TTM Revenue: $572k
TTM Profit: $143k
Gross Profit Margin: 25%-40%
Recurring Revenue: 70%
Brand History : 40 Years
Projected end of year revenue for 2024: ~$740k
Projected end of year profit for 2024: ~$290k
This business is a well-established goods manufacturer with government contracts and a strong market presence in Sri Lanka. Established over 40 years ago, it has built a formidable reputation for innovation, quality, and reliability. The business benefits from long-term government contracts, accounting for 70% of its revenue, with the remainder coming from non-governmental organizations and private companies. The operation is highly efficient, supported by a skilled workforce of 25 employees, and can be run remotely with minimal owner involvement.
- Established in 1983, with over 40 years of operational history.
- Strong market position in Sri Lanka, particularly in the government sector.
- Efficient operations with a dedicated workforce.
- Potential for remote management.
The business operates with a streamlined structure, supported by a skilled workforce and comprehensive facilities. The business operates with a highly streamlined and efficient structure that minimizes the need for extensive owner involvement, making it an ideal acquisition for a buyer seeking a relatively hands-off investment. The core operations are managed by a team of 25 full-time employees who are well-trained and highly experienced in their respective roles, ensuring the smooth functioning of daily business activities. The workforce is split across various departments, including manufacturing, administration, logistics, and sales, with each team functioning autonomously under the guidance of long-standing team leaders. The business's operational backbone is supported by a well-maintained factory and office facilities, both of which are secured under long-term leases.
The company’s strengths lie in its established market position, innovative product offerings, and a debt-free operational structure. Its strong brand reputation and loyal customer base further solidify its standing in the industry. The business's long-term government contracts provide consistent revenue streams, ensuring financial stability and predictability. Additionally, the company’s ability to adapt to market changes, such as its pivot during the COVID-19 pandemic, highlights its resilience and forward-thinking approach.
○ Strong Brand Recognition: Over the past 40 years, the company has developed a highly recognizable and respected brand, particularly within the government sector, which is synonymous with quality and reliability in the market.
○ Market Leadership: The business has solidified its position as a market leader in the Sri Lankan sports goods industry, capturing a significant share of the market and being the preferred supplier for many government institutions.
○ Innovative Product Offerings: As the first company in Sri Lanka to incorporate fiberglass into sports goods, the business has consistently set industry standards, continuously updating and modernizing its products to maintain its competitive advantage.
○ Debt-Free Operations: The company operates entirely debt-free, providing it with significant financial flexibility to reinvest in growth and innovation without the constraints of loan repayments or financial liabilities.
The Business Owner is
○ Seller Financing Available
○ Open to flexible terms
○ Post-Sale Involvement
○ Transition Support
