All prices in USD

Private listing #203733

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$1,250,000
  • Avg. revenue /month
    $1,930
  • Avg. sessions /month832
  • Avg. profit /month
    $1,825
  • Inventory value
    $636,000
This business was founded: about 6 years ago
Time to run this business: approximately 240 hours per week

Description

General description

*Please note the Avg. Revenue /month of $1,832 USD is only from Shopify. Total 2017 monthly revenue from all eCommerce channels is $107,156 with a gross income of $57,121.

A family business established in 1979, this company is a manufacturer of fine quality rugs. With many decades of experience understanding color and developing textures, the company has established itself as a leading name by continuously creating beautiful new rugs as well as holding on to timeless classic designs.

Since 2004, we started switching to an E-commerce business model by offering our full inventory to online sellers like Overstock, Amazon and others. And within a few years over 95% of our sales was through online sales.

The company is now a data driven E-commerce company with over 1500 items with granular data for each item. This data includes optimum price, discount, inventory levels and seasonal forecasts that maximize revenue across all of our sales channels. This will also enable us to optimize inventory levels and turnover and avoid build up of slow selling items.

Another benefit of our many years of experience is our expertise in product development and relationship with the top manufacturers in the industry. This insures that we maintain the best selection of high-quality products and continuously develop new items according to the latest market trends. Our data-driven sales forecasts are shared with our suppliers in order to maintain optimum inventory levels of the best selling items in each season.

Many of our items have been selling online for years and have received customer reviews and high page rankings with all major search engines. While this insures a steady revenue stream, we are regularly adding new products to insure a steady growth.

This a highly scale-able business because the main ingredients to growth are: 1. Maintaining inventory levels of top selling 20% of SKUs will insure steady growth 2. Adding new items that are fast selling is easy because of our market-tested product development experience. 3. Growth will reduce overhead, because larger warehouses are cheaper

Why should someone buy this store?

With a gross income of $676k on an investment (inventory) of $636k, the return on investment is over 100%.

How can the future owner improve the business?

Proper capitalization and insuring that the top selling items are always in stock, as well as continuously adding new items will guaranty immediate growth.

What work have you put into the store?

Over 1500 SKUs in a 7,000 sq ft warehouse are placed on all major websites with rich content and photography. Top selling items have been selling for ten years with top reviews on many websites. Our top selling orders have received thousands of sales and reviews over the years and are still selling strong.

Traffic and Performance

  • Avg. revenue /month
    $1,930
    Verified
  • Avg. sessions /month832Verified
  • Avg. profit /month
    $1,825
  • Inventory value
    $636,000
  • Profit Margin53%
  • Avg. sales /month456
Other details about profit: In 2017 the company made a gross profit of $676k over an investment (inventory) of $636k.
Last 4 years revenue
  • $110,006
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 4 years traffic
  • 47,444Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $49
      /month
    • Inventory warehouse
      $6,416
      /month
    • Employees
      $12,000
      /month
    • Domain
      $100
      /year

    Sale Includes

    • Physical inventory

    • Logo and branding assets

    • Personal support after sale

      Not Included
    • Domain

    • Product photos

    • Social media

    • Suppliers

    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    Focusing on our to selling items, making sure the top 20% sellers are in stock all the time. Adding items similar to the best sellers.

    Skills to have

    General business management skills are the basic requirements to run this business.

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