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OCEANPRO AQUATICS, INC.
FOR SALE!

$90,000 (financed) includes inventory
(or $70k paid up front).
In-House Financing without a credit check possible

My name is Michael D. Baker, President and Founder of Oceanpro Aquatics, Inc. which has been in business for well over two decades (established 1984).  I also am the President and Founder for Living Reef Imports, llc established in 2002. 

Recently I received a fairly nice government grant which forces me to sale my first love - Oceanpro Aquatics, Inc. and has to be done rather quickly to meet the short time frame I have to collect the grant.  The grant is to expand our LRI facility into the largest USA based coral farm providing not only state side corals reducing their cost considerably because we circumvent shipping costs, but because we are on coastal waters with little over head, we already have a well established mariculture farm.  This in part with our dry division responsible for manufacturing items unique to LRI is now our main focus and not selling other manufacturer products as Oceanpro does so well.

There is no conflict of interest because Oceanpro Aquatics, Inc. is in the business of dealing directly with the general public and selling all brand name products, not just one as LRI does.  One of the contingencies of this grant is that I not collect coral overseas any longer and is a big part of Oceanpros business function and earnings.  Simply put to understand, rather than abandoning Oceanpro for a grant which I'll admit is larger than the worth of the entire company, there is no clause keeping me from selling it and handing off all the companies I've purchased into over the last two decades to the new owner of Oceanpro. 

Oceanpro is highly functional, still very profitable and "is not going out of business".  We have distributors within the USA something that is very exciting with tons of applicants worth far more than our asking price.  In fact, just three would completely buy out Oceanpro so I would encourage who ever takes over Oceanpro to continue to sell distributorships. 

Current territories owned by Master Distributors which I limited to just one per state to keep all MD's from over running each other and would be the option of the new owner of Oceanpro how he/she wants to change this are Virginia, Maryland, Florida, Seattle, California and Atlanta.  I currently have a couple pending in Ontario Canada, Alberta Canada, Puerto Rico, El Paso TX, and Phoenix AZ.  But again, these are only pending at this time. 

If you have any concerns, we are open Mon-Thu 9am-5pm & Sat 10am-4pm PST (800)722-0421.

Note:  If you are out of state, you can still viably purchase and operate the company but is still best operated for convenience of our location between LAX and ONT two major international airports.  You can still operate in comfort if you are located within a 3 hour drive to an International Airport.  Florida would be another very viable location for a company like ours.  Reopening in and relocating the business in another city, county or state is no problem.

FINANCIAL PROFILE

Average Monthly Income

  • EBay :  I use to make approx $50k monthly but choose not to advertise on eBay any longer because of the conflict of interest with the pet center retailers and distributors we sell to and leave eBay now to them.
  • OceanproAquatics.com/shop : $30k plus monthly.
  • Store Walk-Ins & Telephone Orders: $20k monthly.

Income is based on the "current" amount we bring in even during this recession.  Being a very unique one of a kind company and the only one which operates the way we do, we still thrive while other companies are sadly enough going out of business.  Frankly speaking, others going out of business "is" part of our business.  We buy companies going out of business for pennies on the dollar and liquidate the product to our retailers and distributors who are thirsty for deep discounts especially now, more than ever. 

PURCHASE PRICE & TERMS OF SALE

  • PRICE:
    $90k plus interest if financed (or $70k paid up front).
     
  • GUARANTEED FINANCING:
    I'm so confident you will be profitable, I will finance 50% of the purchase price out of my pocket for five years if needed with (No Credit Check Required - I know you'll make this quickly).  The rate will be at 5% compounded annually with a balloon payment at the end of the 5 year term.  Come up with cash in full and I'll discount the purchase price $20,000 making the complete sell of the company only $70,000.
     
  • HUNDREDS OF VALUABLE DOMAIN NAMES:
    I'll also give you all the domain names which far exceed the total sale price completely free!  There are a couple hundred highly prized key domain names I own such as the actual company names of other manufacturers or popular product lines that considerably help drive traffic to us.
     
  • ECOMMERCE:
    The eCommerce center to which we paid close to $200k for is included as well as the home site.  Each master distributor own their own independently.
     
