A percussion drumstick manufacturer specializing in high-quality drumsticks, this well-established business boasts a strong market presence and a loyal customer base. Its products are sold both nationwide and internationally. The sale includes all manufacturing equipment, inventory, and intellectual property, providing excellent growth potential in this thriving industry.
- Asking Price:
- $349,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $831,545 (CAD)
- Cash Flow:
- $115,895 (CAD)
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Modern standalone warehouse office facility with plenty of dry storage located in central business park adjacent 100 series highway. New long-term lease with option to renew. Approximately 7,200 square feet total.
Please note: the land and building housing the business is being offered for sale concurrently with the business and is available to a potential buyer. The asking price for the real estate is $1,249,000.
Business Operation
- Expansion Potential:
-
Market Expansion: • Geographic: Increasing presence in emerging markets (Asia, South America) • Product Line: Diversifying into additional percussion accessories.
Strategic Partnerships: • Collaborations with well-known artists for signature series. • Partnerships with music schools and institutions.
Technological Innovation: • Investing in R&D for enhanced drumstick durability and performance.
- Competition / Market:
-
According to Global Market Stats and Figures from an article posted September 2023, the industry is anticipated to keep expanding, especially with a focus on eco-friendly products—a specialty in which the company excels. Their Drumstick products are currently distributed in over 60 countries worldwide and growing.
- Reasons for selling:
-
Owners are retiring.
- Trading hours:
-
Monday-Friday 9am-5pm
- Employees:
- 5 FT
- Years established:
- 19
Other Information
- Support & training:
-
Will train for 8 weeks @ $0 cost.
- Furniture / Fixtures value:
- $390,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $175,394 (CAD)
- Relocatable:
- This business can be relocated.
