Special Purpose Vehicle (SPV) formed to invest in Upper Park Disc Golf.
This is an Investment opportunity. Upper Park is a DTC Ecommerce business selling the highest quality disc golf bags.
Deal Terms
Target Raise Amount: USD$300,000
Max % of Equity on Offer: 25%
Pre Money Value: USD$900,000
Minimim Investment: USD$25,000
Forecasting Substantial Growth
The business has demonstrated strong TTM (trailing twelve month) growth, revenue is up 66% YoY and profit is up 226% YoY (discretionary costs removed for 12M ending Aug 2021 and growth rate calculated using the absolute method).
The business is now planning for and forecasting substantial growth targeting 2023 revenue of $1,035,000 (42% YoY growth), 2024 revenue of $1,600,000.00 (55% YoY growth), and 2025 revenue of $2,500,000.00 (56% YoY growth).
Trailing Twelve
Sep 2021 – Aug 2022
Revenue:
USD$760,338
Growth YoY: 66%
EBITDA:
USD$102,792
Growth YoY: 226%
2023 Forecast
Jan – Dec 2023
Revenue:
USD$1,035,000
EBITDA:
USD$134,550
2024 Forecast
Jan – Dec 2024
Revenue:
USD$1600,000
EBITDA:
USD$288,000
2025 Forecast
Jan – Dec 2025
Revenue:
USD$2,500,000
EBITDA:
USD$625,550
Flippa Exit Index
Based on Flippa’s Exit Index, the Upper Park is targeting a 2026 enterprise value of $2,500,000 (4x EBITDA). This would give investors a return on capital of 108%.
About the Business
Note:
This is a special purpose vehicle (SPV) formed to invest in Upper Park Disc Golf.
This investment opportunity is to purchase interest in a special purpose vehicle (the “Fund”), managed by Assure Fund Management II, LLC (the “Manager”).
The fund will invest substantially all of its assets in the Portfolio Company.
The organizer is Flippa, Inc., a Delaware corporation (the “Organizer”), and the Organizer receives a 10% carried interest from the Fund. There is also an annual administrative fee of 1% paid by each investor to the Organizer for organizing the fund, plus a SPV organisation and origination fee, paid to the Manager, which is pro-rated amongst the investors and is paid out of capital contributions.
This investment is available to accredited investors only and all investors will be required to complete a 506c accreditation check, carried out by the Manager, Assure Fund Management II, LLC.
To express interest and for a confidential conversation with Martin Bispels, CEO, select “Contact Seller”.
—
Key Steps:
- Review the executive summary below.
- Review the confidential ‘Intro Deck’ presentation linked above.
- Select “Enquire Now” to express interest and to enter a confidential discussion with Martin Bispels, CEO.
- Carry out the requisite accreditation, paperwork and investment on Assure.co (a dedicated link to the opportunity will be provided).
Executive Sumary:
Did you know there are over 50 MILLION games of disc golf played in the US annually?
The disc golf market is worth USD 205.7 million in 2022 and is forecast to a readjusted size of USD 538.5 million by 2028 with a CAGR of 17.4% during the review period. – Market Growth Reports
Upper Park Disc Golf is an ecommerce business capitalizing on the growing Disc Golf sport with the highest quality Disc Golf backpacks available industry-wide.
Since acquisition in 2020, the cash flow positive business has undergone substantial improvement with 66% YoY revenue growth to a trailing 12 month revenue of $760,338.
Key Operational & Marketing Highlights
- We have a US based design team and work with two manufacturers – China and Vietnam – producing best-in-class bags that are suitable for beginner and professional disc golfers.
- Our range includes three disc golf backpacks ranging in price from $164 to $239 and we operate on a gross profit margin of 80%. We also carry a bulk disc storage bag and a beginner bag.
- Our bags are designed to last but we do have a healthy repeat and returning customer rate of 21.87%.
- Top professional players choose our bags contributing to a robust influencer and partner marketing function:
- Pro player sponsorships with 40+ disc golf pros
- Tournament sponsorships and partnerships
What comes next?
