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Manufacturing Company with Patent of Boat Marine Product

Morehead City, NC (Carteret County)

GSM901
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

Manufacturing Company with Patent of Boat Marine Product

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Business Description

Custom Manufacturer, distributor, and retailer of a marine grade boat seat for kids.

The company owns the Patent. Seat is marine grade, so it withstands the elements of salt and weather. It is built to last for generations of kids and grandkids. It is easily transferrable to dock and home, providing several seats in one. Children ages one to four have the highest drowning rates. Drowning is responsible for more deaths among children one to four than any other cause, except birth defects.
International markets remain untapped, despite buyers requesting the product.

KEY FEATURES:
• Manufacturing enjoys the following advantages: being first to Market/Proof of Concept/No Competition.
• Growing organically at 33% while declining both USA and international opportunities regularly. No sales team or marketing plan has been implemented thus far.
• Marine grade construction, so it withstands the elements of salt and weather. Product is manufactured to last.
• A perfect safety record and an outstanding reputation online.

Sales have grown from 454 units in 2016 to est. 1,750 units in 2019.

Owner is open to complete sale or different deal structures.

For more information call Gulfstream Mergers & Acquisitions at (704) 892-5151.

Attached Documents


Detailed Information

Location:
Morehead City, NC
Competition:
No Competition! Unique patented product with tremendous upside. Over 87 million people participate in boating.
Growth & Expansion:
Strong Branding and licensing agreements experience would be a game changer for this product. A Natural fit in retail sporting and boating retail stores. Adding a soft seat to line with similar features and potentially a PFD allows for 2 price points and greater margins.
Support & Training:
Seller will train and support
Reason for Selling:
Retirement/semi retirement
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(from currently available funds)
 
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Jim Kniffen

Business Listed By:
Neil Boyles

Gulfstream Mergers & Acquisitions

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