Business Overview:
Oregon based outdoor recreational products manufacturer. Its products are used for a range of recreational and commercial applications throughout North America and to targeted international markets. The company designs, manufactures and sells its products through traditional distribution, Amazon and directly through online channels. Each brand is focused on offering customers superior function and value with its products. Most of the company’s products are Made in the USA.
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Property Features and Assets:
The company operates from a single 11,600 square foot facility. The leased facility occupies roughly one half of a commercial building with excellent access to major roads and transport. The building lease runs through September 30, 2022 with an option to renew.
Assets = $550,000
Market Competition and Expansion:
The company has experienced significant supply challenges during 2021 and material costs for steel tube, aluminum and resin have increased. Industry experts are projecting that prices will moderate in 2022.
Currently the company is forecasting 2021 Net Sales to finish in the $4.2 - $4.5 million range. Material costs are expected to stay high through the end of the year with some moderating in 2022 and beyond. The company sees significant opportunities for growth going forward along with some key strategic decisions.
Reason for Selling:
Seller is retiring.
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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