An anonymous business specializes in producing high-quality, UV-protected fishing shirts made from 100% polyester, with sizes available up to 6XL, distinguishing themselves from competitors who lack this extensive size range and vibrant color offerings. While the business primarily generates revenue through online sales and at fishing and boating shows or tournaments, its current operational demands are low, requiring only about 6-8 hours of work per week. Repeat customers, who are passionate about fishing and outdoor activities, have been the backbone of the company for over four years.
Initially founded by a team, the company experienced consecutive years of six-figure revenue but has seen substantial declines since the pandemic, partly due to reduced marketing efforts. Despite the high quality of its products and a loyal customer base, the marketing strategy requires enhancement to regain its former financial success. Seasonality affects sales, with revenue typically decreasing in winter and increasing in summer, aligning with its focus on fishing gear. To mitigate the seasonal downturns, the business recognizes potential growth by expanding into the hunting industry, which could boost sales during colder months. Overall, the opportunity for expansion into new markets and revitalizing the marketing approach presents significant potential for future growth.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More