The business is now planning for and forecasting substantial growth targeting 2023 revenue of $1,035,000 (42% YoY growth), 2024 revenue of $1,600,000.00 (55% YoY growth), and 2025 revenue of $2,500,000.00 (56% YoY growth).
3-year EBITDA targets are:
– 2023 $134,550
– 2024 $288,000
– 2025 $625,000
Based on Flippa’s Exit index our 2026 exit target is $2,500,000, giving investors a return on capital of 108%.
Use of funds
Targeting a minimum $150,000 and maximum $300,000, the growth capital would allow us to:
- Increase our range
The biggest disc golf bag seller has 38 bags in hundreds of colors. Customers love our bags but are asking for more variety. We would expand manufacturing in line with customer expectations. - Diversify
We have successfully tested selling discs but it’s not a core focus. We can add material revenue to our business by expanding into the most obvious product line: discs. We can enter this market without being an OEM, sourcing existing molds with unique designs to differentiate our offerings.
Similarly, disc golf apparel is a lucrative ancillary product opportunity we have tested successfully and will fast track with growth capital. - Expand distribution
We are actively pursued by retailers and can expand our channels accordingly. There are thousands of disc golf retailers in the U.S. alone. We currently sell wholesale to under 50 stores. - Market expansion
There’s an untapped and burgeoning disc golf scene in Europe. We have garnered orders from a few individual stores as well as two larger retailers. This can expand to full containers of direct-from-factory orders.
Deal Terms
- Total number of securities currently on issue: 1,000,000
- Pre-money Valuation: $900,000 USD (1.17x Revenue)
- Max percentage of securities on offer: 25% (based on raise amount of 300K on the post-money valuation of $1.2MM USD)
- Minimum Raise: $150,000 USD
- Target Raise: $300,000 USD
- Minimum investment: $25,000 USD
- Type of security on offer: Portfolio Company Securities. Defined as Common stock issued or issuable to the Fund (in the case of a corporation) or unit securities issued or issuable to the Fund (in the case of an LLC).
About this Offering
Investors will be investing into a limited liability company (“SPV”) formed solely for the purpose of holding the securities issued by the Company in this offering. Each investor will hold an interest in the SPV that corresponds to their investment in the offering, but will not be a direct stockholder in the Company.
About the CEO & Owner
Martin is spearheading Upper Park’s growth and eventual dominance in this space. He’s a rare breed. Not only is he a passionate disc golfer but he’s a prominent Ecommerce and Retail executive having held executive roles at QVC. Martin managed all product development and marketing activities across QVC’s broadcast, Ecommerce, mobile and social platforms. At the time, QVC was the 10th largest Ecommerce business by web sales and the 4th largest multi-category retailer in North America. He eventually moved into the VP, Business Development role, building QVC’s M&A strategy.
Martin is active in the disc golf community including his role as President of the Board of Directors for Universal Play Disc Golf which is a 501(c)(3) non profit organization. The organization’s mission is to promote health, well-being, and enhance communities through the provision of educational disc golf programs.
***Please select Contact Seller to express interest***
Disclaimer
This website (this “Site”) is owned and maintained by Flippa Pty Ltd. Neither Flippa Pty Ltd. nor Flippa Inc. (“Flippa”) are registered broker-dealers, and neither provides investment advice, endorsement, analysis or recommendations with respect to any securities. All securities of companies listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities.
Flippa does not make investment recommendations and no communication, through this Site or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, which may be restricted to only Accredited Investors or non-U.S. persons, may invest in offerings posted on this Site.
Neither Flippa nor any entity managed or advised by Flippa, or any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.
Flippa has reviewed but makes no assurance as to the completeness or accuracy of any such information. Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results
or returns.
The investments (regardless of the nature of such investment) offered on the Flippa platform or on any other platform directly related to or affiliated with Flippa have not and will not be registered under the U.S. Securities Act of 1933 (or with any state, or non-U.S. securities authority) and are offered pursuant
to exemptions therefrom.
Neither Shopify nor Semrush are affiliated with Flippa.
By accessing the Site and any pages thereof, you agree to be bound by Flippa’s Terms of Use and Privacy Policy.