/upside opportunities. Would be a viable brand platform for launching new products such as guitars, amplifiers, synth's, electronic devices, etc. Currently operating profitably. Represents a lucrative bolt-on opportunity for almost any musical instrument OEM or private equity group in the musical instrument space.. Asking $2.1mm, includes numerous patent. Owner is 80 years old and ready to sell. Contact Michael Cash, at 702-281-4751, Benchmark Business Advisors, 17 years as full service Las Vegas business brokers. NV Broker Lic. 3 B.1001098.CORP, CA DRE #01955824.

About the Business

Year Established:
1994
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
6,000
Lease Rate/Sq. Ft./Mo.:
$0.55
Facilities:
6000 sq. ft. warehouse/shipping.
Market Outlook/
Competition:
Limited competition in this space.
Growth & Expansion:
Previous sales history of approx. $2mm/year. Some audited financials for prior years.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Full support and training by owner.

Listing Info

ID:
1523057
Ad Detail Views:
1160

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$
months
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Business Listed by

Michael Cash

Benchmark Business Advisors
License# BUSB#0000030, Broker#B.1001098.CORP

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