Sell your business
Sale pending

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

12 March 2020

    Annual revenues

    $1,019,814

    Annual profit

    $305,014

    Multiplier

    x 2.41

    Asking price

    $735,000

    Business description

    Last Updated on March 12th, 2020

    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%. Sales are split equally between Amazon and it’s own site, with almost 10% of revenue coming from well-known retailers.

    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.

    This listing is managed by Walker Deibel.

    Leave your e-mail to be the first to know new businesses for sale

    You can unsubscribe with 1 single click, at any time

    Do you want to know the value of your business?

    Please fill out the form below, and we will select the best broker to value your business.

    Your data was sent for valuation!