Description:

The company is a premium designer of archery equipment with an emphasis on innovative product development and industry[1]leading customer service. The company sells its products through two primary channels: 1) direct-to-consumer (D2C) and 2) retail partnerships, both domestically and abroad.

Key Aspects:

Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 192.2% and 120.4%, respectively, from 2019 to 2022
Average adjusted EBITDA margins of 16.7% from 2019 to 2022
Strong reputation of top-quality products and a well-crafted brand identity
Robust intellectual property (IP), consisting of patented designs and an extensive portfolio of trademarked wordmarks and logos
Experienced employees with ability to innovate and develop creative product designs

Opportunities:

Continue with the company’s emphasis on investing in research & development and expanding into new product categories
Focus on establishing agreements with sporting, outdoors, and hunting equipment retailers
Expand currently served international markets
Implement effective sales and marketing strategies to increase brand recognition
Focus on inventory growth to meet the increasing demand for the company’s products

Headquartered:

Southeast US

Current Markets:

The company primarily serves target archers and bowhunters through a D2C sales channel on its website and business-to[1]business (B2B) sales to third-party retailers. Products are sold both in the US and internationally, with the bulk of the revenue being derived from domestic sales.

Real Estate:

The company operates from a 18,000 sq. ft. facility leased from an unrelated third party.

Shareholder Ownership:

The company is wholly owned by a single shareholder who is seeking a strategic partner that can help scale the business.

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Designer and Distributor of Archery Equipment – BN000046333

Designer and Distributor of Archery Equipment – BN000046333

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