Specialized Kitchen Gadgets

Bakersfield, CA (Kern County) (Relocatable)

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Asking Price: $5,000

Cash Flow: $1,300

Gross Revenue: $15,600

EBITDA: $1,300

FF&E: $500

Inventory: $30,000*

Established: 2015

*not included in asking price.

Specialized Kitchen Gadgets

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Business Description

Proprietary Products in the Huge-Expanding Kitchen Gadget Insustry

An e-commerce business created in January 2015 which started selling their flagship product in June 2015 in the kitchen gadgets category. The Company's main product was designed and engineered by the founder.

Sales platforms includes a fully functional e-commerce website, Amazon FBA, eBay, Open-Sky, Shopify via Pinterest and Bonanza. The Company has various wholesale customers throughout the United States.

Recently, the Company's flagship product has been submitted to ABC's Shark Tank for consideration and the Company has been contacted by, "As Seen On TV" for potential product placement.

In November 2016, the Company signed a Celebrity Endorsement agreement with a prior Food Network Chopped Champion.

At the time of writing, there is a trademark registration that has been submitted to the USPTO by the Company. the registration of the trademark is currently pending.

Due to family matters, this business has had very little time dedicated to it in the past 12 months.

Detailed Information

Location:
Bakersfield, CA
Inventory:
Not included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Included in the sale of this business: 1. e-Commerce website/domain and all sale platform sites with contents. 2. All rights to pending trademark and patents. 3. All advertising content including promotional videos, print advertising and marketing material. 4. Portable conference display stand. 5. All inventory valued at date of sale. (FBO-Bakersfield, CA) (Home Based)
Competition:
Flagship Product: The Company's 5 SKU engraved stainless steel product has no direct competitors; however, there is one company offering a plastic/pvc product that bears a resemblance in functionality at the same retail price. Supporting Products: The Company sells three separate supporting products that have been marketed with the Company brand logo. These supporting products are in highly competitive categories. However, with these branded products, the Company has maintained several page one rankings on Amazon and eBay.
Growth & Expansion:
Opportunities for growing this business include: 1. Developing a national wholesale platform to include companies such as Bed, Bath and Beyond, Williams Sonoma, Target, etc.. 2. Developing a retail platform at County Fairs, Farmer's Markets and Swap Meets. Either by consignment or direct selling. 3. Developing a wholesale platform for grocery stores. All of the Company's products would mesh well utilizing an existing distributor for stocking. 4. Developing content marketing & SEO to provide more organic traffic to existing sale sites.
Support & Training:
The seller is willing to offer full time support for one week followed by 30 days of email and telephone support. Longer support can be included at a negotiated rate.
Reason for Selling:
Family Matters - No Time To Dedicate To The Business
Home-Based:
This business is Home-Based
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Business Listed By:
Richard Poe

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