Sport Goods Company for Sale in Beaverton, USA
Business that has developed an innovative patented fitness workstation that doubles as a cooler.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 5 thousand |
| Run Rate Sales | USD 12 thousand |
| EBITDA Margin | 40 % |
| Industries | Sport Goods |
| Locations | Beaverton |
| Local Time | 12:53 AM US / Pacific |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
175 thousand
(Native Currency: USD 175,000)
Reason: The owners want to sell the patent right of the products to a buyer who would manufacture and market...
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Includes physical assets worth
USD
75 thousand
Interested to connect with advisors
Documents
Business Licence
(2.0 MB)
Proposal Outline
(44.3 KB)
Business Overview
- The business has developed a patented and trademarked portable fitness workstation designed for use by all ages and fitness levels.
- The workstation offers versatile functionality, allowing for hundreds of different exercises, and includes two gaming options (cornhole and ring toss games), as well as serving as a functioning cooler for food and beverages.
- The patent and trademark to produce this product is a part of the sale.
- The company has obtained all necessary legal documents from the federal department for franchising within the USA, which will be transferred to the buyer, presenting an opportunity for expansion and growth within the domestic market.
- Manufacturing of the product has been outsourced to a large roto moulding manufacturer in Washington State, ensuring high-quality production standards.
- Despite limited sales at small expos and to local buyers due to our testing phase, the product has received positive feedback, with all units demonstrating a 100% satisfaction rate.
- The promoter of this business is a certified master fitness trainer, author of 2 fitness and wellness books as well as a certified speaker whose expertise in the field has added to the success of this product.
- The business offers the product at a price of USD 499, with an additional shipping cost of USD 100, positioning it competitively within the market since other similar products have a range of USD 1,000+
- With no complicated technology required for manufacturing and no electrical hazards associated with the product, there is potential for increased profit margins through overseas manufacturing in countries like India and China.
- Right now we have not aggressively marketed but are seeking to sell this business as we do not wish to build it further.
- As a 2 person LLC, we do not have a marketing organization which has limited our growth and showcases immense growth potential for the buyer.
- The workstation offers versatile functionality, allowing for hundreds of different exercises, and includes two gaming options (cornhole and ring toss games), as well as serving as a functioning cooler for food and beverages.
- The patent and trademark to produce this product is a part of the sale.
- The company has obtained all necessary legal documents from the federal department for franchising within the USA, which will be transferred to the buyer, presenting an opportunity for expansion and growth within the domestic market.
- Manufacturing of the product has been outsourced to a large roto moulding manufacturer in Washington State, ensuring high-quality production standards.
- Despite limited sales at small expos and to local buyers due to our testing phase, the product has received positive feedback, with all units demonstrating a 100% satisfaction rate.
- The promoter of this business is a certified master fitness trainer, author of 2 fitness and wellness books as well as a certified speaker whose expertise in the field has added to the success of this product.
- The business offers the product at a price of USD 499, with an additional shipping cost of USD 100, positioning it competitively within the market since other similar products have a range of USD 1,000+
- With no complicated technology required for manufacturing and no electrical hazards associated with the product, there is potential for increased profit margins through overseas manufacturing in countries like India and China.
- Right now we have not aggressively marketed but are seeking to sell this business as we do not wish to build it further.
- As a 2 person LLC, we do not have a marketing organization which has limited our growth and showcases immense growth potential for the buyer.
Products & Services Overview
- Patented and trademarked portable fitness workstation.- Offers two gaming options (cornhole and ring toss games)
- Also functions as a cooler for food and beverages.
Assets Overview
The key tangible assets are the stock of our products which has a value of around USD 75,000.The promoter values the patent held by the company in millions of dollars, and the business has the potential to be a 50 million-dollar company with the right marketing and sales techniques.
Facilities Overview
We do not have permanent facilities, since they are not necessary at this point.Our products for sale, parts, and accessories are kept in a rented storage facility and we work remotely.
Capitalization Overview
We started with investor funding, but use personal funds when needed.We have no outstanding debts or loans at this time.
There are 2 partners in the business with an equity split of 51% and 49%.
Recent Activity
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Earlier than 15 daysOwner, Automation Machinery Manufacturer, Green Bay, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Travel, Kolkata, Individual Investor / Buyer connected with the Business
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