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

Asking Price:$735,000 plus inventory

Financial overview
  • Revenue

    $1,019,814

  • Income

    $305,014

  • Multiple

    2.41x

Business description

Last Updated on

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.

This listing is managed by Walker Deibel.

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[523.251,659.255,783.991]
[523.251,659.255,783.991]