is a global brand operating through a number of professional firms and constituent entities located throughout the world to provide M&A Advisory and other client related professional services. The Member Firms are constituted and regulated in accordance with relevant local regulatory and legal requirements. For more details on the nature of our affiliation, please visit us on our website https://mergerscorp.com/disclaimer. MergersCorp M&A International is not a registered broker-dealer under the U.S. securities laws.
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The franchising program is offered by MergersUK Limited a UK Company with registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom
Operating from its headquarters in the Midwest, this company is a leading designer, manufacturer, and importer of cornhole boards, bags, and accessories. Its products are sold directly to consumers and through specific marketplaces such as Amazon. Additionally, the company licenses its name, image, and likeness to other manufacturers.
Since 2003, the company’s mission has been to promote and grow the sport of cornhole. It serves as the official governing body, standardizing the game and its rules, providing high-quality products for consumers, and forming strategic partnerships with other sports organizations, such as the Special Olympics USA.
In recent years, the company has made significant investments in marketing, resulting in its brand being recognized as the industry leader. In 2021, the company shifted its strategic focus from customized boards and bags to longer-run ready-made products. As a result, the turnaround time for online orders decreased from 35 days in 2021 for certain custom products to just 1 day in 2022 for its standard offerings.
For the fiscal year ending in December 2022, the company generated $7.4 million in revenue, a significant increase from $1.5 million just three years prior. The company projects revenue and adjusted EBITDA of approximately $8 million and $1.25 million, respectively, for its fiscal year ending on December 31, 2023, based on a modest increase in demand. Despite its investment in the manufacturing plant, the company believes a new owner could relocate the business to virtually anywhere in the United States. Furthermore, an owner with experience in retail channels can leverage the company’s history, brand, and quality products.
Operating from its headquarters in the Midwest, this company is a leading designer, manufacturer, and importer of cornhole boards, bags, and accessories. Its products are sold directly to consumers and through specific marketplaces such as Amazon. Additionally, the company licenses its name, image, and likeness to other manufacturers.
Since 2003, the company’s mission has been to promote and grow the sport of cornhole. It serves as the official governing body, standardizing the game and its rules, providing high-quality products for consumers, and forming strategic partnerships with other sports organizations, such as the Special Olympics USA.
In recent years, the company has made significant investments in marketing, resulting in its brand being recognized as the industry leader. In 2021, the company shifted its strategic focus from customized boards and bags to longer-run ready-made products. As a result, the turnaround time for online orders decreased from 35 days in 2021 for certain custom products to just 1 day in 2022 for its standard offerings.
For the fiscal year ending in December 2022, the company generated $7.4 million in revenue, a significant increase from $1.5 million just three years prior. The company projects revenue and adjusted EBITDA of approximately $8 million and $1.25 million, respectively, for its fiscal year ending on December 31, 2023, based on a modest increase in demand. Despite its investment in the manufacturing plant, the company believes a new owner could relocate the business to virtually anywhere in the United States. Furthermore, an owner with experience in retail channels can leverage the company’s history, brand, and quality products.
Description
Operating from its headquarters in the Midwest, this company is a leading designer, manufacturer, and importer of cornhole boards, bags, and accessories. Its products are sold directly to consumers and through specific marketplaces such as Amazon. Additionally, the company licenses its name, image, and likeness to other manufacturers.
Since 2003, the company’s mission has been to promote and grow the sport of cornhole. It serves as the official governing body, standardizing the game and its rules, providing high-quality products for consumers, and forming strategic partnerships with other sports organizations, such as the Special Olympics USA.
In recent years, the company has made significant investments in marketing, resulting in its brand being recognized as the industry leader. In 2021, the company shifted its strategic focus from customized boards and bags to longer-run ready-made products. As a result, the turnaround time for online orders decreased from 35 days in 2021 for certain custom products to just 1 day in 2022 for its standard offerings.
For the fiscal year ending in December 2022, the company generated $7.4 million in revenue, a significant increase from $1.5 million just three years prior. The company projects revenue and adjusted EBITDA of approximately $8 million and $1.25 million, respectively, for its fiscal year ending on December 31, 2023, based on a modest increase in demand. Despite its investment in the manufacturing plant, the company believes a new owner could relocate the business to virtually anywhere in the United States. Furthermore, an owner with experience in retail channels can leverage the company’s history, brand, and quality products.
Basic Details
Target Price:
$8,000,000
Gross Revenue
$7,400,000
EBITDA
$1,250,000
Inventory
$2,000,000
Business ID:
L#20230552
Country
États-Unis
Détail
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