Leading Carbon Fiber Longboard/Skateboard Brand - Unique from Market

Palm Beach County, FL (Relocatable)

Carbon Fiber Board with logo blurred out
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Asking Price: $110,000

Cash Flow: N/A

Gross Revenue: $60,000

EBITDA: $25,000

FF&E: $50,000

Inventory: N/A

Real Estate: N/A

Established: 2013

Leading Carbon Fiber Longboard/Skateboard Brand - Unique from Market

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Business Description

No Identical Competitors - Easily Scalable - Online E-commerce

Located in South Florida, this business distinguishes itself as the industry leader of high end longboards and skateboards handcrafted entirely out of a carbon fiber foamcore construction. With 25+ different board models, this business tackles every discipline of skateboarding. Utilizing a carbon fiber construction, these boards exhibit all of the ideal characteristics unlike any traditionally wooden board can offer: Lightweight, superior strength, weatherproof, and durability to name a few. 99% of every skateboard competitor offers solely a wooden construction, which limits performance and has its downfalls.

With the assistance of highly accurate machinery such as a fully owned waterjet and CNC routing machine, along with a unique and heavily researched-and-developed manufacturing technique, these boards are made to order and have a high variability of customization.

This company's boards are sold domestically and worldwide via it's e-commerce platform, utilizing its strong social media presence and SEO (search engine optimization) techniques. These boards have won "board of the year awards" by highly renown longboarding organizations/blogs, and have been featured on multiple popular YouTube channels exceeding 1 million views. They are truly unique in terms of riding experience and aesthetics. This business's products are being sold in a handful of known retailers in America and a few other countries around the world.

With the business development and expansion experiencing increases in gross revenue each year, the growth potential under the right management can take it even further. I started this business in 2013 while in university and have been growing it ever since. I have a passion for entrepreneurship and strive to pursue a number of new ventures and am hesitantly ready to hand my baby over to its next owners.

This business is the perfect opportunity for somebody looking to pick up where I left off: an established, reputable and growing, unique company that produces wickedly awesome carbon fiber boards unlike anything available on the market. It could even be an ideal project in perhaps teaching your son the dynamics of running a business. Sourcing the raw materials, using incredible machinery such as waterjets and CNC machines to custom tailor a customer's board, vacuum press raw carbon fiber fabric into works of art that shred down mountains and across college campuses. It's not a boring and dull business, that's for sure.

I am looking for $110,000 for the sale of my company, which included in the offer comes both an OMAX 2652 Waterjet and 50"x50" CNC Routing machine. Both are in excellent condition and have been well maintained. Simply these 2 pieces of machinery can develop into a business in itself operating as a basic machine shop. I currently offer my waterjetting services to locals and businesses needing cutting done, yielding $5k+ in yearly sales with minimal advertising on Craigslist. Several individuals and companies per month approach me with a $200-800 waterjetting job, which can run itself in the background while I focus on making skateboards. I purchased my waterjet from a retiring lady who did just that as her sole source of income for 10+ years and made a decent living simply waterjetting parts for locals.

I am also willing to sell everything, excluding the Waterjet and CNC, for $60,000.

I am selling this business because I would like to dedicate more time into a number of other businesses I am currently developing and beginning to run. My father has a patent, which if I could give my undivided attention, could be very lucrative. I've been working on my company for 5+ years now, and while I love it and enjoy making boards, I think it is time to see what new things I can bring to life and grow from.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This company will need to be relocated, as it is based out of a residential workshop at my house. Vacuum tables and bags, large spool holders, dozens of unique board molds, trade secrets and intellectual property such as registered trademarks, domain names, social media accounts, email lists, etc. Included in the offer comes both an OMAX 2652 Waterjet and 50"x 50" CNC Routing machine. Both are very pricey and essential tools in production. (Home Based)
Competition:
There is a dominating presence of traditional wooden skateboard brands on the market, with little differentiation from each other. There is less than a handful of fully carbon fiber board companies competing amongst one another, maybe 3-5, whereas mine has the largest market share and reputation. One of the companies operates out of Europe selling a board here and there for $1,500+ each, while another company only offers 3 or so different shapes. My boards compete head on with wooden boards price-wise, along with a large number of models to choose from.
Growth & Expansion:
As a one man operation, this business has TONS of room for growth. My focus in the 5 years of running this business have primarily been in refining and perfecting the manufacturing process. Most of time is consumed in keeping up with current demand and the rest on other side businesses I'm working on. There is room for improvement in marketing, advertising, and development of ancillary products such as accessories, hardware, helmets, and apparel. A dedicated sales force can potentially make an astronomical impact on sales.
Support & Training:
I am willing to train and remain onboard as a designer for up to 3 months to ensure a smooth transition of ownership and operations. A comprehensive operating and training manual will be available, covering everything you need to know, from suppliers to manufacturing techniques.
Reason for Selling:
I'm currently developing 3 new start-ups, and could use the additional time + $
Home-Based:
This business is Home-Based
Business Website:
http://www.hi5ber.com
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Business Listed By:
Brian

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