Smart Fish Finder with Mobile App and Data Analytics (Make Offer)

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#1 Best Seller on Amazon.com
Asking Price:
 Not Disclosed

Gross Revenue:
$1,300,000
Cash Flow:
 Not Disclosed
EBITDA:
$150,000
Inventory:
$250,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

$1.3M revenue run-rate for 2019. Poised for explosive growth and profitability. New interactive end-cap display with leading sporting goods retailers, with ability to promote add-on products. #1 highest-rated product in the category on Amazon.com.

This company is one of the leading manufacturers and distributors of fish-finding equipment for the recreational fishing market. The company's products are sold through major retailers like Dick’s Sporting Goods, Cabela’s, Walmart and Costco, as well as online retailers like Amazon. More than 400,000 customers (incl app users) and $8M in total revenue since launch.

Four U.S. patents and three trademarks. Mobile app collects data on millions of fishing spots -- how deep the fish are, when they bite, and what kind of bait was used.

Outstanding opportunity for buyer in the recreational fishing business. Name your price! Best reasonable offer accepted. Owner must sell.

About the Business

Location:
Fort Myers, Florida
Year Established:
2014
Number of Employees:
7
Relocatable:
Yes
Facilities:
Leased office and fulfillment warehouse.
Website:
reelsonar.com
Market Outlook/
Competition:
Fishing is the most popular recreational activity in the U.S., with 46M people (fishing licenses sold annually). Spend is $45B a year, $5.3B on equipment. The market is ripe with the opportunity to capture market share with a feature-rich castable fish finder priced at less than $100. The app is the most data-intensive, feature-rich fishing data mining platform for business looking targeted advertising and brand affinity information.
Growth & Expansion:
Very large and growing market. Superior, patented technology. With the right advertising and distribution, company's financial model conservatively projects $25MM in sales by 2020. The market for the data collected by the company's devices could be expanded to oceanic and govt agencies for scientific purposes.
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About the Sale

Reason For Selling:
Need buyer who can take company to next level.
Training/Support:
Sellers will stay on for transition, or longer as mutually-agreed.
Seller Financing:
negotiable

Listing Info

ID:
1563512
Ad Detail Views:
275


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Business Listed by

Michael O'Donnell

Michael O'Donnell PA
License# BK3346015

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