This long-established ecommerce niche retailer specializes in selling brand new high quality office furniture for executive offices, reception areas, conference rooms, and more. Founded in 2008, this business has processed thousands of orders since inception and is one of the older online retailers within its niche, having a proven track record that spans a dozen years. Unlike most ecommerce retailers that are tied down by the capital requirements associated with stocking inventory, this business utilizes a dropship model which allows for 100% of all orders to be drop shipped from their suppliers directly to the customers. Since its inception, the company has generated consistent cash flow and sales have grown at a CAGR of 28.74% since 2012. Their mission is very simple; it is to provide the latest designs in high quality, value-based office furniture with prompt nationwide delivery services. Operating in a very niche industry, this business has a low working capital structure and high profit margins - 28% gross margins and 20% net profit margins.
With over twelve years in business, this office furniture retailer has established a formidable presence in a niche and fragmented market while demonstrating impressive annual growth over that period. Additionally, the company's attractive dropship business model has been instrumental in allowing for a home based business, as the incoming buyer isn't required to maintain physical office space or tie up working capital to stock unnecessary inventory. They have excellent relationships with and are authorized retailers of some of the most coveted office furniture designers and manufacturers. Therefore, the company has developed a strong presence in a thriving industry, anticipated to grow at a staggering CAGR of 8.4% to $18.6 billion by 2024. With an invaluable infrastructure already in place, this business allows has established a scalable platform that combines the benefits of a tangible product with the margins and flexibility of an internet-based business. As a result, this enduring ecommerce retailer is an undervalued acquisition opportunity that has been priced attractively to sell, while offering an outstanding overall ROI and literally unlimited growth potential under a new owner who has the time and interest to pursue just some of the "low hanging fruit" growth initiatives which would easily increase the traffic, revenue and profits of this business.
Sale Pending: No
First Seen: Tue, Feb 11th 2020
Last Updated: Thu, Mar 26th 2020