Launched in 2015 on Amazon, this business now has 10% of its trailing 12 month’s revenues from Shopify and 5% from wholesale orders. Both are up a combined 200%, outpacing Amazon sales growth by 34%. Overall sales are up 166% over the previous year, yet the business is listed at a low 2.3x multiple.
Every seller has their own motivations, and this one has launched a cargo bike line that has taken off and requires his full attention and funding. With no training or business degree, the owner of this business found success in a product line that can be sold on Amazon, Shopify, Wholesale and beyond.
A branded line of amber jewelry for children and adults is just the start of this business. There are plenty of products to expand to with 106 additional SKUs already identified. And plenty to do expanding sales beyond where they currently are. Zero Facebook advertising has been done, and no outside advertising driving traffic to Amazon has been done. To top it off, the Amazon Seller account is aged and has a daily withdrawal option, whereas new Amazon account payout every two weeks. If making money “going in” is what you look for and you have eCommerce experience, this listing could be a perfect fit.
Sale Pending: Yes
First Seen: Thu, Jun 15th 2017
Last Updated: Fri, Aug 25th 2017