Description:
The offering is an innovative, do-it-yourself (DIY) dock and outdoor living company, specializing in products for waterfront properties. The majority of the company's revenue is generated through online sales and big-box hardware stores.
Key Aspects:
• Introducing a new patent-pending product line that management expects to disrupt the industry
• Current product offering has penetrated and gained market share in an established industry with strong brand loyalty
• According to management the Company has created a niche product priced favorably compared to similar offerings by industry leaders
• Positioned to expand current product line into new and broader offerings within the same industry
Opportunities:
• Increase inventory levels to support scalability as demand for products increases
• Increase the size of the dealer & installer network
• Continue to expand product and diversify existing product line
• Develop product lines that offset seasonality due to focus on summer-season products
• Expansion into other outdoor recreation related markets
Market Currently Served:
• The Company serves the outdoor living & recreation, marine, and watersports industries in all 50 states and Canada
Real Estate:
• The Company operates from a 31,000 sq. ft. facility leased from an affiliated entity
• The facility is located on 17 acres with 1,200 feet of roadside frontage and a 10 acre lake
• The property is available for sale or a long-term lease can be negotiated with the owner
• There is room to expand at the current location
Ownership:
• The Company is fully owned by two shareholders (81%/19%)
• Both owners are open to a variety of deal structures and are willing to remain with the Company for a period of time to ensure a smooth transition
Contact Matt Kekelis at 615.924.8950 or [email protected] and include the client code BN000049541.
