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Businesses For Sale   >>   E-Commerce and E-Tailers Businesses For Sale

Fishing Reel Site For Sale

Location  Florida,United States
Asking Price Range  < $250K
Gross Revenues  $116154
Net Profit / Cash Flow  $20000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2006
Number of Employees  1 - 3
Inventory  3000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Negotiable.
Reason for Sale  Was an add on to current business - no time to run.

Description  
I have a 6 year old website that sells fishing reels internationally. The vast majority of the reels are sold to fishermen in Australia and New Zealand. The website made a gross profit of $178,330 in 2011 (I can verify 2009, 2010, 2011 & 2012 income with IRS returns). The site mainly sells Shimano reels but there is plenty of room to increase sells with the addition of other types of reels. I purchased this site in the middle of 2013 as an addition to my fishing lure manufacturing business. However, I have a full time job with a wife, kids and the lure manufacturing business and thought I could juggle them all; however, I now know that is not possible. Since I haven't been able to handle them all, this site (among other things) has suffered. The site needs someone to come in and start marketing to the current database of fishermen along with start communicating on popular fishing blogs. I had a professional logo created for the website and have cases and cases of hats to customize and give away with orders. We currently have two distributors for the reels (really anything fishing). Unless there is a really good sale, we sell the reels cheaper than Gander Mountain, Cabelas, Bass Pro and Walmart. The purchase of the business will come with approx. $2K in reels and fishing line. Since the reels are shipped internationally, you will need to stock inventory. We do have a 60 day net with one of the distributors. Also, you may qualify for $50K in financing through the SBA since this is an export business. We would be willing to offer some owner financing. We would prefer a continued percentage of ownership. I will not be releasing the site URL or distributor information without a signed non-disclosure agreement along with proof of funds. This is a legitimate business. Unfortunately, we do not have the time to continue to run the site. If you do not have the financial ability to purchase the business and inventory, please do not respond.


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