133% YoY Growth Ecommerce Biz with $1.2M Rev in 2019. includes Patent

Dallas, TX (Collin County) (Relocatable)

Seller Financing Available
The Patented High Growth Hail Protector Business
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Asking Price: $990,000

Cash Flow: N/A

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $5,000

Inventory: $300,000

Established: 2011

133% YoY Growth Ecommerce Biz with $1.2M Rev in 2019. includes Patent

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Business Description

6 Yrs High Growth + Patent, $2.7 total projected EBITDA '20 to '22

$1.2M revenue pace in 2019 and $2.6M since launch to market. 1,000,000 website hits in 2019. Hail Protector launched to market 6 years ago, in August 2013, after 4 years of design, development and testing. Since then, the company has experienced a compound annual growth rate of 70%, over 6 years, with year over year growth of 165% in 2019. The Hail Protector utility patent is effective as of March 2012 and enforceable till March 2032.
The Hail Protector System now protects nearly 10,000 automobile owners nationwide, across 42 states, 11 countries and 4 continents, with true international launch scheduled to occur in January 2020. The business is in growth mode, easily scalable with ecommerce sales via direct website (hailprotector.com) and via Amazon Store. Fulfillment centers, in the USA and overseas, manage order fulfillment and enable the company to benefit from very low customer shipping rates. Mature supply chain developed over 8 years since business inception in 2011.
At the end of 2017, after achieving $387k 2017 income, the business and patent were valued at $2.7M by a Certified Valuation Analyst. Now on pace for between $1.2M and $1.3M income in 2019, the asking price of $990k represents tremendous value to the acquirer and a six year growth rate of 70%.

Attached Documents


Detailed Information

Location:
Dallas, TX
Inventory:
Included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Hail Protector is an efficient business built to scale. 3rd party fulfillment centers in the USA and overseas manage order fulfillment and leverage scale for low customer shipping rates. Ecommerce is driven through our direct website, hailprotector.com, and through our Amazon Store. Supply chain is mature and consistent for 7 years, with two finished product suppliers. All built to scale. Hail Protector is nimble and relocatable due to the reliance on proven 3rd suppliers and fulfillment centers. (Home Based)
Competition:
There have been a few longer-term players in the automobile hail protective cover market segment (Hail Blanket, Hail Cover Autotechnica (Australia only) and Outdoor Car Capsule). But these solutions are either much more expensive, don't provide serious protection levels, are not portable or a combination thereof. All of these features are included by the Hail Protector. In the past six months, Hail Suit, Lanmodo Umbrella and Hail Armor have launched to market, but lack proper protection, lack value proposition and/or utilize irresponsible materials.
Growth & Expansion:
Hail Protector has benefited from a Compound Annual Growth Rate (CAGR) of 70%, including 133% year over year in 2019. Projecting 66% CAGR, over next 3 years, results in $7.8M rev in 2022 and total EBITDA of $2.7M between 2020 and 2022. Scalability of company enables EBITDA to grow from 10% in 2020, 17% in 2021, 19% in 2022, 22% in 2023 and 22% in 2024. Positive cash flow is achieved in 2020 and acquisition price is recovered in EBITDA by mid 2022. 2022 rev is 6x 2019 and a relative company valuation greater than $10M by 2022 at a mere 1.5x 2022 rev.
Financing:
negotiable financing
Support & Training:
The founders will provide in-depth training over a negotiable amount of time. We invented the product and built the business from scratch, so we want to do everything in our power to ensure the buyer will realize all business growth potential with a tier 1 total addressable market of 22.4M users or $5.9 Billion at an average selling price of $262.
Reason for Selling:
Founders seeking to capitalize on largely bootstrapping the company for 10 years
Home-Based:
This business is Home-Based
Business Website:
http://hailprotector.com/
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Business Listed By:
Michael Siciliano

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