For Sale:
Trademarked Brand Wireless Audio Devices Ecommerce Business
Asking Price: $500,000
Description
This business offers a leading trademarked brand of superior quality wireless audio devices with sales converted through its Shopify store. This company has innovative product lines, tremendous product branding and an excellent foundation. Well-known celebrities have been seen using the products. Since its creation, the company has accumulated 51k customers, nearly 300k engaged followers on Instagram and has surpassed $4.6 million in gross sales to-date. This business is growing....For Jan-Mar 2021, sales are up 59% with profits up 206% for the same period in 2020.
The company stocks inventory and fulfills orders from leased warehouse space. The average inventory value over the last 12 months is around $150,000 to $200,000. It is operated by one owner who works approx. 20 hours per week handling marketing, monitoring sales and manages inventory as well as new products with manufacturers. There are several contractors who respectively handle fulfilling orders, customers service, bookkeeping and content creation which includes influencers who promote the products. The contractors are willing to continue on with a new owner.
Financial Overview
| Gross Revenue | $1,592,514 |
|---|---|
| Cash Flow | $152,273 |
| Archive Date | 06-30-2021 |
| Status | Archived |
| Year Established | 2017 |
| Employees | 0 |
| Inventory | Not Included in Asking Price |
Other Information
| Category | Ecommerce |
|---|---|
| Industry | Electronics |
| Location | USA, California (Los Angeles) |
| Home Based Business | No |
| Seller Finanacing Available | No |
| Income Sources | Products/Services |
Growth
Building on its solid performance, this business is positioned for a new owner to scale by selling on Amazon, going into retail, hiring a fulfillment center, and working with more influencers.
Competition
This business has the competitive advantage in this niche by priding itself on using the highest quality components to construct its products. Additionally, the business is well branded and the team understands social media marketing very well.