Business Under Offer BS146613, Melbourne, Victoria 3000
Business Category Entertainment Tech Hardware
Under Contract / Offer
Under Offer! Long Established Profitable Online E-commence Business
Business ID: BS146613
FY2020 Sales of $3m with Adjusted Income Over $500k – Asking $790,000+stock
This business was established in the early 2000s and currently sells via eBay and its own websites. The business supplies products that are “essential small items” including cables, adapters, remote controls, batteries, travel accessories, audio products and vehicle accessories.
The business stocks around 600 to 900 items, and handles between 200 to 300 orders a day over multiple channels. It has very streamlined operations, with the owners supported by a team of experienced employee/staff.
-Owners working a total of 5 to 7 hours a day over a typical 5 days week
-Positive feedback for the eBay and online websites
-This is a full e-commerce business that competes successfully using its fast fulfilment model with Australia based stock. This is NOT a dropship business
-Revenue for FY2020 in excess of $3m per year and average monthly sales of $214,000 for FY2021
-Products are selected for multiple criteria, including minimum gross margin
-Established operation using overseas-based sourcing agents and support
-Efficient stock control allows the business to operate with a storage/warehouse space around the size of a double car garage
-Majority of tasks associated with loading websites, handling questions and processing of orders are undertaken by employees/contractors
-All outgoing orders are delivered via Australia Post
Due to changes in family circumstances for the partners, the owners have decided to exit this business. They will provide transition and training to ensure a smooth transition.
The business will benefit from an owner/manager who can step in and enjoy the day to day operating. It will also suit a partnership as that will provide additional resources to grow the business.
An existing business seeking to extend its reach online can take advantage of the established sourcing and supporting structure in China as these will take substantial time and risks to duplicate, especially with the COVID travel restriction in the foreseeable future.
Asking Price: $790,000 plus stock
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This business is somewhat unique and has no similar competition in this region, category or price bracket.