For sale is an Amazon business that sells replacement filters for household items. Based out of Florida this company specializes in selling appliance consumables-parts that need to be replaced on home appliances e.g. water filters. This creates a unique scenario for an e-commerce business where there is recurring purchases. The items are perishable and have a lifetime of between 1-6 months, depending on the product, thus creating a need to repurchase the item again and again. This recurring purchase need has caused the business to grow exceptionally fast. Revenue expected to be over $8m by the end of 2018 and produce profits of $2m.
The company also enjoys high barriers to entry. Several product needs to be certified by a third party company, that Amazon needs to verify before being able to sell on Amazon. Thus it is the #1 or #2 seller on Amazon in most of their categories.
This business is also one of the highest rated (5 stars) stores on Amazon with nearly 15,000 ratings with a 99% lifetime approval rate. They have a unique customer service process that generates highly satisfied customers, leading to many repeat purchases.
This company has enjoyed a steadily growing growth trajectory. The company made $2 million it its first year. From Sept. 2016 to Sept. 2017, the owner saw $4.1 million in gross sales; and from Sept. 2017 to present, there is $6.9 million in gross sales-that's a $2.8 million increase over the last year.
Perhaps the most enticing feature of this company is that entire business can be run from a computer anywhere in the world. In fact, the owner spent a month overseas and easily supervised it a few hours per week from his laptop. There is virtually zero infrastructure, low fixed costs, and no employees other than three who are contractors. Products are entirely drop-shipped from China to Amazon warehouses, where fulfillment takes place.
SBA Approval: This deal has been SBA approved for $6.5m (includes inventory of approx. $900k) Cash injection required is $975,000 (15% equity injection)
Sale Pending: Yes
First Seen: Wed, Sep 19th 2018
Last Updated: Fri, Apr 26th 2019