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The company is a world-class provider of natural, scientifically proven branded products to support health and wellness. The company primarily sells specialized massagers designed to treat symptoms such as chronic pain from injury, poor circulation, illness, or overall muscle tension.
• Average annual revenue and gross profit margin of over $14.1M and 41.4%, respectively, from 2017 through 2021
• Strong revenue rebound of 25.3% from YE 2020 to YE 2021
• Robust ecommerce capabilities, achieving over $2.4M of revenue in 2021
• Agreements in place with large big-box retail chains
• The company has developed a strong relationship with a nationwide partner that accounted for approximately 72% of 2021 revenue. Management is confident this relationship will continue into the foreseeable future.
• SEO optimized website
• Continue developing the company’s ecommerce capabilities to diversify revenue, and capitalize on the existing capabilities put in place
• Continue to leverage the company’s research & development efforts to introduce new products and expand its existing catalog
• Expand the company’s current agreements with big-box retailers, and engage with other retailers to diversify sales channels
• Southeast US
• The company currently serves individual (90%) and commercial (10%) customers in the health & wellness industry, located throughout the United States.
• The company currently operates in a 12,500 sq. ft. office and warehouse space, as part of a 22,500 sq. ft. building, owned by an affiliated entity. The owners are willing to include this property in the sale or enter into a long-term lease.
• The company is equally owned by two shareholders. Both are proud of the company they have built and would like to see it continue to grow and profit in the right hands. They would like to exit to pursue other personal interests; however, they are willing to remain with the company for a period of time for a smooth transition of ownership.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.