Asking Price: $3,800,000 Gross Revenue: $6,050,000Cash Flow: $847,400 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,500,000 not 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.
This is a once in a lifetime opportunity to acquire a three-decades young sporting goods retailer that has been operated exceptionally well and is on pace to grow by approximately 30% in FY 2019. Its ecommerce division represents 60% of total revenue and is on pace to grow over 35% in FY 2019. Some individual brands grew over 100% in 2018 and its largest brand by dollar volume grew 127% in FY 2018 and is expected to grow by another 93%+ in FY 2019.
The Seller founded the Company over thirty-five years ago and has operated it with precision and excellence. He now desires to retire at a time when the business model is becoming more ecommerce driven - the perfect inflection point for a 'next generation buyer' to take the helm as it lifts off to new heights.
The Company maintains strong and easily transitioned relationships with premium, best in-class brands in each of its product categories. The merchandising is virtually all high-end manufacturers that strictly enforce MAP pricing policy - including the e-commerce channel(s) - which means the business will always enjoy healthy, protected margins.
Not only is the target industry growing faster than the broader US economy, the Company garners more affluent buyers and is positioned physically in the highest income demographic in its region.
The opportunities for future growth are limitless, and though the Seller has invested relatively little in marketing and growth initiatives, the Company continues to realize enormous success online.
The business is appropriately staffed and all of the infrastructure is in place to be a turnkey solution for another owner / operator or for an investment manager looking to add a high yielding asset in this consumer industry vertical.
----- Please review the attached Teaser for more information. Upon the completion of an NDA, which is attached to the end of the Teaser, prospective Buyers will be provided with additional information including the confidential Offering Memorandum for the transaction from Providium Advisors.
About the Business
Number of Employees:
The business has two physical store locations, one of which also serves as a warehouse. Seller has invested substantial resources into the infrastructure and technology at the stores which the buyer will immediately benefit from.
Growth & Expansion:
There are a tremendous number of significant short-term and longer term growth opportunities for the business. These are all outlined in detail in the Offering Memorandum.
Seasoned Specialty Sports Retailer with Explosive Ecommerce Growth!
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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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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