Listing Number: 9953-819605
Description
Manufacturer of patented elliptical vehicles with over $50 Million in sales over the past 5 years.
The SoCal-based company has 18 worldwide patents to protect this amazing technology. The company currently offers 3 different models to cover the high, middle, and low end of the market, and all models can be quickly docked into a custom trainer stand to become a stationary elliptical. Best of all, they have recently developed an electric version of their elliptical vehicles.
The entire bike and fitness industry experienced a post-pandemic drop in sales, which creates a tremendous opportunity for a savvy buyer to acquire the patents, customer base, inventory and other valuable assets of this established company for an extremely low price.
The inventors of this technology, who are currently leading the company, envision the buyer fulfilling their plan of gaining a huge share of the outdoor elliptical market. The company’s current Direct-to-Consumer (DTC) model can be quickly complemented with a multi-channel approach to grow sales exponentially.
Listing Details
- Price: $ 2,450,000
- Down Payment: $2,450,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 0
- Location: Orange County, California
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Reason for Selling: Explore other opportunities
- Category: Fitness
