Back to Listings Unique & Well-Known Cleaning Product Company w/ Astonishing Growth Opportunity

Asking Price : $735,000

Annual Gross Revenue : $1,019,810

Annual Net Profit : $305,014

Profit Multiple : x2.41

Inventory Value: N/A

R-Index : 149

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From the Broker

This automotive cleaning products company is built around an innovative product that has attained major international media coverage (Shark Tank, Wall Street Journal, Car & Driver, etc.) and clear product-market fit with a raving fan base.

The business operates direct-to-consumer through its own website and Amazon, with each showing equally strong performance and 5% of first-time customers returning within 12 months to purchase the bio-friendly consumables also in the product mix.

This business is currently operating at a fraction of what it has already done in the past. Sales exceeded $3.9 million during their fiscal year 2018 when a national retailer defaulted on a large receivable, spiraling the company into survival mode. Significant work has been done over the last year to reposition the business for growth to its prior levels.

The year-over-year trends may be down, but the fundamentals are strong, and many growth opportunities exist to capitalize on the existing market awareness and demand for this strong brand.

A newly designed unit will simplify the supply chain, reduce cost of goods sold by 40%, and provide an opportunity to increase prices as much as 20%.

This business is completely virtual, operated with a 3rd party warehouse and Amazon FBA and can be run from anywhere in the world with an internet connection in just 30 hours a week.

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Sale Pending: Yes

First Seen: Thu, Mar 12th 2020

Last Updated: Tue, Apr 7th 2020

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