This is a rare opportunity to purchase a brand leader of quality auto and home audio equipment at a massive discount. The business is run from the Seller’s free and clear warehouse in Brooklyn, NY. Current real estate opportunities for this neighborhood are too good for the Seller to ignore and necessitate that he immediately relocate all company assets and inventory in preparation for the sale of the building. Rather than restarting somewhere else, the Seller has decided to retire and to liquidate all assets of the company ASAP. Assets include approximately $500,000 in current inventory, forklifts, vehicles, trademarks, and customer relationships. Seller will offer one week of training only for all cash buyer.
This business performs primarily as a Wholesale (B2B) but also has a growing (and more profitable) eCommerce Website Storefront (DTC). There is a tremendous opportunity for a motivated Buyer to take this proprietary line of consumer audio products to the next level.
In 2015, the one thing our strongest, highest funded buyers are telling us is that they want to buy companies that have created their own brands, and that have been established for many years. This satisfies both criteria and is ripe for scale.
The company’s flagship, well-known products have a solid reputation for delivering outstanding performance to value-conscious consumers who will not compromise on product quality. The Company has long-term, established relationships with its overseas suppliers. Of the 10-12 suppliers used, 4-5 of them manufacture the majority of the Company’s product.
Current product lines include professional powered amplified speakers, DJ speakers, Bluetooth speakers, aluminum & carpet DJ rack cases, CD cases, Coffin cases, lighting and speaker stands, power and karaoke amps, hybrid amps, microphone systems, sub woofers systems, marine speakers, car enclosures, audio cables, and more.
2014 sales of $950,000 produced a gross margin of $500,000 (53% of sales) and earnings of $410,000 (43% of sales). Sales in 2015 would produce earnings of over $500,000 at existing margins.
This is an opportunity for the right buyer to develop the Company’s online retail component and take sales (and margins) to the next level. With an established web presence, this business is 100% relocatable and can be operated from any location.
