Wireless Speaker Systems

Description

The Bluetooth speaker market has grown in value by 20% over 3 years but is stable in volume.
The market is dominated by low spec. mono speakers under $100 (a segment that has declined 14% in volume) but mid-priced up to $300 is stable.

The largest growth segment in audio by volume is premium Bluetooth speakers above $300 which has tripled in 3 years to enjoy an 8% market share.

This presents a huge opportunity for the business as their products already fit this profile and the segment is set to continue to grow.

Since late 2020 they have shipped over 5,000 units and achieved turnover of just over £800k.
The strategic plan is targeting the growing premium speaker segment with products delivering a superior stereo audio experience at affordable prices with great design and positioned to be the smart home connected audio brand of choice.

For further information please get in touch with John Groves jgroves@tworlduk.com or our central buyer team buyer@tworlduk.com or call us on 0203 911 1059


..

Listing Details

• Listing Number: 57908-280671
• Location: Greater London, England
• Price: 400,000
• Down Payment: 0
• Sellers Discretionary Earnings: 0
• Category: Electronics/Computer


• Inventory: 0
• FF&E: 0
• Employees:
• Years Owned:
• Reason for Selling: Growth Capital