Issue link: http://deals.uberflip.com/i/1535917
Leading Online Distributor/Retailer of Outdoor Furniture and Home Goods #66448 BUSINESS HIGHLIGHTS Opera ng out of the Southeast and shipping products to customers across the United States, this Company is an online distributor and retailer selling outdoor furniture and home goods. The Company offers more than 300 products in a wide variety of colors and pa erns (more than 1,000 SKU's total). The product collec on is carefully selected to meet high outdoor living standards for comfort, luxury, quality and durability. The Company sells direct to consumer through its ecommerce site, as well as selling wholesale to select retailers and to hospitality companies through a separate division in the Company. The Company's retail seller customers include large well known brands in the wholesale and retail space. Barry DeWi Managing Director E. bdewi @genera onal.com M. 727-415-1487 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to the accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera- onal Equity of this document. At all mes Genera onal Equity and/or its affiliate network members are agents for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. INVESTMENT APPEAL Strong Historical Sales Growth: Historical sales have grown from $12,250,000 in 2020 to $19,480,000 in 2022, represen ng a compound annual growth rate of 35.6%. Sales have grown consistently year over year in the historical period as the Company has added more, and larger retailers to its customer base. Strong Management Team: The Company's management team has a tremendous amount of experience in ecommerce retail. The management team has developed excep onal marke ng processes, leveraging its database of more than 50,000 customer emails and more than 120,000 customer names and addresses to generate repeat business and get customers to leave posi ve feedback and online reviews. The Company has more 5-star online reviews than any of its compe tors in the area. Management Will Remain through Transi on: The officer is willing to remain through the transi on period, and would entertain remaining with new management for a longer period of me on a consultancy basis. Addi onally, all key employees will be available to remain with new ownership beyond the sale of the Company. Genera onal Equity 360 Central Avenue St. Petersburg, FL 33701 SIGN NDA ► EBITDA MARGINS 2021: 11.3% 2022: 15.5% 2023(P): 14.7% ACTIVE ACCOUNTS 2021: 10,000 Rate of Repeat Business: 90% EXPERIENCED TEAM Owner: 1FT Shipping: 10FT/10PT Back Office: 1FT REVENUE SOURCES FINANCIAL GROWTH $23M REVENUE (PROJ) $3.4M EBITDA (PROJ)