Motivated Seller! - Sports Equipment Co Price Redu

Ronkonkoma, NY
Suffolk County

light industrial, near airport

Asking Price: Annual Revenue:
$275,000 $400,000

Recreation: Gyms, Health & Fitness, Sports

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RE: Motivated Seller! - Sports Equipment Co Price Redu Broker: Buyer Services

Quick Facts

Asking Price: $275,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 5
BBN Listing #: 599553902
Broker Reference #: 07011779

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Business Overview:

Currently located in Ronkonkoma, New York, and easily relocatable anywhere in the USA, TW Promotions Inc. was founded in 1985 by three amateur wrestling champions. While involved with Resilite Sports Products, the largest wrestling mat manufacturer in the United States, the idea for a Mat Rack System was conceived. Having personally labored in the lifting, moving, and installation of those heavy mats, the owners were wholeheartedly involved and became proficient in all aspects of the wrestling mat phenom. The founders developed and patented plans for what remains today the only Mat Rack system of its kind. As lighter mats entered the cheer, gymnastics and wrestling marques and became popular TW Promotions introduced the Mat Basket Line in 2012.
Considered a light fabrication and assembly product, the Mat Rack and Mat Basket Systems are easily housed in a 2000 sq. ft. warehouse. Currently, a fabricator produces all system components. These components are then powder coated and delivered to the warehouse for assembly. The Mat Rack and Mat Basket Systems are then shipped directly to the end-user, mostly assembled. End-users include High School and College Athletic Departments located throughout the United States and Canada. The Sellers have all drawings and designs for use by fabricators. This Business could easily be relocated and operated from anywhere in the United States.
TW Promotions currently offers their Mat Basket System in two convenient sizes (three and four mats per basket) which can be combined in any combination to meet the customer’s needs. The Mat Rack System includes a permanently mounted Wall Rack, which is customizable to meet the specifications of customer’s mats. The manually loaded Mat Rack system allows three mat sections to be stored on a convenient, movable rack. The Winch-Loaded Mat Rack system utilizes an easily operated hand winch to raise and lower the mats to each level of the storage rack. All Mat Rack and Mat Basket Systems are completely transportable.

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Property Features and Assets:

The business is easily relocatable to anywhere in the United States. All that is needed is a light industrial warehouse with approximately 2000 sq. ft., a fabricator, and a powder coating affiliate. Staff includes assembly and shipping, plus sales and marketing.

Market Competition and Expansion:

With a robust marketing campaign, that requires a small budget this business has massive room for growth. E-mail marketing, direct sales, and word of mouth are currently used for advertising. Due to the unique nature of the Business, Expansion may not be an important factor in maintaining growth. In the current location, 80% of the 2000 sq. ft. space is utilized. Efficient use and management of this location has helped maintain profitability. Little competition exists for this unique, patented specialty equipment. The business caters to educational venues, namely Secondary Education Schools, Colleges, and Universities nationwide, where the market has always been consistent and stable.

Reason for Selling:

The original founders are ready to retire..

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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