Listing Number: 76931-999544
Description
Seize a unique opportunity to acquire ownership of one of the world's premier bicycle lock manufacturers. With a remarkable 13-year track record, this business not only manufactures and supplies exceptional bicycle locks to the public but also maintains strong wholesale partnerships with retailers. Renowned for their superior quality, the locks offered by this company have garnered a reputation as some of the finest in the industry. Boasting utility and design patents, included in the offering, their products stand out from the competition. Leveraging a robust global brand name (trademarked) and a well-established distribution network, this business is poised for continued success.
One notable advantage lies in the flexibility of manufacturing operations, which can be easily outsourced or relocated. In fact, the business has secured a solid relationship with a reputable lock mechanism supplier based in Taiwan, capable of producing and shipping complete locks in container load quantities at competitive price points. This option grants the buyer the freedom to choose between domestic or international manufacturing.
The paramount importance of supplier logistics is recognized and well-managed by the business, with strong relationships established with key vendors. Furthermore, the company's locks have stood the test of time, as evidenced by over a decade of proven durability and positive customer feedback. Extensive data on theft attempts and wear and tear from daily use confirm the effectiveness and reliability of the locks, which boast one of the market's best "security to weight" ratios.
Beyond its product excellence, this business has a compelling financial history. 2024 expected revenue based on June 30, 2024, actual revenue is $176k, accompanied by a positive Seller Discretionary Cash Flow of $36k. While the current owner oversees daily operations, much of the management can be outsourced, providing an opportunity for new ownership to infuse fresh energy and explore avenues for expansion.
The asking price includes all fixed assets, relevant patents (discounted value $50k), a valuable customer database, a supplier database, and an inventory worth approximately $10,000. Step into the international manufacturing arena and take advantage of this turnkey opportunity to expand your business or enter the lucrative bicycle accessory industry. Whether you're an established player seeking diversification or an aspiring entrepreneur, this acquisition offers immense potential for growth and success.
Listing Details
- Price: $190,000
- Down Payment: $190,000
- Sellers Discretionary Earnings: $36,000
- Total Sales: $176,000
- Location: Hunterdon County, New Jersey
- Inventory: $10,000
- FF&E: $46,350
- Employees:
- Reason for Selling: Retirement
- Category: Manufacturing
