This is a rare opportunity to acquire a runaway-success ecommerce business for a low multiple. The owner, just 19, has had incredible success with his first online business but must now sell to focus on his higher education. The business is just 13 months old and has already achieved nearly $1m in revenue and $250K in net profit.
The business sells eco-friendly, hand-crafted wooden kitchen utensils and other related items to design-oriented home-owners. The designs are completely unique with an exclusive vendor relationship that also stores and fulfils orders directly.
The products are aesthetically beautiful and high quality, having been featured in BuzzFeed, Redbook and Huffington Post after a journalist bought the product and decided to feature them.
Sales are 95%+ Shopify with traffic driven largely by PPC on Facebook and Instagram. Products are made, stored, and shipped directly by the exclusive vendor, with the business maintaining a nearly 30% net profit margin.
On the operations side, the owner spends his time on PPC only, managing campaigns each week whilst VAs carry out customer service and operational tasks.
There are many actionable and easy paths to growth including bringing many of the current SKUs to market (several have not been launched yet), expanding into Amazon FBA, pursuing marketing on homeware places like Pinterest, and influencer marketing.
Sale Pending: No
First Seen: Tue, Nov 26th 2019
Last Updated: Tue, Jan 14th 2020