Back to Listings Listing #40919: Technology

Asking Price : $697,359

Annual Gross Revenue : $737,842

Annual Net Profit : $226,170

Profit Multiple : x3.08

Inventory Value: -

R-Index : 122

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From the Broker

An eCommerce business in the technology niche that was created in February 2015. The online store features a variety of unique products that are electronic toys. The listing includes patented products that are very popular and growth trends in the industry appear to be upward. The seller has established an industry leading brand that has been featured by numerous media outlets.

Site Highlights

Average Monthly Revenue: $61,487

Average Monthly Expenses: $42,639

Average Monthly Net Profit: $18,848

* We are using the last 12 months to determine the averages.

Assets Inlcuded in Sale

Transfer of ownership of Domains (Hostmonster and GoDaddy) transfer ownership of Shopify Merchant account, changing paypal and amazon payment accounts to new owner, introduction to suppliers/manufacturer contacts, moving inventory, shipping supplies and any FF&E the new owner wants to their location. Buyer can also opt to take over current warehouse location lease in Fairport NY. Transfer all social media accounts, shipping accounts, shopify app access and all other item needed.

Work/Skills Required

Daily tasks, check email and orders, make sure employee gets everything shipped out and that the employee answers customer service questions, help them with any complicated issues that may arise.

Weekly tasks, work on marketing strategy, email newsletters and sales blasts in addition to looking for ways to grow the business.

Monthly, basic accounting and finance record input, inventory orders and warehouse/shipping supplies.

Total work done by Seller: 15 - 20

Total work done by Employee: 28-32 hours per week.

If one person were to do all of the work it would be 45-50 per week.

Reason for Sale

The seller has a child on the way and several other projects that need to be launched in other industries.

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Listed By

Sale Pending: No

First Seen: Mon, Apr 10th 2017

Last Updated: Thu, Apr 13th 2017

Rhodium Weekend 2015
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