Motorized electric surfboards for racing or cruising designed to enhance the watersports experience

We are a team of manufacturers of motorized water sport products. Currently, our focus is on surfboards and paddle boards, with the intention to expand into electric-powered products, including inflatable and rotomolded fishing kayaks, efoils, inflatable paddle board propulsion units, and more. ✅ Similar company sold for up to $100 Million. ✅ Potential to make make over $31 Million revenue in 5 years. ✅ $1 Million+ TTM revenue (we can show over 500k proof as you can see in the bank statement, the 500k balance is not accessed as it was with the 2nd share holder through a different entity, which he did not give access to, the shares of the share holder are now fully owned). ✅ Up to 40% growth (now we are looking for funds or getting acquired), can increase to 200% and beyond. The growth is currently on hold, as we are changing operations from distributors to E-commerce first. ✅ Factory with necessary equipment. ✅ Own patents, trademark, and presence in China (high advantage over competition). ✅ TV Media coverage: M6 and France 3. ✅ With funds, 3 to 4 years will surpass Fliteboard Australia (acquired for up to $100 Million) ✅ Looking to lower price to gain entry to Walmart, Costco, Aldi, and West Marine. ✅ Advisor in Australia is an industry leader in Jet Board market. And an advisor in Germany is a leading industry professional. PS: The money made was always used to further produce products and sell again. With funds you can increase products and potentially make millions in profit.

Asking Price

$2M

Multiples

Asking Price Reasoning

✅ Holds a unique position, including very experienced in the business. ✅ A similar company sold for up to $100 million. ✅ Market is growing rapidly, with more demand each year. ✅ The price is already very lowered, to give very high value to buyers and remove the need to negotiate the price further. ✅ Make this the perfect deal for buyers, as similar deals are not available at all.

$1M last 12 months gross revenue

$0 last 12 months net profit

$164.9k last month gross revenue

$60k last month net profit

101-250 Customers

$1M ARR

+40% Annual Growth Rate

Date Founded

January 2016

Team Size

Small (2-20)

Business Model

Sales of motorized watersport products with pricing that varies depending on the specific product.

Tech Stack

1. Autoclave baking oven for carbon fiber parts 2. Molds for all parts 3. CNC and metal lathes. 4. Small assembly tools 5. Paint and lacquer station. Spoke recently with MIT about a new propulsion device that would be another huge advantage for the products. Discussing licensing now.

Growth Opportunities

Increase digital marketing

The growth rate can increase quickly to 200% and beyond. Demand is there, it only needs to be fulfilled.

Competitors

Jetsurf
Radinn
Fliteboard

Key Assets

Website
Brand
Social media accounts
Domain
Other
Codebase and IP
Current distributors: France, Portugal, Germany, UK, Kuwait, Russia, Thailand, Singapore, Australia, United States, China. Some countries have 2 or more distributors. South Africa, Brazil, Bulgaria, Poland, Spain all have purchased samples and will most likely join as partners soon.

Selling Reasoning

Partner or family needs
Other

Successfully grown the company to what it is today. Looking now, to being in a position to hold stock for immediate dispatch and increase sales and production quantities. As well as to meet the demand, and grow rapidly.

Financing

Bootstrapped

Recently made a deal to get the 50% of the company from the 2nd share holder. Currently own 100% of the company.

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Motorized electric surfboards for racing or cruising designed to enhance the watersports experience

Seller details

Startup details

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