WebsiteClosers has been engaged to represent a great opportunity in the consumer audio, music instrument and electronics accessories market, tailored specifically to the needs of musicians and artists.
This eCommerce Retailer’s products are private labeled – fully branded – and targeted towards musicians of all types, with a special focus on guitar and bass players. The company’s main sales channel is Amazon.com, with supporting sales generating at the company’s Shopify website, Walmart.com, eBay, Reverb.com, and Amazon EU. Product offerings include electronic instrument tuners & metronomes, guitar & bass straps, instrument audio cables, and capos (metal clamping devices for guitars). R&D is complete on additional product offerings that will be rolling out later this year.
With solid books and records and a seasoned business in place for just under 4 years, this company is a prime candidate for an SBA Loan. We at Website Closers do millions annually before SBA Preferred Lenders and have established relationships that help us get these deals done. An SBA loan is valuable, because a buyer can acquire this great business with as little as 10% down (for qualified buyers), amortize the loan over a full decade and pay low market interest rates. Let us know if you have questions on how this works.
The company is doing very well YOY with a great deal of scale opportunity. On Amazon, the ASINs are all 4.5 Stars and above – a very difficult achievement - which proves that this business has not only created high quality products that the music industry loves, but also that they take care of their customers at the highest levels.
With steep barriers to entry, including engineering R&D to identify products that are best suited to musicians worldwide, competitors are hard-pressed to earn the attention of this coveted buyer demographic. In the hands of new ownership, this highly lucrative and scalable brand is primed to diversify into cross-sells and related CE segments. The sky is the limit whether this is a bolt on to an established retailer in the space, or a standalone acquisition.
This eCommerce Retailer Represented by:
Technology & Website Business Brokers
Sale Pending: No
First Seen: Thu, May 17th 2018
Last Updated: Fri, Jul 27th 2018