The golf equipment and accessories business, established three years ago, has developed a strong brand presence and reputation. Specializing in two distinct golf technology products, the company targets budget-conscious recreational golfers through online and physical retail channels. The sale encompasses inventory, social media accounts, intellectual property, and a dedicated sales team aimed at expanding into golf pro shops. Managed by the owner in under 12 hours per week, the business presents viable income potential with significant growth opportunities.
The company generates all revenue from product sales, primarily to U.S.-based customers, via its website, major online retailers, and physical stores. Offline sales have seen notable growth, accounting for 23% of revenue in 2017, up from 9% in 2016. Over the past year, gross revenue was reported at approximately $286,000, with a net profit of $53,000. The manageable inventory, facilitated by two consistent suppliers, could transition to third-party fulfillment for efficiency.
Operations demand about 11 hours weekly, encompassing order fulfillment, customer service, and marketing. Six commission-based sales representatives concentrate on physical sales. Growth strategies for a new owner include hiring additional sales reps to enhance territory coverage and decrease pricing pressures. Establishing connections with high school and college golf teams could leverage the products' affordability and quality. There's also potential in broadening the product line, including introducing new golf or related equipment like a hunting rangefinder.
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