Business Overview:
This niche action sports product company features a proprietary line of specialty products, including wetsuits, surfboards, and beach apparel. The company has experienced over 100% year-over-year revenue growth since 2018 across its wholesale, retail, and online sectors.
This well-known brand is recognized as the go-to choice for value-driven and quality-minded consumers in the surf market. This globally recognized brand would provide a shortcut for action sports companies to add new products to their existing lineup or expand existing channels of revenue. This would be an ideal fit for a large retail outlet that would like to add an in-house product line to increase margins and revenue or a brand in a related industry that would like to enter the $3.97 billion billion surf market. The company has affiliations with professional athletes and its products are recognized for their high-quality, good value, and on-point designs.
Growth could be rapidly accelerated with an additional infusion of working capital to expand capacity. The current location is a 9,000+ square foot leased retail/office space and a 9,000+ square foot local off-site warehouse facility in California. Still, the warehouse facility could be relocated anywhere in the USA without affecting operations. The owner is planning to retire, though he would be willing to stay involved for a negotiable period of time as CEO until a suitable replacement has been found.
This is an established business. This is not a new franchise or start-up opportunity.
NEXT STEPS: If you’re interested in this business, please fill out the contact form and we will email you an NDA to e-sign. Please look for an email with the subject "Morgan & Westfield - Global Wetsuit & Surf Brand - 100% Growth YOY”. You can access more information on this business after e-signing our NDA.
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Property Features and Assets:
The current location is an 18,000+ square foot leased retail facility office and warehouse facility.
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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