Consumer Product Manufacturing - Growth 2021

Not Disclosed, WA

Asking Price: Annual Revenue:
$6,500,000 Not Disclosed

Manufacturing: Non-classifiable

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RE: Consumer Product Manufacturing - Growth 2021 Broker: Gregory Kovsky
Owner Financing is Available!
The seller is willing to retain equity or finance up to 30%.

Quick Facts

Asking Price: $6,500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $2,500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 563835781
Broker Reference #: FM2021

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Business Overview:

This consumer products company is an innovative, manufacturing, distribution, E commerce, and retail platform business that has effectively combined humor and pop culture elements with home accessory, apparel, and entertainment products. Capitalizing on an untapped market segment with significant upside potential for continued growth the business experienced year over year growth in 2020 over 2019 in its retail segment exceeding 115% and approaching 150% in its wholesale division. 2021 growth in wholesale revenue is up over 235% through two months versus the same period last year with direct retail sales showing almost a 65% increase. The sale is motivated by ownership’s desire to hand executive leadership of this fast-growing company to someone with the C-suite marketing, management, and finance skills to allow the business model to achieve its eight figure revenue potential in the next couple of years. The founder welcomes the opportunity to remain engaged post sale as a sounding board, visionary, and consultant. This commitment is evidenced by the owners willingness to retain up to a 30% equity position in the company after the sale. The desire does not exist to remain operationally engaged after a reasonable transition period. A majority of revenues for the company are generated from in house manufactured products employing Henry Ford centric processes emphasizing efficiency and productivity. The staff of the business consists of between 25 - 30 individuals including a general manager, production manager, marketing manager, retail store manager and two owners. The owners of the company fill the positions of CEO & CFO. They contribute 1.50 – 3.00 FTE’s to the operation on a monthly basis depending on time of year and the management needs of the company. The business operates out of two locations. Corporate offices & manufacturing occurs out of an approximately 7,500 square foot facility with a present rent rate of $7,675 per month. The current lease for use of this space expires July 15, 2025. The lease has two five year extension options protecting occupancy for another ten years. The business operates a retail store out of an approximately 3,925 square foot space at a present rate of $4,565.27 per month. The current lease for use of this space expires July 31, 2022 with an option to extend for another two years.

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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.

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