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Global Wetsuit & Surf Brand – 100% Growth YOY | FTN-935

California

This niche action sports product company features a proprietary line of specialty products, including wetsuits, surfboards, and beach apparel. The company has experienced over 100% year-0ver-year revenue growth since 2018 across its wholesale, retail, and online sectors and is targeting $9 million in revenue for 2022.

This well-known brand is recognized as the go-to choice for value-driven and quality-minded consumers in the surf market. This globally recognized brand would provide a shortcut for action sports companies to add new products to their existing lineup or expand existing channels of revenue. This would be an ideal fit for a large retail outlet that would like to add an in-house product line to increase margins and revenue, or a brand in a related industry that would like to enter the $3.97 billion billion surf market. The company has affiliations with professional athletes and its products are recognized for their high-quality, good value, and on-point designs.

Growth could be rapidly accelerated with an additional infusion of working capital to expand capacity. The current location is a 9,000+ square foot leased retail/office space and a 9,000+ square foot local off-site warehouse facility in California, but the warehouse facility could be relocated anywhere in the USA without affecting operations. The owner is planning to retire, though he would be willing to stay involved for a negotiable period of time as CEO until a suitable replacement has been found.

This is an established business. This is not a new franchise or start-up opportunity.

NEXT STEPS: If you’re interested in this business, please fill out the contact form and we will email you an NDA to e-sign. Please look for an email with the subject “Morgan & Westfield – Global Wetsuit & Surf Brand – 100% Growth YOY”. You can access more information on this business after e-signing our NDA.

Asking Price

$ 10,000,000

Gross Revenue

$ 9,000,000 (Projected 2022)

Annual Cash Flow

Not Disclosed

Seller Financing

Yes, available for qualified buyers

Inventory

$ 1,000,000

Inventory Included in price

No

Location

California

Real Estate

Leased

Home Based

No

Relocatable

Yes, Relocatable within the USA

Franchise

No

Employees

21 Full-time | 0 Part-time

Year Established

2008

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If you would like more information about this business, please complete the form below and will email you a non-disclosure agreement to sign.