Launched in 2015, this business is owned and operated by two friends who have full-time careers and operate the business on the side.
Despite the part-time focus, revenues have grown 117% in the trailing 12 months and are comprised of 92% Amazon, 5% Wholesale and the balance Shopify, etc.
The product line is geared toward the 25-34 year old market who enjoy festivals, music and being outdoors, yet people of all ages place orders.
There is a trademark in place, and 3 design patents pending. Revenues are well-balanced between a total of 13 primary SKUs (with many variations), with the top 5 variations representing only 17% of total revenues. Four new SKUs were launched in the trailing 12 months, and there is a long list of growth opportunities for this business.
Inventory has been historically ordered in 6-month quantities to reduce freight costs and enable full containers to be shipped. Due to the overall volume of inventory compared to the list price of the business, a short seller note may be accepted on inventory for qualified buyers. All inventory is good, sellable inventory.
Sale Pending: No
First Seen: Sat, Feb 9th 2019
Last Updated: Tue, Jul 9th 2019