This highly profitable online business sells a range of household electronics, appliances, and homewares. Selling via own website, eBay, and Amazon the business has seen significant growth (56% year-on-year) and is currently achieving monthly sales in excess of $500,000 (March to August 2020).
ASKING PRICE: reduced to $700,000 plus SAV (approx $200,000)
P&L figures per Financial Statements:
- FY20 Sales $3,884,218
- FY20 Net Profit $439,772
- FY19 Sales $2,611,793
- FY19 Net Profit $378,063
- Founded in 2013
- Stock is sourced regularly from 7 local suppliers
- Business is 5 days per week, Monday to Friday
- Stock is delivered to warehouse daily from suppliers, dispatched daily to customers (via Australia Post)
- Current owner responsible for inventory and warehouse management, supplier relations, inventory ordering
- Owner assisted by two staff members (1 x Customer Support/ Database Management, 1 x Driver/Packer Warehouse hand). Two hands on owner operators working together could run business themselves, thereby incurring no external wage costs
- Currently operates from a small warehouse located in Melbourne. Can be relocated to anywhere in Australia, or remain in existing location on excellent lease terms
- Single source for all home appliance and homeware needs.
- Wide variety of products offering products from the biggest names available in the market.
- Specialising in major brands, the business stocks high end products at low prices
- Extensive range of products are sourced direct from local Australian suppliers.
- Provides customers with prompt and dependable customer service, fast delivery and postage, and very competitive prices.
- Business is easy to run and requires minimal external resources
- Strong supplier relationships in place with five local suppliers
- Can be operated from anywhere in Australia
- Perfect business for a couple or partnership
- Has seen huge growth in recent months (sales up 95% for March to June 2020 compared to same period 12 months prior)
REASON FOR SALE
Current owner is retiring. Vendor motivated to sell, all reasonable offers considered.
Contact Cameron Ryan on 0411 145 114 for a confidential discussion about this business. Please quote reference BR1336.