Golf Putter Patented Product Ideal Strategic or Distribution Play!
- Listing Id: 5434
- Broker Name: Rick Carlson
- Category: Entertainment and Recreation
- Asking Price: $6,000,000.00
- EBITDA: N/A
- Real Estate: N/A
- Cash Flow: $10,000.00
- Inventory: $140,000.00
- No. Of Full-Time Employees: 3
- No. Of Part-Time Employees: N/A
- Gross Income: $25,000.00
- FF&E: N/A
- Year Built: 2013
- Address: Click Here
- Zip Code: Click Here
- City: Los Angeles
- State: CA
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Please dial extension 538 if you decide to call us at (800) 985-4939 so you can be routed properly. Thanks!This golf company is a fully branded and leisure lifestyle business that manufactures and distributes its own patented golf putter product that is fully conforming with the rules of golf for both the USGA and R&A. The golf industry is a $60 billion dollar industry worldwide, with putters alone a $182MM annual business in the United States. The Sellers own all intellectual property, have patented the product, and now have reached a botteneck in terms of monetizing this IP and going after market share. Sellers secured nominal sales on their own with $0.00 outbound marketing dollar spend They are willing to sell outright for $6MM or ideally secure a strategic partner for 20% at $1.2MM investment to fully implement their business plan. Target exit dynamic is to be acquired by Titleist, Nike, Odyssey, Ping, Callaway, or Taylor Made Year(s) 4 or 5 for the big pay day.NDA is required for overview and patent documentation on file with Broker.
Financial Summary
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