Asking Price: Accepting OffersSold

Launched in 2018, this trademarked Portable Device Charger brand (protected by a patent) quickly impressed the retail world by being featured in thousands of stores and becoming an in-demand item for big players in the space such as Walmart, Home Depot, the NFL and NHL, and others. The surge in success unfortunately contributed to cash-flow issues as the company grew too quickly for its bootstrapped founder to keep up with and has been experiencing inventory issues ever since.

The founder and sole operator has reached his ceiling and doesn’t currently have the financial means to stay in stock and fund all the purchase orders that retailers are currently requesting. For potential buyers, this represents a rare opportunity to acquire a business that is ready to explode under any new owner who can solve the cash-flow issues.

Once unburdened from the lack of capital and inventory, there is a list of retailers wanting to stock this product. The owner truly believes 5,000+ retail doors can be added in the next six months from the relationships he already has. In fact, the seller has indicated a strong desire to stay with the company in some capacity due to the potential.

To specify the currently missed opportunities further: (1) there are store expansion opportunities with Walmart and Home Depot, (2) there are onboard orders ready for Menards, Wawa, and CVS, (3) the NFL and NHL and F1 teams want to stock the product once there is inventory again, and (4) there is uncaptured demand from existing Amazon and Shopify direct-to-consumer channels, but inventory just can’t be allocated to these channels yet since there isn’t the money to do so.

The owner sees an easy path through existing demand/relationships to make this company a $5M–$10M per year business at 20%+ margins in the next couple of years—and this is with just two SKUs. With the right partner, capital infusion, and expansion past the existing low-hanging fruit, this company can grow even further and become an impressive eight-figure-per-year company.

The seller wholeheartedly believes in this company and will do anything to make sure it stays alive and succeeds to its full potential. Buyers should know that the current owner’s first desire is to remain with the company because the immediate growth opportunity is so compelling. The owner is open to a line of credit, royalty deal, minority investor, majority investor, or full buyout, so long as he is able to help the business grow. This can be a once-in-a-lifetime opportunity as the valuation for the company will never be lower than it is right now.

Buyers should expect to have at the very minimum $500K in cash in order to make an impact here. The larger the pockets, the faster the company can grow. The only limitation is capital.

To be clear, we are seeking an all-cash buyer who can close quickly. Consideration will not be given to anyone looking to purchase through a loan (like an SBA loan or seller financing) or who has less than $500K in liquid capital as the company needs cash and needs it soon.