All prices in USD
$3,000,000
  • Avg. revenue /month
    $44,040
  • Avg. sessions /month7,793
  • Avg. profit /month
    $33,622
  • Inventory value
    $375,000

Business Story

Why this business was started

The business was started in 2007 to satisfy a discerning fireclay butler and belfast sink seeker for their kitchen or laundry. Belfast sinks at that stage were very hard to source in Australia and as such were not found in kitchen or bathroom retail stores.

The purpose of the business was to bring high quality brand new fireclay kitchen sinks to Australian consumers who knew what they wanted but could not source them. It was our objective to also offer prices that were less than retail stores that did offer them by supplying directly from our warehouses.

Today fireclay has seen a resurgence on two fronts as it is again a popular look for both modern and classic kitchens, as well as new styles being developed to evolve a classic look.

The reason of selling this business

Over the last 15 years our business has evolved being directly involved with the manufacturing of fireclay sinks as well as establishing like businesses in other country territories.

We believe that it is an appropriate time as we have a very deep infrastructure established in Australia by way of warehouses, and logistics partners along with many repeat customers to sell the Australian territory business to a suitable operator whom can grow organically in a growth market the existing business. With our focus shifting to being an ongoing partner whom will supply fireclay sinks to you as the Australian territory owner.

This will see the owner able to fully reposition as a supplier to a territory partner of an established business,, supplying both product and marketing support, as opposed to operating what is now two businesses congruently.

What's involved in running this business

The business requires engagement with customers assisting them with their product selections, fulfilment and management of goods from established warehouses nationally.

Managing currently 7 staff, and associated responsibilities.

Maintaining stock levels, ordering and maintaining business accounts.

Growing business by way of existing opportunities with current client capture model for existing products and by way of new products.

Running promotions on line, identifying local trends so that local and wider opportunities can be met.

Staying abreast of local compliance requirements, so that the sites content is relevant at all times.

This business was founded: over 3 years ago
Time to run this business: approximately 40 hours per week

Traffic and Performance

  • Avg. revenue /month
    $44,040
    Verified
  • Avg. sessions /month7,793Verified
  • Avg. profit /month
    $33,622
  • Inventory value
    $375,000
  • Profit Margin50%
  • Avg. sales /month100
Other details about profit: We are seeing in the last 4 months average of 100 K turnover per month, with 40 - 45 K profit per month and growing Sister store generating 200 K - overall turnover 300 K per month profit 100 K per month
Total revenue
  • $1,849,699
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 327,336Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $1,000
      /month
    • Retail space rental
      $16,000
      /month
    • Employees
      $32,000
      /month
    • Domain
      $50
      /year
    • google
      $5,000
      /month
    • photo editing software, accounting software, stock management, customer service app
      $3,000
      /month
    • warehousing, electricity, phones, logistics, packaging
      $30,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      License Agreement
    • Personal support after sale

      We will be actively available for up to 6 months in house, with then ongoing support as a result of the territory ownership agreement that will see territory owners continuing the local dynamic of the international network.
    • Domain

    • Product photos

      License Agreement
    • Social media

      Not Included
    • Suppliers

      Excellent Supplier relationships established for over 15 years.
    • Mailing List

      22,000subscribers

    Seller‘s Advice

    How to grow this business

    The store offers the ability to grow organically as on line business continues to be the norm. Also side ways opportunities to target local builders and interior designers, building locally a loyal customer base whom will use the companies branaded products by way of specifications

    Skills to have

    The owner should have competences ranging sales, inventory management, and B2B as well as B2C . A knowledge of web business practices and social media marketing will also be essential.

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