Listing ID: 66572
Forging a new path in fashion accessories, this business offers premium jewelry by marrying industry expertise, a respect for design and quality and a relentless quest for innovation.
Products are sold on the Shopify platform and the business is fully automated and can be almost entirely managed from Slack. The systems they have developed can be used across any vertical to drive sales!
Key Benefits Include:
• The business model
• Profit margins
• The business is fully automated and can almost entirely be managed from Slack
• 941+ Trustpilot reviews with 4.9 Rating
• A strong relationship with the supplier who purchases the stock and manages the whole fulfillment for the company
• 63,000+ Email subscribers
• Hiring/Onboarding fully automated
• Their own developed platform
• The business’ revenue is 80% organic (direct in GA) from its fool-proof free traffic which leaves a huge room to invest in Advertisement, Influencers, SEO, etc.
With over £400K+ in revenue, 941+ Trustpilot reviews, and 9,000+ happy customers, the business has a strong foundation and systems in place to easily reach £1-2M in revenue annually!
Gross Revenue $554,760 USD
Cash Flow $151,857 USD
Gross Revenue 410,629 GBP
Cash Flow 112,403 GBP
*Converted from GBP to USD at the exchange rate of 1.3510 on 2/1/2022. USD equivalent at time of sale will vary based on exchange rates.
- Asking Price: $525,000
- Cash Flow: $151,857
- Gross Revenue: $554,760
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Pursue Other Interests
Its competitive advantages include: • Business Model itself • Proprietary marketing/sales strategies with IP • Ability to backorder items which many competitors do not
Building on its established foundation and tremendous performance, the business is perfectly positioned for a new owner to take the site to the next level of growth. Some ideas for future growth include: • Google Ads • Facebook Ads • Influencers • SEO • Develop more products to add to current product selection
This Business Is Home Based
The venture was founded in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. Nonetheless, the true reason vs the one they tell you may be 2 totally different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is extremely essential that you not rely completely on a seller's word, however rather, make use of the seller's response together with your overall due diligence. This will paint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Often times, companies have repeat clients, which create the core of their daily profits. Certain elements such as new competition growing up around the area, roadway building and construction, and personnel turnover can affect repeat clients as well as adversely impact future earnings. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the higher the opportunity to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local median home income impact future income potential?