Business Overview:
The March Group currently represents a leading producer of software-based gaming peripherals, especially for use with interactive dance games. The Company’s products are successfully positioned in several distinct niche markets. Manufactures a number of gaming platforms, from systems for home use to commercial systems for fitness facilities to expanding school and educational markets. Among the longest lasting gaming accessories available, products consistently rank higher than competitors on the desired characteristics of high quality construction, game play sensitivity, and overall durability. High recognized value and a lack of competition allow for pricing that supports high margins (approaching 63%). Between 2005 and 2007, revenue increased nearly 235% to top out at $3.98 million, and EBITDA has also grown substantially, reaching $1.36 million in 2007. Sales slowed in 2008 as the overall economy declined and management turned its focus on the development of its new product line, BluFit, a revolutionary and proprietary multiplayer active gaming product. Currently supports an account base of nearly 30 wholesale customers and hundreds more make retail purchases directly from the Company. Holds numerous utility patents for the components that contribute to the superiority of the Company’s products. Supportive research has established interactive gaming as the 21st century approach to the problem of childhood obesity in YMCA’s, community centers, fitness clubs centers and physical education curriculum's K through 12 around the world, and will affect the Company’s profitability growth well into the future. Established brand awareness and loyalty make this acquisition an excellent means of product line extension.
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Property Features and Assets:
Leases a 15,000 square feet facility, with approximately 12,000 square feet used for warehouse and production and the remaining 3,000 square feet used as office space.
Market Competition and Expansion:
With appropriate capital, management foresees the development and expansion of existing software to pioneer interactive dance products for the fitness, physical therapy, retirement community, and professional sports training markets.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.