Description:
The Company designs and manufactures premium smartwatch bands and other accessories, such as jewelry, wallets, purses, and apparel, made from pre-owned leathers and other sustainable materials. The Company repurposes authentic designer bags to produce handmade pieces featuring modern and elegant designs, selling directly to customers through its website and mobile app. The Company's products are compatible with a wide range of smartwatch brands, including Apple, Samsung, and Fitbit watches.

Key Aspects:
• Strong Adjusted EBITDA Margins: The Company maintains strong average adjusted EBITDA margins of 21.4% between 2023 and 2025.
• Integrated Mobile App: The Company operates a proprietary mobile app to expand its sales channels beyond traditional e-commerce and support low-cost marketing.
• Tiered Loyalty Program: The Company operates a tiered loyalty program based on customer spend that resets annually to incentivize ongoing customer engagement and repeat purchases, with 650+ qualifying customers in 2025.
• Sustainable Upcycling: The Company’s upcycling model leverages preowned materials to reduce costs, support sustainability, and strengthen brand positioning while fostering long-term customer relationships.
• Intellectual Property (IP): The Company holds meaningful intellectual property, including a design patent for one of its watchband product lines and patent-pending status for another product.

Opportunities:
• Scale Mobile Engagement: Expand the Company's app user base through targeted growth initiatives and enhanced user experiences, leveraging customer purchasing and engagement data to personalize offerings, increase daily activity, and drive higher sales volumes.
• Establish In-Store Presence: Engage major retailers, such as Best Buy, Walmart, and Target, to increase brand awareness and enhance product accessibility for in-person shopping.
• Pursue Partnerships: Collaborate with designers, artists, and lifestyle brands to launch limited-edition collections and expand brand reach through co-marketing initiatives.
• Expand Geographically: Enter new domestic and international markets by partnering with distributors and retail channels to broaden the Company’s footprint and accelerate revenue growth.

Headquartered:
• Western US

Current Markets:
• The Company sells directly to individual customers, both domestically and internationally, with a primary focus on smartwatch owners who seek modern and creative designs made from sustainable materials, according to management.

Real Estate:
• The Company operates out of two suites totaling approximately 7,000 sq. ft. The facility is owned by an affiliated entity and is not included in the sale of the Company; however, management notes that the lease is assumable post-transaction and that the Company is easily relocatable. The Company operates a digital storefront through its website and its mobile app.

Shareholder Objectives:
• The Company is wholly owned by a husband-and-wife duo, who are seeking a complete sale to pursue other unrelated ventures. The owners are open to various deal structures and are willing to remain for a negotiable period to support a smooth transition to new ownership.