For Sale:
Dropship Ohio University and Local Area Merchandise Ecommerce Business
Asking Price: $60,000
Description
Athens, Ohio is home to Ohio University which is one of America’s oldest universities. The university hosts 39,000+ students across a 1,800 acre campus and has nearly 200,000 living alumni. While Ohio University is the largest employer in the city, the local economy also greatly depends on tourism and events related to the University through local businesses.
The owner of this business created and launched an online store with the intent to connect Ohio University alumni and Athens enthusiasts with local merchandise. Today, the website is a one stop shopping experience for customers looking for unique, authentic local made Athens products. Starting out with just 6 local business partners and having since grown to over 40 partners, the business has expanded tremendously in a short time. Sales for 2015 were up 300+% over 2014 and are still growing in 2016. Sales for Jan—Mar 2016 are up 34% over the same period in 2015.
This website takes pride in products lines which celebrate and capture Athens, Ohio and the Ohio University spirit! 90% of products are drop shipped and 10% stocked inventory, with the current inventory value for items on hand at approx. $2,500. With a small amount of physical inventory being stored/managed from a home office, the business is easily relocatable and can be operated from any location with internet access. This business is successfully operated by one owner working full time handling all day to day operations. As a dropship home based operation, this business has very low overhead and generates high net profit margins – 40%!
Growing since inception, this is a unique and remarkable prospect for a new owner to walk into a turnkey operation, enjoy the goodwill that has been built with established partners and capitalize on the recognition already in place to further expand its growth trend!
Financial Overview
| Gross Revenue |
$56,193 |
| Cash Flow |
$18,953 |
| Archive Date |
10-04-2016 |
| Status |
Archived |
| Year Established |
2014 |
| Employees |
0 |
| Inventory |
3 |
Other Information
| Category |
Ecommerce drop-ship |
| Industry |
Consumer Goods |
| Location |
USA, Ohio (Franklin) |
| Home Based Business |
Yes |
| Seller Finanacing Available |
Yes |
| Income Sources |
Products/Services |
Growth
With its current growth trend and the foundation that has been established including its business partnerships and exclusive branded products, this internet business is perfectly positioned for the next level of growth. A few strategies for future growth include adding new partners and new products to the current offering as well as offering ad space on the website and expanding the gift certificate arena online.
Competition
This online business’ competitive edge includes its exclusive partnerships. No other site has access to its partnerships and cannot replicate more than half of the branded products offered!
Interested? Let's get in touch!