This business has a long history of selling glowsticks and telescopes Amazon’s marketplace and their websites. With $7.6mm in total revenues ($5.8mm Amazon / $1.8mm websites) and a 16 year history, this business is certainly well established.
However, in recent months, competition on Amazon has taken a bite out of top line revenues. In addition, the business recently began the process of winding down a line of chairs due to direct competition from Amazon in that space. The chair line represented 5% of gross revenues.
Currently the business faces a warehouse that is too large for his existing product lines and an operations staff that is great at fulfillment and logistics, but not suited for competing on a marketing battlefield against other Amazon players. With top line revenues sagging, these excess costs are damaging the business’s profitability. Because of this, the owner is transitioning his 20,000 square foot warehouse into an Amazon prep and 3PL services company which is showing traction. He is motivated to sell quickly and at a steep discount to put his energies and resources into this 3PL service.
100% of Inventory is included in our asking price
Sale Pending: No
First Seen: Thu, Apr 19th 2018
Last Updated: Fri, Jun 29th 2018