|
This project is to complete a buy-side proprietary research and valuation of an $8 million revenue manufacturing business in Tailgating sports industry. We are seeking a detailed understanding of the sector and the company's operation to determine the value of the business at the going rate as well as to develop a strategic growth plan. The company currently has two manufacturing plants that make pro level Cornhole game bags and boards. The company is a supplier of quality products professional players use mostly distributed through its website. The company estimates it has sold its products to 98,000 customers in the last 4 years and has website visitors of over 900,000. The company's revenue has grown from $200,000 to $8 million in 4 years growing at 41% last two years. The company believes it can create demand and expand internationally from its US home market. While the market is small, Cornhole boards and bags are distributed in various sports goods outlets and big box retail stores including Victory Tailgate, Escalade Sports, Dick's sporting goods, Walmart, Amazon, and other sporting goods stores. |