20 Years Established Web - Based Paddling School & Outfitter


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



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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