This Ecommerce store taps into the $60B market of water filtration and water dispensers, primarily fueled by trends in health, green and a growing concern around water quality - especially lead poisoning.
With no prior Ecommerce experience and only $2K in the bank, the founder quickly grew this to a 7-figure revenue business, acquiring standout customers such as NASA, Progressive Insurance, and Dartmouth College.
Since 2017, the business has remained on autopilot, with very low operating expenses, all while seeing NET profit steadily increase. Rather than keeping the business passive, the owner is ready to move on and fully invest in his other passions. He maintains a strong relationship with his supplier and hopes to find a buyer passionate enough to grow the business to unsurpassed heights.
March 2019 update: sales multiple now dipping below 2x due to continued growth.
The gross profit margin has risen from 8% to 11%, and NET profit margin from 6.5% to 9%. As far as traffic and analytics are concerned, sessions, user engagement, pageviews and organic searches are ALL up over past 6 months.
Sale Pending: No
First Seen: Fri, Aug 17th 2018
Last Updated: Wed, May 29th 2019