$1.2M EBITDA DTC Recreational Scuba Equipment Brand

The seller is based out of Australia but primarily sells into USA & Europe markets. Acquisition will be done via a US entity with the operator based out of US. They have build a very strong business selling scuba equipment with over a 1M followers across Insta + TikTok. Sellers looking to completely exit. Deal is under LOI, fully vetted. Product has strong sourcing tie-ups with patents on the unique design that enables to compete effectively. AOV is above $200. Looking to close in the next 60 days. Asset purchase agreement - purchase price is $4M with $3M cash + $1M Seller Note.