The business in question is a health and fitness company specializing in wearable technology, specifically smartwatches under their own trademarked brand, operating mainly in the United States and Canada. The enterprise enjoys a high-profit margin with low overhead, and it sees substantial growth opportunities in largely inaccessible marketplaces like major retail chains. Notably, the company has received coverage in prominent publications and benefits from an abundance of available content and videos that accompany the store. Despite a lack of advertising, all sales in 2021 were organic, indicating a promising potential for growth with future advertising efforts.
The business primarily utilizes a fulfillment service for sales, involving product ordering and custom packaging before dispatch. Other sales channels are self-fulfilled, although there is potential to streamline these processes using the same fulfillment service. The current owner spends approximately two hours weekly managing orders and customer inquiries and focuses on switching manufacturer packaging to custom branding. Sales have shown consistent growth, occasionally hindered by supply chain management lapses due to the owner’s divided attention.
The business is ideal for someone interested in leveraging marketing strategies to boost sales. The owner is selling to focus on a new venture developed to foster organic growth for the current store. Further, the business is unique among its peers as it is trademark registered and has an online presence beyond major retail marketplaces. This strategic position offers comprehensive market coverage against major competitors.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
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