20 Years Established Web - Based Paddling School & Outfitter
www.GlobalBX.com
Listing ID:
700320341
Listing Title:
20 Years Established Web - Based Paddling School & Outfitter
Quick Link:
http://www.globalbx.com/listing.asp?bId=320341
Industry:
Entertainment and Leisure
Industry Segment:
Other Entertainment and Leisure
Country:
United States
State / Province:
Maryland
Area
City:
Asking Price Range:
$250K - $500K
Gross Revenues:
$395,000
Cash Flow:
$125,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1999
Number of Employees:
20 - 34
Business Description:
**20-Year Established Web-Based Outfitter Serving The Nation's Capital**
Trade in your dress shoes for river sandals and still earn six figures by owning this award-winning, vertically integrated kayak / rafting / stand up paddleboard instruction, guiding, and retail business. This beloved business has built unparalleled brand strength through a 20-year commitment to high quality customer service, fostering community, and promoting conservation. As of June, 2018 the business is enjoying a healthy 9% YTD increase in sales.
The business' unique service and community-building model delivers exceptional value to its customers, high profit margins, and six figure earning potential. Up to 90% gross profit margins flow from a wide variety of beginner paddling lessons and trips booked and scheduled online. As they progress through these series of pre-paid events, beginner students and guests need an increasing amount of apparel and accessories to participate, which the business' attractive brick and online retail stores sell at up to 60% gross profit margins.
Lessons and trips are offered frequently, which makes scheduling flexible. Weeknight ''Practice Clinics'' bring together DC-area professionals, creating a friendly social environment, and always conclude with customers congregating at a pizzeria next door to the business' retail store. Through lessons, practice, and this social setting, students and guests develop relationships that last a lifetime.
Once trained, and with their newfound peer-friends, students gain the confidence to purchase kayaks, stand up paddleboards, car roof racks, winter dry suits, and all other related accessories necessary to be self-sufficient, which the business' retail store sells. The business is also the only paddlesports retailer convenient to the most popular paddling destination in the Mid-Atlantic.
The business features its own proprietary software for event management that integrates with its eCommerce platform.
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