The target here is a well-established, growing eCommerce company securely positioned in the ever-expanding sport fishing sector. Founded in 2007, the business is an authorized retailer of a wide selection of well-known fishing products, including rods, reels, baits, apparel, eyewear and related accessories. The Company sells direct to consumer with most sales occurring via eBay and has posted 30% YOY sales growth for the last two years plus.
This business is a prime candidate for a qualified buyer to purchase with just 10% down via SBA-backed financing.
Many of the brands that this Internet Company sells have high global consumer awareness. Top brands include Seaguar, Rapala, Terminator, Shimano, Diawa, Sunline and Lucky Craft. The company currently does not invest in advertising, does not promote its website and does not sell on Amazon. Despite this, YOY sales have increased at 30% for the last two years while YTD earnings are up over 60%, offering a buyer an immediate opportunity to participate in continued growth.
With approximately 1,600 SKUs, a Top Rated Seller status on eBay and over 36,000 positive eBay ratings in the last twelve months alone, this is a great opportunity for a savvy marketer or an outdoor enthusiast to take the company to the next level. After ten years of running the company, the owners are ready to move on and are excited to assist with a smooth transition.