  • ONE MORE DISTRIBUTOR FOR OCEANPRO: 
    One condition of the sale is that I retain the California region to be shared with the owner if they re-open the warehouse here in California where we will be the only two in this region.  However, I will be considered the same as all the other Master Distributors under the same authority of the new owner of Oceanpro Aquatics, Inc. which sales directly to all MD's and Drop Ships at a profit of course.  I currently only charge my MD's cost plus 20% as they act like satellite offices for our corporation greatly increasing sales I could never do on my own and from remote locations I can't reach on a personal level.  This is the heart of this company!
     
  • EXCLUSIVE RIGHTS WITH LRI: 
    As the owner of LRI and especially as our farm expands this year, I will offer an exclusive contract with the new owner of Oceanpro Aquatics, Inc. that I will give all products manufactured, private labeled or farm grown by LRI the very best price over anyone in the entire industry including our long time wholesalers under map conditions so the economical balance doesn't crash the market of our product line. 
     
  • PERSONAL TRAINING: 
    I will stay on for the first 30 days / 8 hrs daily (non-consecutive) to assist and train the new owner completely free of charge for no compensation.  In addition I will be made available around my work schedule for an additional year also free of charge for phone and email consultations only.  Any physical labor or other requiring in-person assistance after the initial 30 days will be compensated at $28 per hour which is less than 1/3 what I typically charge for consultations.  I normally charge $85 hr. when called out by corporations, etc for any work remote or in-person.  This will insure even if you forget some of your training you always have my help anytime you need it and it would be extremely rare to need an in person assistant after the first 30 days unless you need an on-staff employee to which I can make myself personally available at the same rate of only $28 hr up to 30 hrs a week.  LRI doesn't take that much of my time as I have a full staff taking care of everything already so if you need someone very well versed in this organization, than yes I would be willing to discuss part time employment.
     
  • MANUFACTURER & EXPORT FARM DISCLOSURE:
    Upon escrow, I will disclose all companies, manufacturers, overseas exporters, fish farms and collectors some exclusive only to us.  I'll provide a list of companies and only after escrow will they be divulged to prevent competitors from obtaining our list or resources that has taken over two decades to collect and / or develop long lived relationships with.
     
  • NO INHERIT DEBT! 
    Whether you finance or pay up front in full, I will pay off all debt owed by the company in full. 
     
  • PROFIT RIGHT OFF THE START:  
    I will include all Master Distributors who are currently paying us for any balance due what ever that may be at the time of sale turning over their monthly due rate, hosting earnings, etc to you the new owner of Oceanpro Aquatics, Inc.

COMPANY HISTORY & INFORMATION

Established in 1984, Oceanpro Aquatics, Inc. has a longevity record with a standard for quality that speaks for itself.  Very few companies can maintain a Such a perfect rating with the Better Business Bureau for so long as we have.  The company quickly became one of our nations largest Custom Built Aquarium System Consultant Manufacturers / Installers, Live coral and fish importation direct from the islands that rival all other wholesalers, Live Rock & Live Sand international Import / Export distributors and continued to grow with the only restriction being the fact that it was owned solely by one owner who never took out any loans on the company to allow it to expand larger than it has already. 

All equipment in our current possession owned by Oceanpro Aquatics, Inc. will be included in the purchase price.  Inventory will be also given at time of sale at no extra charge.  Included with the sale, a full staff of employees is available and would like to stay on with the company, all of which are experienced and able to help keep the business running with out interruption in the transfer.  The current owner and president Michael D. Baker will also stay on staff free of charge for a full month to make certain everything continues to grow and help train the new owner how the company has run and currently does business especially if you aren't familiar with this type of industry along with a full year of phone/email consultation. 

If you are buying the company to transfer it out of state and plan on training and hiring a new staff, the offer still stands that I will personally come down to help train for the entire period of a month if needed and can be made available to handle all your LAX and Long Beach Harbor Imports which would be needed as a collection point.  The two major hubs for import are first Los Angeles, CA and second Florida. 

All product, office equipment and inventory on hand will be trucked up to where ever the company moves if you don't want to run it from here.  You could operate the whole operation right from your home in most cases and I'll show you how but to really run a professional firm of this size you should have a facility no smaller than 1500 sqf just for shipping and transport purposes alone!  Plus, local traffic always makes up for the lease in most cases. 

This is an incredible opportunity and company for anyone to own.  This offers a great financial income for anyone who especially would love to move into the industry for a fraction of the price of a normal pet shop.  Don't let this opportunity pass you by but only contact me if you are absolutely serious, have at minimum resources to the deposit and a minimum of $5k - $10k in the bank for capital.

COMPANY PROFILE

  • Private Labeling: 
    Oceanpro Brand Exclusive Product Line.
     
