Listing ID: 76134
Colorado – Relocatable
This patented product offers the archer both professional and recreational a tool that saves time, saves targets and helps you practice better. Designed and manufactured by an avid archer after years of development and refinement. The current product is light weight and easy to use and learn. Margins are excellent and the price point is well below anything in the market. There is truly nothing comparable to this unique product.
The product has been under development for the last 6 years and is now fully in production. The business is currently being marketed directly to ranges and clubs as well as through the company’s web site. The product is manufactured and assembled 100% in the United States.
- Asking Price: $75,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Molds (2 sets) Inventory – assembled and components Packaging Design and Inventory
Negotiable as required by Purchaser. Seller will continue on to promote products if desired.
The owner/developer is in his 80’s and the business could benefit from a younger
This is a fantastic opportunity to purchase a United States based proprietary manufacturing business. The business could be easily relocated or incorporated into an existing business that is involved in plastic injection molding. If a new owner developed additional marketing channels such as representatives or direct sales to major sporting good retailers, sale would sky rocket. Reps at Scheels, Bass Pro, Dicks and others have all seen the product and are 100% behind its ease of use and effectiveness.
The company was started in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 entirely different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of various other factors. This is why it is very essential that you not count entirely on a seller's word, yet rather, use the seller's response along with your general due diligence. This will paint a more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Many times, companies have repeat consumers, which develop the core of their day-to-day revenues. Particular variables such as new competition growing up around the location, roadway construction, and staff turn over can impact repeat clients and also negatively affect future revenues. One vital thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to develop a returning customer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average home earnings impact future earnings potential?