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Pitching Machine Company
Builds state-of-the-art pitching machines for baseball, softball, and cricket, serving MLB...
Financials
Asking Price$5M - $6M
Revenue$3.4M
Earnings$650K
Financial History
Headline
Pitching Machine Company builds state-of-the-art pitching machines for baseball, softball, and cricket.Clients
They are B2B and B2C. Customers include nearly every MLB team, dozens of NCAA D1 programs, and hundreds of high schools. They also sell to commercial batting cages and individuals.Revenue Type
Revenue is generated on an order basis for new machines.Reason for Selling
The owner wants to start conversations around an exit.Looking For
The owner is open to selling for around 5x EBITDA. He is looking to sell for $6M which includes the property the business is located on. The property is valued at $1.2M. The owner is also open to selling a majority share and keeping partial ownership and continuing to do the R&D for the company while someone else runs business operations.Other
Earnings reflects SDE, adding back in owner compensation, travel expenses, and meal expenses. Projected 2024 financials are based on annualized year-to-date performance as of September 30, 2024.Facts
Tags
ManufacturerB2BB2CExploringIndustry
Consumer Goods RetailConsumer ServicesEntertainment & RecreationMachinery ManufacturingManufacturingRetail