  • Buy Island Direct:
    We are known by many as Master Distributors which means one who imports to sell to wholesalers who are the ones who sell to retailers and then to the consumer.  We typically only do business with those who give us the very best prices and this means much of our purchasing is overseas direct.  I won't disclose a list of sources openly before escrow but I will be glad to show you a small listing of catalogs you can cross-reference the prices for yourself!  To check out prices I pay you can visit www.OceanproAquatics.com/sample and look up a few catalog listings.  Keep in mind some islands are much cheaper than others ie. the Philippians are much cheaper than Australia or the Red Sea. 
     
  • Oceanpro Primary Shopping center:
    Containing Thousands of products but doesn't touch what we actually carry.  Our in-house catalog system exceeds 14 feet in length and is actively being built for resellers buying into Oceanpro Aquatics, Inc. which will all be acquired by the new owner at the close of escrow.
     
  • Sale Distributorships:  I've sold a number of distributorships in the USA which is similar to a franchise.  I have sold several as high as $178k each to as low as $10k each depending upon regional location and value the distributor has to our company.  I choose not to over populate with to many distributors so they don't overlap each other but this would be up to the new owner to decide how they want to run this business.  Distributors bring in a very large portion of your orders because where I use to turn down about 70% of my business, my distributors act almost like satellite offices for you serving all the customer base and just fax in their orders to you for drop shipping to which you make money on also.  They also provide you with high capital gains to have buying power not normally at your fingers which you pass the deals on to them so everyone makes great money.  It's a win win opportunity for both sides.
     
  • General Resellers: We have stacks of resellers and pet centers who buy at regular discount prices (not as deep as distributors get) and this generates another monthly income from all the sales but you can also direct these resellers to your distributors if they are local to each other so you don't have to even deal with them all individually, but rather deal with just one buyer (your distributor).
     
  • Over 200 Web Site Domains Valued at over $100,000 many of which are invaluable to draw in heavy traffic to your site.  Even though it can be considered a definite liquid asset, it is also an advertising tool used to pull customers to our primary website for heavy traffic sales.  However, a couple dozen non-related domains will be retained (even at time of sale) and are not included being personal non-company related domain names.  Most of these names were purchased (that are included) are name rich keywords, company names, brand names, etc (view full domain name listing) specifically related to what Oceanpro Aquatics, Inc sales and are fantastic pointers to our main website here at www.OceanproAquatics.com/shop .  This is a very key strategy and one of the most important reasons of how we have received nearly over 20,000,000 (20 Million) Visits in the very short time we have recently opened our wholesale facility to the public.  These names alone can pay for more than what the asking price on the company is, most of which have been owned for many years now and heavily advertised all over major search engines, public boards and forums.  One of the number one ways to get listed on top of the big search engines! 

LOOKING FORWARD
(notes from Michael D. Baker, President)

  • Right up front, let me explain that after a career in law enforcement, I retired to this company and it's simply grown to large for me to continue and still call myself retired.  I've made well over five times that of when I held a law enforcement position and my family has been well taken care of.  I now have enough money put away to move to the islands and retire for good.  What I'll do I'm not certain, but I do know it's time to pass the company on.  It's definitely not one to just shut down.  To many people depend upon it's existence to keep their businesses running and is to profitable to not sale.  I'm motivated though and is why I've priced it so low.  A couple years ago I had a finance company come in and appraised the company to be valued at 2.3 million dollars.  I've personally spent more than that to build it up to what it is, but that's okay.  I understand we are in a recession and is why I'm offering to even help  finance if necessary and a large cash discount if paid in full.
     
  • Too Much to List...  Call Mr. Baker for a Phone or In Person Meeting regarding this opportunity.  Potential buyers are already enquiring as this information is being written.

I only have one requirement in selling this company and it's that the owner continue to take care of our valued distributors who depend upon buying their product from Oceanpro Aquatics, Inc.  Their would honestly be no reason not to.

Note from Mr. Baker, President "The new owner will be getting an incredible deal and I will greatly miss this lucrative strong niche of a business I built from the ground up but hope to hold close communications and will be available as a consultant for the new owner to see the business continue on successfully with the years to come".

This Information is compiled from data that we believe to be true and correct, but no liability is assumed by the company and claims to it's accuracy of such data past, present or future. 

Now take the time to see hundreds of photos of our Chino, CA facility and how we had it setup prior to escrow if you like...

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