Project Sprint · Investment Teaser · Confidential · May 2026 · Emanay Advisors
Project Sprint — $7.5MM M&A Advisory

PROJECT
SPRINT

Active Footwear · E-Commerce · Amazon Native · Miami, FL

A Miami-based, Amazon-native footwear reseller with $60M+ in lifetime sales, three aged seller accounts, 20+ premium brand relationships, and a post-close preferential supply agreement — offered at $7.5M.

$8.98M
2025 Revenue
$1.89M
2025 Adj. EBITDA
21%
EBITDA Margin
$7.5M
Asking Price
3
Amazon Accounts
Strictly Confidential · NDA Required · Emanay Advisors · Project Sprint
Sell-Side Advisory · Project Sprint
$60M+ in lifetime gross sales across 90+ countries. Three aged Amazon seller accounts with years of performance history. 20+ premium brands sourced through authorized US distributors. QoE in progress — Evan Chandonnet, CPA.
$60M+
Lifetime Sales
90+
Countries
20+
Premium Brands
3.97x
Ask / EBITDA
The Opportunity
A PROVEN OPERATOR.
THREE AMAZON ACCOUNTS.
ONE PRICE.
The Company is a Miami-based Amazon FBA footwear business with nearly a decade of operating history, a multi-account Amazon presence across 5 countries, and a post-close supply agreement that no buyer could replicate from scratch.
01

$60M+ Lifetime Revenue — Proven at Scale

Founded in 2016, the business has generated over $60M in lifetime gross sales across 90+ countries. 2025 net revenue of $8.98M — up 15.6% YoY — with $1.89M in Adjusted EBITDA at a 21.1% margin. A stable, repeatable model built on authorized distributor access and Amazon FBA infrastructure.

02

Three Aged Amazon Accounts — Impossible to Replicate

Amazon requires a separate legal entity per seller account. The transaction includes three distinct, aged accounts operating across the USA, Canada, Mexico, UK, and Germany — carrying years of performance history, seller metrics, and brand authorizations that cannot be replicated by a new market entrant. A third dormant aged account with significant historical brand volume represents immediate activation upside for a buyer.

03

20+ Premium Brands — Authorized Access Only

Nike, New Balance, Birkenstock, HOKA, Sorel, Altra, Brooks, Timberland, and 12+ more — all sourced through authorized US distributors. The brand relationships are carried into the transaction. A buyer inherits years of distributor relationship history, authorized reseller status, and brand-gated ASIN eligibility that new market entrants cannot access.

04

Seller B2B Entity MSA — The Post-Close Supply Advantage

The seller's B2B company provides the operating business with preferred inventory access. As a condition of this transaction, the seller's B2B entity will execute a Master Supplier Agreement providing the buyer with preferential pricing, priority allocation, and supply terms not available to the open market. This is a structural competitive moat transferred at close.

The Difference
BUILDING FROM ZERO
VS. BUYING THE POSITION.
An operator trying to build this from scratch today would spend years acquiring account age, distributor relationships, brand authorizations, and seller metrics that this transaction delivers on Day 1.
Building from scratch
3–5yrs
to reach this account age and scale
  • New Amazon account — zero seller history or metrics
  • No distributor relationships — cold outreach required
  • No brand authorizations — months to earn gating access
  • No ASIN history — organic ranking from zero
  • No preferred supply advantage — open market pricing only
  • Capital at risk during build-out phase
Acquiring the Company
Day1
operational with full account infrastructure
  • Three aged Amazon accounts with full performance history
  • 20+ established distributor and supplier relationships
  • Brand authorizations across Nike, HOKA, Birkenstock, NB +
  • 800+ active ASINs with years of ranking and review data
  • Seller B2B entity MSA — preferential pricing and priority allocation
  • Immediate cash flow — no build-out period
Investment Thesis
THREE PILLARS.
ONE ACQUISITION.
The investment thesis is grounded in account infrastructure that cannot be replicated, a brand portfolio that generates immediate cash flow, and a supply advantage locked in post-close.
At 3.97x 2025 Adjusted EBITDA, the $7.5M asking price represents a significant discount to both public comparable multiples (8.81x median) and precedent transaction multiples (10.78x median). The buyer acquires one integrated, cash-flowing footwear operation — with three Amazon storefronts, 20+ brand relationships, and a post-close supply moat — at a multiple more consistent with private market distressed assets, not a business generating $1.89M in annual EBITDA.
01

Account Age & Infrastructure

Amazon's account age, seller rating, and performance history are non-transferable moats. The Company's three accounts carry nearly a decade of performance data, positive seller metrics, and brand-gated ASIN eligibility — infrastructure a new account cannot buy or accelerate.

