This Ecommerce store taps into the $60B market of water filtration and water dispensers, primarily fueled by trends in health, green and a growing concern around water quality - especially lead poisoning.
With no prior Ecommerce experience and only $2K in the bank, the founder quickly grew this to a 7-figure revenue business, acquiring standout customers such as NASA, Progressive Insurance, and Dartmouth College.
Since 2017, the business has remained on autopilot, with very low operating expenses, all while seeing NET profit steadily increase. Rather than keeping the business passive, the owner is ready to move on and fully invest in his other passions. He maintains a strong relationship with his supplier and hopes to find a buyer passionate enough to grow the business to unsurpassed heights.
The seller has decided to decrease the price by 25%, down to $150,000 (roughly a 2x multiple of SDE), due to slower months in August and September (compared to 2017) and recent unanticipated health issues. October is off to a great start and is projected to greatly exceed the performance from the year prior.
Along with the price reduction, we are also announcing an offer deadline of Thursday, December 20 2018, at 5:00pm PST.
Sale Pending: Yes
First Seen: Fri, Aug 17th 2018
Last Updated: Mon, Dec 10th 2018