New Watercraft Business
Location California,United States
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Looking for partner.
Description I am looking for financial partner in new business venture. I have a 3yr contract to sell a new line of watercraft for both retail and wholesale for all of Los Angeles and Orange County. The product is motorized kayak's and motorized surfboards. I used to work for the manufacturer and instead of a salary I took a written contract to distribute the product. The product is manufactured in China and is ready to ship.
I am looking for a silent or active partner. Unfortunately, I do not have the proper funding to open a ''brick and mortar'' showroom. The product has been in design and engineering phase for the last 6 yrs and is now ready to launch. Because I hold the contract for all LA and Orange County I feel the need to make the product debut as upscale as possible. This is one of the best markets for this product in the world. Second to Florida, California has a year round season for watersports. You may see the product by going to surfango.com and watch videos or view pictures.
A container of product can be ordered anytime and delivery would be 30-40 days from order. 50% down and the remaining 50% on Bill Of laiden. A local storefront in Costa Mesa or Newport Beach is desired for the proper roll-out of this new watercraft.
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