The business in discussion primarily focuses on selling aesthetically pleasing and functional smartwatches for women, operating via an online Shopify platform. It has shown significant revenue growth, generating over $250,000 in the past year, with a notable performance of over $60,000 in January 2020 alone. The company capitalizes on a well-established digital marketing strategy, particularly using Facebook's ad platform, with an excellent ability to target audiences through a well-developed ad pixel. Additionally, Google ads and email remarketing strategies have been utilized, alongside a seamless purchasing and order fulfillment process.
The business benefits from an exclusive fulfillment relationship with a Chinese supplier who dispatches products directly from the USA, ensuring fast delivery through the USPS. This agreement provides substantial cost advantages, offering per-unit shipping rates significantly cheaper than standard channels. Despite recent improvements, the business previously faced shipping delays attributed to the Coronavirus epidemic, leading to some customer dissatisfaction and negative feedback on Facebook. Yet, these issues are considered resolved, with ongoing efforts to rectify any negative impact.
The sale of the business is driven by the owner's need to divest from external interests due to taking on a new corporate role. The owner lacks post-sale support capacity but assures potential buyers of handling any existing customer issues. The sale represents a compelling opportunity for individuals with digital marketing expertise, especially those familiar with Shopify, looking to expand into an established brand with growth potential. Furthermore, the business has underutilized areas such as Google Ads, email marketing, and influencer collaborations, presenting additional growth possibilities for the right buyer.
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Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More