An easy to run business which designs, manufactures and sells vibration fitness machines to B2B and B2C customers. This business was established in 2007 by the current owners.
The business is overseen by one (1) owner and operates with a part-time employee. The employee works approx. five (5) hours per week and the owner works approx. one (1) hour per week.
The Business holds approximately $50,000 in inventory (at cost). The Sellers will sell all the inventory at a 30% discount (of the cost) which is to be paid for in addition to the asking price.
The business stores its products on-site in its Greater Vancouver warehouse where it uses approx. 400 sq. ft. of space as well as uses a 3rd party USA Warehouse for product distribution in the USA. If necessary, the owners have agreed to store and pick and pack the inventory for the Buyer for an extended period of time to ensure a smooth transition.
This business can easily be moved to the Buyer’s home or a storage facility.
The owners are selling because this is a secondary business they no longer have time for as their primary business has become their main focus.
2019 Sales - $504k - EBITDA - approx. $188k
2020 Sales - $359k - EBITDA - approx. $145k
2021 Sales - $332k - EBITDA - approx. $136k
2022 Sales - $172k - EBITDA - approx. $33k
2023 - Up To Date Sales April 1, 2022 - Feb. 28, 2023 - approx. $78,000
The new Buyer can easily reinstate marketing to revive this business.
