Unique Musical Instrument Business with Great Potential

Long Beach, CA (Los Angeles County) (Relocatable)

Nomad Drum
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Asking Price: $95,000

Cash Flow: $60,000

Gross Revenue: $120,000

EBITDA: $30,000

FF&E: $18,000

Inventory: $12,000

Real Estate: N/A

Established: 1998

Unique Musical Instrument Business with Great Potential

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Business Description

Started in 1998 by two brothers making decorative drums from gourds. As time went on they learned new techniques, turning what were once decorative pieces into professional quality, one of a kind musical instruments. After working with artists such as Moe., Jane’s Addiction, Pancho Sanchez and more, the business was shut down in 2008 while the brothers went their own ways. Late in 2017 after numerous talks the brothers decided to relaunch their drum business. After initial setup of a newly tooled shop and a couple production runs they were just getting ready when suddenly one of the brothers suffered a tragic death. Even though it was an existing business we are selling it basically as a startup. The financial numbers we have provided are estimates based on the business we were doing in the past.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
600
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently working out of my own garage. All equipment is in excellent condition and includes the following: Disc Sander Bandsaw Dust collector Rotocaster Bench sander/grinder Air compressor with finishing tools, hoses, etc. Various hand tools Nissan Titan pickup truck Existing Inventory Raw Materials And More
Competition:
There is no direct competition that does exactly what we do, plus each product we make is unique allowing us to maintain a higher asking price. We have a combination of direct and wholesale business. We do well at music and art festivals - locations vary. There are several wholesale markets that can be sold to including music shops, home goods shops, and gift shops.
Growth & Expansion:
Nothing but growth potential for the right buyer. Many new product possibilities and market possibilities. New equipment allows the manufacture of all kinds of new products.
Financing:
Cash sale
Support & Training:
The sale of the business includes a 30 day set up and training period along with 6 month limited consultation by phone.
Reason for Selling:
Death of partner
Business Website:
http://NomadDrumCompany.com
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Business Listed By:
Dennis Delaney

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