Business for Sale

Leading Sporting Goods Manufacturer

BizEx669-DC

Background

General Location:Southern California, CA
Category: Durable Goods
Fabricated Metal Products
Years in Business:11
Under Present Owner:11
Hours of Operation:8am-5pm
Owner Hours:
Training:None
Organization Type:
Lease Expiration:
Lease Options:
Building Size:20,000
Employees:26
Reason for Sale:Retirement

Financials

Asking Price:$25,000,000
Down Payment:Negotiable
Gross Sales:$7,733,331
Discretionary Cash Flow:$3,124,883
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:
Financing:Call

2015** 2014 2013
Gross Sales $ 8,000,000 $ 7,290,000 $ 6,577,000
Gross Profit $ Call $ Call $ Call
Disc. Earnings $ 3,500,000 $ 3,200,000 $ 2,900,000

Description

This company has been described by its largest competitor as "the little giant" in the world of saltwater sport fishing. The sports fishing industry as a whole is a $48 billion-dollar industry in the U.S.A. $2.1 billion dollars can be attributed to salt water rods, reels and accessories. In its 13+ years, the company has grown from 1 revolutionary design to over 1200 SKU’s.

The brand is well known among fishermen for its superb engineering at affordable prices. Sticking to a narrow focus in the market, this is the “Apple Computer” of the fishing world. The owners are confident that the planned release of future designs will quadruple sales.

The company is for sale at a price of $15 million dollars plus an inventory stockpile worth $10 million dollars. Details of the company will require a signed NDA and proof of funds. Please contact David Chavez @ 310-503-6847 for a copy of the business review.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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David Chavez
Business Broker
4551 Glencoe Ave., Suite 210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 133
Direct: (310) 503-6847
Lic#: 01918858