Pending Sale
Established Amazon FBA Premium Pet Supplies Business
Asking Price: $2,250,000
Description
SBA Pre-Approved
This offering is pre-approved for partial financing/loan from a 3rd party lender.
Business Overview
This business is a well-established, quality online pet store selling thousands of premium pet supplies and products, including USA EPA approved pet meds. Products are sold predominantly through their Amazon Storefront with some sales also through their website, eBay and Walmart.
With excellent supplier relationships, they are continually adding new products at low prices. The company has successfully added and continues to work with large distributors to add new products that they will have exclusive rights to sell on Amazon and in the USA. They have also started discussions to work with a company that has access to an existing network of Vets to begin a subscription-based Rx fulfillment program. This will take a little more legwork and development from the new owner to integrate business platforms but as a result will generate a new revenue stream and give the business the opportunity to upsell its existing products to a new client base.
The owners work about 20-25 hours per week combined operating the business. One partner works approx. 1-2 hours per week overseeing accounting duties and general direction of the company while the warehouse is owned by the other business partner who manages 100% of the day-to-day operations including managing the 3 FT contracted staff.
The managing partner and the contracted staff are willing to work with a new owner over an extended period after the sale to help train and transition operations to the buyer’s new facility. Depending on the buyer, there may be an opportunity for new ownership to maintain the current warehouse location and some support staff if day-to-day management duties can be replaced.
Current marketing strategies rely solely on marketplaces, with no cost for ads. This is a huge opportunity for a new owner with social media marketing skills to increase sales.
The company has demonstrated YoY growth. The business has several meaningful unexplored opportunities to further scale to deliver new revenues, including a recent branded product in the Veterinary space, new marketing avenues and procurement of new products to add to its existing line up.
Key Benefits
- YoY Growth
- Excellent Amazon Ratings
- Selected as 1 of 2 Online Retailers for Several Major Brands
- Great Supplier Relationships Allowing Low Price Product Sourcing
- Strong Social Media Presence
- New Product Initiatives Underway
Financial Overview
| Gross Revenue | 4,548,602 |
|---|---|
| Cash Flow | 621,568 |
| Year Established | 2009 |
| Employees | 0 |
| Inventory | Not Included in Asking Price |
Other Information
| Category | Amazon |
|---|---|
| Industry | Pet Products and Services |
| Location | USA, California (Select County) |
| Home Based Business | No |
| Seller Finanacing Available | Yes |
| Income Sources | Products/Services |
Growth
Building on its established foundation and current growth trends, strategies for future growth include:
- Social media and email bursts
- Add more brands through distributors and brand owners
- Create own brand utilizing co-packers
- Add other product categories
Competition
Although there are other competitors in the space, this business has the competitive edge with their high, positive feedback, excellent service metrics and their great network of suppliers!