02

Brand Authorization Network

Authorized reseller status with 20+ premium brands — Nike, New Balance, Birkenstock, HOKA, Sorel, Altra, Brooks — provides legitimate, Amazon-compliant inventory access. Brand gating and distributor minimums create natural barriers that protect margin for established players.

03

Seller B2B Entity — Master Supplier Agreement

Post-close, the buyer holds a contractual preferred supply relationship with the seller's B2B entity. Preferential pricing, priority allocation, and supply terms that open-market competitors cannot access. A structural margin advantage that grows with volume.

Immediate Upside — Sterling Account

An Aged Account Ready to Activate

Sterling Footwear is an aged Amazon seller account acquired for its performance history and brand access. Currently dormant operationally, a buyer activates it with the existing brand portfolio and distributor network — no new infrastructure required. Account age provides immediate ranking advantages over new entrants.

  • Aged seller metrics and historical brand sales
  • Activate with existing ASIN catalog on Day 1
  • No incremental cost to activate
  • Third marketplace — incremental revenue channel

Growth Levers Available

Multiple Untapped Value Drivers

The business has been operated conservatively. A buyer with capital and e-commerce expertise has six near-term levers.

  • Amazon PPC scale-up — currently minimal ad spend
  • New brand additions: Under Armour, Columbia, Merrell
  • IPI optimization — free capacity unlock at 450+ IPI
  • Shopify DTC buildout — $24K 2024 rev, fully underdeveloped
  • UK/Germany marketplace penetration via the international account
  • Preferred supply MSA — margin expansion as volume scales
What You're Buying
THREE ACCOUNTS.
ONE BUSINESS.
Amazon mandates one legal entity per seller account. Three accounts means three entities — but one integrated footwear operation with three storefronts and years of combined performance history.
Brand Portfolio — 20+ Authorized Brands
Nike
Jordan
New Balance
HOKA
Birkenstock
Sorel
Altra
Brooks
Timberland
Merrell
Adidas
Vionic
Dansko
Saucony
Kangol
Columbia
Under Armour
Hey Dude
Chaco
+ More
Financial Snapshot
$8.98M REVENUE.
$1.89M EBITDA.
3.97x ASK.
Consolidated across the two active operating entities. QoE in progress by Evan Chandonnet, CPA. All figures unaudited and preliminary.
Line Item
FY 2024
FY 2025
YoY
Total Net Revenue
$7,770,467
$8,984,019
+15.6%
Cost of Goods Sold
$5,363,207
$6,685,365
+24.6%
Gross Profit
$2,407,260
$2,298,655
—
Gross Margin %
31.0%
25.6%
—
Total Operating Expenses
$680,748
$367,424
-46%
Net Operating Income
$1,726,512
$1,931,231
+11.9%
Adjusted EBITDA
$1,573,965
$1,892,365
+20.2%
Adj. EBITDA Margin
20.3%
21.1%
+80bps
$4.19M
2025 Working Capital
Current ratio 5.9x. Nearly debt-free: D/E of 0.20x. Conservatively financed, strong liquidity.
+$386K
2026 Confirmed Add-Backs
$110K US Customs tariff refund + $276K Amazon lost merchandise claim — both contractually recoverable.
3.97x
Ask / 2025 EBITDA
Public comps trade at 8.81x. Precedent transactions at 10.78x median. Asking price at private market floor.
Transaction Process
CLEAN PROCESS.
90–120 DAY CLOSE.
Emanay Advisors is managing all aspects of the sell-side process. All buyer inquiries, NDA execution, and CIM requests must go through Emanay exclusively.
01

NDA Execution

Execute NDA with Emanay Advisors. All parties must be approved in writing before any CIM, financial data, or management contact is granted.

02

CIM & Management Meeting

Receive full CIM with financial model, QoE package, brand portfolio, and entity structure. Management meeting arranged by Emanay.

03

IOI & Diligence

Submit non-binding indication of interest. Receive data room access including Amazon reports, purchase orders, legal docs, and accounting package.

04

LOI & Close

Negotiate definitive agreement. Amazon account transfers executed. Working capital peg finalized. Target close 90–120 days from first CIM.

Ready to Engage?

REQUEST THE
FULL CIM.

The full Confidential Information Memorandum includes verified financials, QoE scope, brand and channel analysis, entity structure, valuation analysis, and full transaction terms. Available to qualified buyers upon NDA execution.

Confidential · NDA Required · Project Sprint · Emanay Advisors · May 2026
Project Sprint · Emanay Advisors · 2026