Amazon for Customer Returns and Overstock. When retailers have inventory they need to move, GoOpenBox is able to price those items to sell quickly. They professionally inspect every item and get their customers the best deals! Built on a model of acquiring products that have been overstocked, returned, or received minor cosmetic damage to the packaging, GoOpenBox acquires that merchandise and offers it for sale through its e-commerce site at a significant savings compared to the original retail price.
Financials and traffic
Profit is healthy on each item sold. On average we pay 1/4 to 1/7 of retail for the items purchased.
Average overall profit margin
Average number of sales/month
Value of inventory
Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.
Expenses were kept at a minimum. Company was run as a proof of concept and as a 2nd source of income.
(ie. Mailchimp, apps)
(ie. Adwords, Facebook ads, etc.)
Inventory is boxed and inspected. Will easily fit in a 14 foot truck. Various store returns and products.
2015 sales $56,108.59,
2016 sales $56,937.81
2017 Owner focused on another business sales dropped $18,233. Store has been dormant for most of 2018.
Visitors 2017 45,563 Sessions 47,947
Visitors 2016 73,118 Sessions 72,222
How can the future owner improve the business?
With a properly funded company and a strong advertising push the business can easily double and triple. Key pain points for current owner - warehousing, inventory management. Key profit points for current owner- profit margins on each sale are healthy. Inventory options are unlimited. Owner has direct accounts with most major retailers to purchase customer returns.
What work have you put into the store?
I completed all the design, seo, public relations, inventory systems. Website was a one owner show with support from his wife.
How many hours does it take to run this business per week?