Listing ID: 72477
This trading card game e-business was started by an enthusiast who took his passion for collecting and trading game cards to the next level and started an online business. The business is focused on a few of the more popular gaming cards in the industry with substantial sales growth potential in all areas.
The business has a fully functioning e-commerce website with very positive ratings and has achieved significant online sales milestones across several platforms. It is well known within the collector and tournament gaming community with excellent ratings. There is strong growth potential, even on a part time basis, and can be run by one person from anywhere.
Owner spends 10-12 hours weekly running the business but with more time, the business can grow substantially. The seller will help training, including running the online store, buying/managing inventory, considering the use of other distribution/sales channels and drop shippers, as well as share strategies for future growth. Seller cannot devote the time needed to maintain the business due to other interests and has decided to sell.
• Asking Price $ 69,900 + inventory
• Annual Cash Flow $ 36,000
• Gross Revenue $ 60,000
• Inventory @ Cost $ $10,000
• Home Office Based
• Owner run – No Employees
• Down Payment – Negotiable
• Established 2019
• Reason for selling: Other Interests, lack of time.
- Asking Price: $69,900
- Cash Flow: $36,000
- Gross Revenue: $60,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will provide training and support.
Seller is seeking other interest.
There is plenty of room for potential growth and expansion.
The company was established in 2019, making the business 3 years old.
The deal doesn't include inventory valued at $10,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine factor and the one they tell you might be 2 entirely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is really crucial that you not depend completely on a vendor's word, but rather, make use of the vendor's answer along with your overall due diligence. This will paint a more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new customers? Often times, companies have repeat customers, which form the core of their daily revenues. Specific factors such as new competition sprouting up around the location, road building and construction, as well as personnel turnover can impact repeat consumers as well as negatively impact future earnings. One important thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the regional average home earnings impact future earnings potential?