Chinook Mergers, Acquisitions and Business Brokerage is excited to offer an opportunity to acquire a leading Stand Up Paddle Board (SUP) brand with strong wholesale distribution network along with a newly developed and increasing online retail presence. The company is a premium manufacturer, wholesaler and on-line seller of recreational waterboards and accessories with steadily increasing revenues, profits, market share and brand awareness.
The firm has a reputation for outstanding product quality and occupies the lower priced end of the premium SUP space. To ensure quality, the firms sources directly from the top board manufacturers who have demonstrated their ability to execute to stringent quality standards when building the company’s custom designed products.
The brand began in 2010 as a response to a specific Canadian market demand for a local (Canadian Based) board brand. Since 2010, the brand has grown into one of the core market leaders on the West Coast. Through it's lifespan, the brand has offered a variety of watersports and accessories from surfboards, to body boards and wake surfs. Today stand up paddle boards and accessory’s account for over 90% of the brands annual revenue.
Even though the current owner only works part-time in the Business, the company is on track to reach more than 650k in revenue in 2018 with profits expected to exceed $165,000k. Gross margins exceed 30%.
After more than a decade building the brand across Western Canada, the current owner has decided to pursue his other interests leaving a fantastic opportunity for another entrepreneur to take over this exceptional lifestyle business by capitalizing on the company’s growth trajectory and West Coast brand recognition
All numbers in Canadian Dollars.
Seller Reference #1301758-KM
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.