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Premium Independent Brand, multi-market, patented consumer product

Salt Lake City, UT (Salt Lake County) (Relocatable)

Seller Financing Available
Premium Independent Brand, multi-market, patented consumer product
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Asking Price: N/A

Cash Flow: $1,755,000

Gross Revenue: $4,060,000

EBITDA: N/A

FF&E: $23,000

Inventory: $559,000

Established: 2016

Premium Independent Brand, multi-market, patented consumer product

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Business Description

The seller is a product development company that is spinning off its most successful and recognizable brand. Versatile patented product sells into multiple industries. The product sells primarily in Automotive, Motorcycle accessory market, but has applications in Marine, Home & Garden, and Pet industries and more. The product launched in 2016 and has rapidly gained sales starting direct-to-customer through eCommerce and now into distribution with big major retailers that is growing rapidly. This patent protected product holds a niche all its own with simple yet effective technology this tool has grabbed the attention of car, truck, bike and motorcycle enthusiasts around the globe.

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Detailed Information

Location:
Salt Lake City, UT
Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is run entirely remotely. (Home Based)
Competition:
The Company’s current mix of e-commerce and retail placement has given a strategic advantage.
Growth & Expansion:
Significant business momentum. In 2018, sales topped $4M, including direct to consumer online marketplaces as well as brick and mortar retail stores in the U.S and Canada. Revenue increase from 2016 to 2018 grew at a CAGR of 42.2% driven by wide market acceptance, positive media responses, and online sales.
Financing:
considered for qualified buyer
Support & Training:
The Seller will provide sufficient training to ensure a successful transition.
Reason for Selling:
Strategic. The company develops and spins-off successful brands
Home-Based:
This business is Home-Based
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Andrew Cross

Business Listed By:
Andrew Cross

Cross Northwest Inc.

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