Hi-profit manufacturer / distributor of Proprietary ATV Snorkel Kits and Accessories Products
Company is a well-established manufacturer that engineers, fabricates and direct-sells 70+ proprietary accessories for ATV customization. Business is growing 20 to 40% annually with gross profit margins of 55 to 65%. Products are in high and ACCELERATING demand globally. Owner-operator grew concept from a part-time garage based business to a full time thriving and growing enterprise. Owner is an inventor at heart and cannot manage growth or business. The business can be operated and relocated anywhere in the country. Sales are internet based with established North American wholesale dealers and retail customers. All manufacturing processes are simple, safe, easily trained and readily expanded. The owner can readily demonstrate sales and expenses. Sales are prepaid with no accounts receivables.
Explosive growth has occurred during the past 5 years; the business is poised for continued growth and expansion in a virtually untapped and inadequately serviced market. The business has an internet presence with no paid advertising. Leads are primarily repeat and referral. A new, energetic owner can double and triple sales & profits in many ways: 1. increase sales/production capacity, 2. expand current proprietary product line, 3. market/advertise (NONE currently - all repeat/referral business), 4. Hire inside sales staff, 5. cross-sell other ATV products such as tires, windshields, after-market parts, bumpers, winches, roofs, etc., 6. improve parts purchasing, 7. expand sales hours, 8. implement Toll-free phone sales/support, 9. offer expedited shipping, 10. develop and offer 1-stop shop for ATV customization.
The Price for the assets of the business is $2,300,000 with $2,000,000 cash at closing and balance of $300,000 seller financed to a buyer approved by seller for 3 years at 8%. All financing to be personally guaranteed by the purchaser. The assets include inventory o