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Asking Price: $175,000

Roping Dummy Manufacturer

Palmer, TX
Ellis County

Opportunity to purchase a manufacturing operation that manufactures roping dummies for the rodeo industry (brochure or “look book” available upon request). These are sold wholesale to retail distributors that primarily include farm and ranch type businesses in the state of Texas who sell to the end user. Products include three sizes of dummies and other related accessories. Current customers and organizations the products are being sold to include farm & ranch supply stores, western apparel stores, rodeo & roping supply stores, feed & supply stores, a large agriculture cooperative and other assorted retail stores. No contracts exist limiting how & where the owner may sell the products. Extreme potential & opportunity to offer the product directly to the end user via an on line presence which currently does not exist. The margins are sufficient enough for a buyer to realize significant profits. Depending on the size (mini, micro or standard), the cost to produce the product ranges from $20-$55 with a wholesale price ranging from $45-$210 and a retail on-line price ranging from $65-$300). August to February is typically the peak production time. A trademark for the product is also included in the sale.Profit margins for an owner/operator with limited labor costs who relocate the business can be proven to be between 55 & 60% of sales. Extremely low overhead operation with cost of goods at around 17% of sales, total overhead before any labor at $1,100/month plus part time labor cost of another $1,100/month. All labor tasks can be performed by the owner working 30 hours/week plus a sub-contracted part time employee working 20 hours per week at $13/hour. Both can perform all order fulfillment tasks including cutting of the PVC pipe, painting, all assembly as well as the packaging & shipping. There are established processes in place that make assembly very easy especially since most are built in batches. The current owners are husband and wife who originally bought the business to teach their 2 teenage children about entrepreneurship and hands on business management that has worked out well. The children run the majority of the day to day operations, but will be heading off to college. A decision was made to sell the business as both parents have full time corporate jobs and cannot continue with the business on their own. Seller will provide initial on-site training after the purchase, and assist with transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement.Any closer looks at the business or meetings with the owner are to be done on weekends by appointment only through the broker who has all of the necessary information. For further info contact owner’s representative Stocker Travis using reply to this ad button.

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Cash Flow $71,887
Revenue $114,338

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