Online Custom Horse Trailer Retailer with Outsourced Manufacturing
NCListing DetailsOffice ID: EQUINE5
Listing Broker: Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Listing Price: $2,150,000
Gross Revenue: $2,053,172
Cash Flow: $637,914
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:For well qualified buyers, seller will participate in a portion of financing only if a requirement of the SBA or commercial lender.
Home Based: Yes
Reason for Sale:Starting unrelated business with spouse.
Training:Seller will provide up to 80 hours of transition support at no additional cost within the first 60 days post-closing.
OperationsYear Established: 1997
Form of Ownership: S Corp
Employees (contractors): 3
Business Hours: Online Business
Business Description:Delivering its first trailer in the nineties this business has built impressive brand recognition around the highest quality custom horse trailers available. The company has an extremely effective outsourced manufacturing model (with a written vendor agreement in place) which minimizes costs, time to delivery while maximizing quality and customizability for their clients.
The company offers fifth wheel (gooseneck) as well as tag design trailers with or without living quarters that feature highly desirable proprietary features found nowhere else.
100% of the company’s sales are of products that incorporate features that are protected by patents, trademarks, and/or copyright. 25% under one or more patents and 75% under another patent.
A full featured CRM system is in place that allows all contact through the call center to be recorded. Contacts are then sent drip emails with product and industry information until a sale is made or they are removed from the sales funnel.
The company has delivered trailers around the globe to a loyal and satisfied customer base. So loyal in fact, that on only one occasion has their money back guarantee been utilized.
All of the company’s products are designed, engineered and built for maximum towing and animal safety.
The company is home based (virtual) and can be re-located quite literally anywhere in the world with an internet connection.
Historical Summary:Delivering its first trailer in the nineties this business has built impressive brand recognition around the highest quality custom horse trailers. Manufacturing was initially performed in-house then transitioned to outsourced manufacturing. There is no inventory, real-estate or furniture, fixtures and equipment included in the sale.
Owner Qualifications:New owner should have general business skills or be able to hire out accounting, sales, marketing (especially online), customer support and moderate design capabilities. Experience with horses a significant plus.
Competition:The company's proprietary designs and reputation for quality are among the companies biggest differentiators. Most competition only provides limited customization which in the high-end of the market is frustrating for buyers. Another one of this companies many strengths is its comprehensive online marketing strategy which insures consistently high organic search result placement.
Potential Growth:A new owner could build trailers on spec to reduce delivery times or potentially create a line of stock models that could be sold to dealers or direct to consumer.
LocationType of Location: Home Based
Square Footage: 100
The business is home based and currently carries no inventory. The business can be run from anywhere with an internet connection.
Last Updated: May 11, 2020 / 10:36 AM
Financial Information Current As Of: Nov 15, 2018 / 9:23 AM