SOLD! Established, Rapidly Growing & Profitable Online Retailing Business
Business Type:
Miscellaneous Retail
Asking Price: 365000.00
Gross Revenue:
2364931.00
Cash Flow: 147114.00
FF&E Value: 2000.00
FF&E Included in Sale: Yes
Inventory Value: 50000.00
Inventory Included in Sale: No
Real Estate Value: $
Real Estate Included in Sale: No
State: Virginia
City/County: Woodbridge
Year Established: 2011
Employees: 3
Listing Number: HZ256DZ
Listing Broker: Dustin Zeher
Broker Contact:
571-437-5135
Broker Email:
dustin@horizonbrokers.com
Business Summary:
Great opportunity to own an established and profitable online retailing business. Since founding the business the current owner has worked diligently to build a trustworthy and reliable operation with a great reputation. A majority of the income is generated through selling on eBay where they have earned “top rated” seller status entitling them to discounts, increased visibility of their listings, and high listing thresholds giving them significant advantages that other eBay sellers do not have. The business also has very positive feedback on eBay with over 119,000 positive reviews. They also have preferred status with PayPal enabling them to receive further discounts thus increasing their margins. The business has steadily grown from $250K in revenue in 2011 to $2.4 million in 2015 and they are expected to make the Inc. 5000 list in 2016 (list comes out in July).
While the business itself was started in 2011, the eBay account they operate under was created in 2001. This 15-year history with eBay makes them one of the longest-standing accounts and gives the business added credibility which is essential when selling products online. The business currently has over 1200 SKU's, so there is a wide variety of products in the following categories: Medical Supplies, Pain Relief, Sleep Aids, Snoring Aids, Weight Loss, Stop Smoking Aids, Pet Supplies, Candles, Flashlights and Lighting, Electronics, Air Fresheners, Spices/Sauces/Condiments, Food/Snacks/Candy/Nuts/Gum, Vitamins and Minerals, Hair ReGrowth, Eye Care, Hair Care and Soaps, Adhesives/Glue, Allergy and Congestion Relief, Creams and Lotions, Deodorants and Anti-Perspirant, Toothpaste and Dental Care, Office Supplies and Paper, Heartburn and Indigestion, Anti-Diarrheal/Laxatives/Gas, Cleaning Supplies, Coffee and Coffee Supplies, Tools, Pest Control, Umbrellas/Rain Gear, Gloves, Epsom Salts, Bags/Storage, Fiber, Ikea Items, Fish Oil Pills, Multivitamins, Joint Care Pills, Kitchen Items, Heart Health, and Auto/Car Care.
The current owner is semi absentee only working a handful of hours a week, a new owner can continue to be run the business the same way or a new hands-on owner can increase their bottom line by stepping in and operating the business themselves reducing payroll costs. If you are looking for an easy to manage business that can be operated from anywhere in the world, with recurring revenue and passive income that can easily be grown this is it!
Description of Facilities:
The business operates out of what is approx. 700 sq ft of retail space for $1025/mo. However, the business does not need to be in a retail setting, it can easily be operated out of a home or warehouse space anywhere in the world.
Competition:
The business competes with other online sellers, but have established themselves as one of the most trusted businesses on eBay by providing stellar customer service, great communication, a large variety of products, competitive prices, and fast shipping times. They have earned top rated status with eBay and PayPal which gives them highly sought after discounts and selling limits that enables them to sell more merchandise and enjoy better margins compared to a majority of their competitors.
Growth & Expansion:
There are several avenues where a new owner can expand on what the current owner has built over the last 5 years. Since the start, the business has seen tremendous growth with almost all of it from eBay and a smaller portion of revenue from their own website. A new owner could sell on other third party sites like Amazon, Ratuken, Sears.com, or a handful of the other online marketplaces. The business was approved as a seller on jet.com earlier this year, but hasn’t started selling on that site yet. They have not set up any marketing or social media campaigns, other than to their eBay customers. A new owner looking to sell other products would quickly dominate almost any category on eBay on the first day with this account as the owner has set up the business to easily scale.
Seller Financing Available:
Yes
Seller Financing Terms:
Depends on final purchase price, terms and qualifications of buyer.
Reason For Sale:
The owner is selling to focus on his other businesses.
Seller Support & Training:
Seller will provide necessary training and support.
Get More Information:
To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
Download:
Great opportunity to own an established and profitable online retailing business. Since founding the business the current owner has worked diligently to build a trustworthy and reliable operation with a great reputation.
