Highly Profitable Magnetic Mounts Product for Go-Pro & More!

Virginia
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Asking Price:$1,400,000
Gross Revenue:$1,049,152
FF&E:$2,000
Cash Flow:$386,620
Inventory:$350,000
Established Year:2020
BUSINESS DESCRIPTION

HIGHLY PROFITABLE (~$400k 2022 Net Profit) TURNKEY Operation, this product makes switching mounts easy for smartphones, GoPros, and other cameras via the strongest N52 rare-earth magnetic permitted (10x stronger vs. ceramic magnets). Product is manufactured in China and fulfilled via Amazon and small warehouse space in Virginia. A full suite of accessory products just launched, with established manufacturing and a fulfillment manager to oversee distribution. Buyer would only need to focus on marketing. Recent ad expansion into Europe and Australia is expected to bring strong revenue. Additional markets are untapped and primed for growth. This is a phenomenal opportunity to put serious money in your pocket due to high sales and low costs! For addition information, please contact Jonathan Ring at 202-681-6777 or jring@fcbb.com


DETAILED INFORMATION
Location
Virginia
Inventory
Included in asking price
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a home-based / E-commerce business. Seller is active with 5PT employees and 1 independent contractor. Hours of operation are 24/7 (internet-based). $350,000 in inventory and $2,000 in FF&E included in the asking price. Other Assets include Patent; Mold/Tooling; Industrial Racks.
Support & Training
4 weeks
Reason for Selling
Warehouse space needed for expansion of separate business unit.
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Jonathan
Ring
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Jonathan Ring