Note about this listing: The seller is in the process of divesting out of several businesses. For this opportunity, we are seeking a quick sale. Cash buyers with aggressive timeframes will be taken seriously. An ideal offer would be a full price cash offer with a 7-day close.
This 100% Amazon FBA business sells high-quality stainless steel mixing bowls. It is a single ASIN that is available in 2 colors. The reviews are very good with an average star rating of 4.5. With all the years of history, they have over 1200 reviews.
The workload is very low. Currently, they really do not work on it. They do the minimum amount of work to keep the business going. This includes 1-3 emails per month and inventory management. Even the inventory management is less than ideal. They have either run low or out of stock several times in the last year which has impacted the earnings. They do not have time to put into this store and believe it will perform better with a new owner. One owner is very focused on young children and his life work on the environment in government and non-profit spaces. The other owner has started several multi-million dollar businesses. He is in the process of divesting all of his businesses and retiring.
The path to growth and stronger earnings seems pretty simple. First, they need to order inventory on time and maintain stock levels. By staying in stock they believe they would regain a top 5 sales rank for the product. Next, they would add new colors and sizes of the product. Then they would suggest launching the same products on Amazon for Europe, Canada, and Australia. Finally, they would work with the manufacturer to launch other kitchen items and cross promote inside the packaging.
Sale Pending: No
First Seen: Mon, Sep 30th 2019
Last Updated: Sat, May 2nd 2020