For sale is a premier online vacuum cleaner retailer focused on high-end residential vacuums, supplies, and parts. They are the highest rated business in their industry with hundreds of thousands of happy customers over the years. They have been in business for 7 years and still growing.
This business is primed to scale up. All the pieces are in place, revenue is growing and it is profitable. With the right mix of new products, along with some SEO, this site can go to 8 figures with little change to the infrastructure
Highlights & Key Assets:
o Highest rated vacuum cleaner site on the internet.
o Loyal customer base and growing sales.
o Entire system that runs the business (Turn-key system of blended software to make managing the business very easy.)
o Trained and knowledgeable staff.
o Multiple sales channels: Website, Ebay, Amazon, BM store. (Revenue is 56.8% from website and Ebay, 33.6% Amazon, 8-9% Retail Storefront).
o New website development for a Magento 2.0 site is 90% done. This new site is vastly updated, better operating, and more mobile friendly.
o Social Profiles & Youtube Channel that can be leveraged.
o Storefront retail location (in California) that owners have been at for many years. This retail location allows for contracts required with some suppliers to sell their products online.
o Fantastic warehouse operations that can scale if new owner desires, or turned into 3PL for other brands.
o Pending trademark on the business logo that should be done soon.
o Email list of 23,000 customers (large list of past high ticket customers)
o Average ticket price on the site of over $100.
o Refund rate less than 1%.
There is some simple growth potential in this business that the seller has not implemented yet. (SEE PROSPECTUS for detailed growth plans)
Full support and training will be provided. This is negotiable depending on your needs.
The main owner will be available for at least 1 month of full time, and 2 months of part time to help with the transition. They will do what is needed to make this successful for a new owner. The staff is very good and can help with all the transitions.
Co-owner can stay on to the run the store and stay in her role as a parts specialist. She is willing to sign a contract and work for a new owner if they are interested.
Reason For Selling:
Main owner is selling as he owns other businesses in other industries, and is also looking at making investments in restaurants, and wants to focus on those.
Sale Pending: No
First Seen: Thu, Jul 12th 2018
Last Updated: Wed, Oct 10th 2018