For Sale:
Top Online Seller Specializing in Watchmaker Tools, Parts and Accessories
Asking Price: $600,000
Description
What began as a hobby collecting vintage watches, gradually grew into one of the top online sellers specializing in watchmaker tools, watch parts, polishing products and accessories. The company partners with some of the top brands in the watch industry having become their official distributors for watchmaker tools and watch parts including vintage and rare watch parts.
This business offers high quality products with exceptional customer service to clients all over the world selling about 75% through Amazon FBA, 10% through their website and the remainder through other channels. Products are shipped directly from suppliers to a management facility where the product is re-labelled and shipped to Amazon for FBA.
The company also offers a marketplace where watch dealers can access watch offers, parts and accessories for an annual membership fee which provides a source of recurring revenues.
The business has experienced YoY growth. It has continued to grow in 2022 with revenues up 56% and profits up 49% in 2022 over 2021. The brand’s YouTube channel has been approved for monetization with hundreds of existing videos, it can grow ad revenue and bring recurring revenues. This brand is recognizable, well established and poised for further growth making this an excellent opportunity for a new owner!
Key Benefits
- YoY Growth
- Carries Hard to Find and High Margin Products – Watch Parts
- Distributor to Top Name Brands
- Excellent Supplier Relationships
- Trademarked Brand
- High Seller and Product Ratings
- Growing Market
- Recurring Revenue Stream
- Sizable Traffic and Social Media Following
- Plenty of Room for Future Growth
Financial Overview
| Gross Revenue | $993,608 |
|---|---|
| Cash Flow | $159,194 |
| Year Established | 2019 |
| Employees | 0 |
| Inventory | Not Included in Asking Price |
Other Information
| Category | Ecommerce |
|---|---|
| Industry | Specialty Merchandise |
| Location | USA, Wyoming |
| Home Based Business | No |
| Seller Finanacing Available | No |
| Income Sources | Products/Services |
Growth
Building on its established foundation and current growth trends, this company is positioned for a new owner to take the business to its next level.
Some strategies for future growth include:
- Add all existing products on Walmart and newly to eBay
- Add new products to Amazon and all other sales channels
- Improve inventory management and handling out of stock items