So after months of being retired, I grew to be incredibly bored. I could only golf SO MUCH before I began to lose my mind. It drove me crazy hearing all of these old guys talk about their back problems and their wives all day.
So what did I do? I went business hunting. I took my previous mergers and acquisitions experience and went on the prowl for a great value.
and I sure did find one. The business? A local manufacturer of high-end dog crates. Yes, that’s right, high-end dog crates.
This may sound incredibly odd, but they have an incredible business model with strong demand and good margins. Believe it or not, there is a huge market for high-end dog crates. Think about all of the celebrities that pamper their dogs. What do you think those dogs sleep in? A $50 crate? Hell no. They sleep in a luxury, high-end dog crate. Only the finest that money can buy.
That’s where my business comes in. I take special, custom orders from our clients and create the dog crate of their dreams. On average, it costs me about $150 to make each dog crate. This includes labor, materials, and overhead.
What do I sell the dog crates for?
$1,200 or more. Talk about one hell of a profit margin.
It’s awesome, my dog crates have even gotten great reviews. I am consistently rated as one of the best manufacturers of dog crates for large dogs. The press that we haven gotten has been out of control. Once we had a press release go viral and we sold 500 dog crates in the matter of a day. Needless to say I bought a yacht that night.
I really had no idea that there was such a lucrative market in the dog crate business. I may expand beyond dog crates into other dog products, but for now, I’m happy with my incredibly high margins.