Business Description
For sale is an eight-year-old battery company that manufactures advanced lithium-ion batteries and other power technologies for Airsoft rifles and Flight products (i.e., drone operators). They manufacture 100% of their products in the U.S. and will be launching a line of cordless drill batteries in Q1 2024.
They have operations in two locations (one in the western part of the U.S. and one in Europe), and their products are distributed worldwide via their warehouses and distributor relationships. Overall, their business is 85-90% B2B and 10-15% B2C (sold through Amazon).
There has been explosive revenue growth, with a slight dip in net income in 2019 due to moving production to the USA, specifically their production inefficiency and costs associated with adding a production team, manufacturing stations, etc. The business has 12 W2 staff, and the owner would like to pursue other entrepreneurial ventures but is open to staying on as an equity partner or consultant.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Revenue | $344,428 | $667,586 | $1,518,252 | $2,083,050 | $2,730,894 | $5,451,549 |
| SDE | $52,322 | $23,909 | $263,039 | $307,321 | $990,899 | $2,726,107 |