Listing Number: 76931-682788
Business Asking Price = $375,000, which includes all molds and current inventory. PLUS there is an additional $50,000 licensing fee so a buyer can scale the business infinitely. An ongoing royalty % or amount per unit will be negotiated as part of the sale. Business can be operated from anywhere in the country!
Kitangle, launched in 2016, is a successful and growing business that specializes in the production of high-quality and innovative cat litter boxes. The company's products are designed to provide a practical and aesthetically pleasing solution for cat owners, offering both corner and top-entry models to suit different preferences.
In the early stages, the seller invested in molds manufactured in Mexico to produce the initial line of products. As demand and confidence in the product increased, the company made significant improvements by investing in better molds. An injection mold was introduced for their popular corner kitty model, along with a larger slope style model known as the XL, for which a new cast iron aluminum mold was created.
The start-up costs for Kitangle totaled $64,375.50, which included the initial molds. The second generation of molds required a substantial investment of $130,775 for the injection mold and $19,398 for the cast aluminum slope style XL mold, resulting in a total investment of $150,173. To protect their intellectual property, the company has spent $22,945 on trademarks and patents.
Kitangle initially established an online presence with a WordPress website. Later, they purchased a website through GoDaddy, which currently hosts their online platform. The company started selling their products through Kitangle.com and an Etsy store, initially relying on minimal advertising. As the brand gained recognition, they expanded their sales channels to include popular platforms such as Amazon, Chewy, Wayfair, Hauspanther, Zenbycat, and Catsplay. Kitangle has allocated a budget for advertising with Etsy and Google, which has contributed to their organic sales growth.
Over the years, Kitangle has experienced consistent sales growth of 17% annually. As the inventor and majority owner of Kitangle, the founder recognizes the tremendous potential for further growth and scalability. Although the company receives numerous opportunities to expand the business, their limited availability restricts the time and effort they can dedicate to pursuing these opportunities.
Kitangle has established itself as a trusted and sought-after brand in the cat litter box market. With continued focus and investment, there is ample room for further expansion and success.
- Price: $ 375,000
- Down Payment: $375,000
- Sellers Discretionary Earnings: $ 72,768
- Total Sales: $ 173,390
- Location: Adams County, Colorado
- Inventory: $ 25,000
- FF&E: $ 200,000
- Year Established: 2016
- Reason for Selling: Other Opportunities
- Category: Animals/Pets