Listing ID: 66892
30+ years as a premier Hood River wind and watersports manufacturer and distributor of related products. This company has been supplying enthusiasts and retail shops across the globe for decades and has brand loyalty to products manufactured within its Hood River facility. A perfect opportunity to escape city life and live in one of the Pacific Northwest most desirable resort locations.
Made in the USA manufactured accessories across many markets, Windsurfing, Stand Up Paddle Boarding, Kiteboarding/Wing Surfing, Kayak/Rafting and Surfing more. Endless opportunities for networking and continuing to expand and explore new markets. In addition to manufacturing, long term, solid distributor relationships with recognized brand-named products.
Dealer and wholesale accounts set up globally represents a turn-key opportunity to step in and run your dream business. Sales have exploded during the pandemic due to a solid business model that adapted quickly to the circumstances. People will continue to seek outdoor adventure for years to come making this business-for-sale opportunity perfect timing for a savvy entrepreneur. An NDA is required to review this confidential opportunity.
- Asking Price: $425,000
- Cash Flow: $145,021
- Gross Revenue: $943,380
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $175,000
- Inventory Included: Yes
- Established: 1991
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,200
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
New lease recently signed through 2025 with a 3-year buyer option.
The venture was founded in 1991, making the business 31 years old.
The deal shall include inventory valued at $175,000, which is included in the listing price.
The business has 7 employees and resides in a building with estimated square footage of 3,200 sq ft.
The real estate is leased by the company for $3,100 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. However, the real factor and the one they say to you may be 2 entirely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of various other factors. This is why it is really important that you not rely absolutely on a vendor's word, yet rather, make use of the seller's answer in conjunction with your overall due diligence. This will repaint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering things such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that revenue margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new clients? Most times, businesses have repeat consumers, which create the core of their everyday profits. Certain aspects such as brand-new competitors growing up around the area, road building, as well as staff turn over can influence repeat customers as well as negatively influence future incomes. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the possibility to develop a returning customer base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the regional typical family earnings influence future earnings potential?