Exciting Opportunity: Established Travel Gear Brand Go Far for Sale

6pc Packing Cubes

Proposal for the Sale of Go Far Travel Gear Brand and Inventory

Go Far Travel Gear has established itself as a premier provider of travel accessories designed to enhance and simplify the travel experience. Our product line, including packing cubes, toiletry bags, pocket travel bags, and travel apparel, has been well-received in the market, offering both quality and innovation. Due to strategic realignment, we are proposing the sale of the Go Far brand along with its entire inventory.

The objective of this proposal is to transfer ownership of the Go Far brand and its related inventory to a capable buyer who can continue to grow the brand and serve our loyal customers. This includes all assets related to the brand, such as product designs, trademark rights, customer lists, and supplier contacts.

Details of Offer
Brand Assets:
Trademarks and intellectual property related to Go Far Travel Gear.
Website domain and e-commerce platform, GoFarTravelGear.com.
Social media profiles and content.
Inventory:
Current stock of all product lines retail valued at approximately $93,341.22 (to be audited for final valuation).
Detailed inventory list below.
Operational Assets:
Supplier and manufacturing contacts.
Customer database.
Existing distributor and retailer relationships.
Financials
Asking Price: $100,000
This price reflects the brand valuation, current inventory at cost, and a premium for the established market presence and growth potential.
Revenue and Profitability:
From January 2020 to July, 2024 sales total is $306,234.13
Gross profit margin: 40%
Detailed financials and forecasts will be provided to serious inquiries.
Strategic Fit
This opportunity is ideal for companies already in the travel accessories market or those looking to expand into this sector. The Go Far brand is well-positioned for growth, particularly with investments in marketing and product development.
Next Steps
Expression of Interest:
Interested parties are invited to express their interest by October 31st, 2024, which should include a preliminary offer and a statement of intent.
Due Diligence:
Qualified buyers will be given access to detailed financials, inventory audits, and other necessary documents post-initial screening.
Final Offer and Sale Agreement:
Final offers must be submitted by November 30th, 2024.
The sale will be expected to close within 30 days of offer acceptance, subject to due diligence findings and contract negotiations.