SOLD – Leading Online Book & Audiobook Rental Service
Business Type:
Miscellaneous Retail
Asking Price: 374995.00
Gross Revenue:
722920.00
Cash Flow: 175202.00
FF&E Value: 180000.00
FF&E Included in Sale: Yes
Inventory Value: 1800000.00
Inventory Included in Sale: Yes
Real Estate Value: $
Real Estate Included in Sale: No
State: Virginia
City/County: all
Year Established: 2000
Employees: 4
Listing Number: HZ330DZ
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 book and audiobook rental service. The business was founded in 2000 and has grown its selection to around 300,000 titles over the years. They are the oldest online book rental service.
The model is similar to the popular DVD's by mail movie rental model of Netflix by providing unlimited online book and/or audiobook rental service to its members. They offer different membership plans to their readers and listeners with a current active membership roster of nearly 3,000 members. Once enrolled, members can conveniently order paperbacks and/or audiobooks directly from the website at any time of day. There are no shipping fees, late charges, and renting books or audiobooks saves anywhere from 60-80% over purchasing the books.
This is a rare chance to own a well-known business that’s an industry leader with a proven track record and excellent brand recognition. The current owners have done an outstanding job setting up the business for continued long term success by catering to those who prefer paperbacks as well as audiobooks. Over nearly two decades, the owners have adeptly addressed significant disruptions with evolving technologies, changes to the book industry, and have continued to grow the business at an impressive rate. Don’t miss this chance to take over a well-run operation and contact us today!
Description of Facilities:
Online business that can be operated from anywhere. The business just needs about 3,200 square feet of space to keep their inventory and process incoming and outgoing orders.
Competition:
The business has been around for nearly 20 years and has carved out a niche in the online book/audiobook rental business. The business has carved out a niche in the publishing industry with a robust membership base and has strong brand recognition.
Growth & Expansion:
There is room for a new owner to grow the business by promoting book rentals along with audiobooks. The business gained significant exposure through PR, but a new owner might consider more traditional advertising and marketing mediums along with creating an active social media presence to spur growth.
Seller Financing Available:
Yes
Seller Financing Terms:
Seller financing is available depending on the final purchase price, terms and qualifications of the buyer.
Reason For Sale:
Seller would like to focus on another business.
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.
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Great opportunity to own an established and profitable online book and audiobook rental service. The business was founded in 2000 and has grown its selection to around 300,000 titles over the years. They are the oldest online book rental service.
