The business in question is a direct-to-consumer and wholesale socks store operating on multiple platforms. The sale includes established stores, social media accounts, inventory valued at approximately $65k at retail, $35k at wholesale, and $18k at cost, along with supplier relationships and brand assets. The business has heavily invested in inventory for its third year without needing to withdraw funds, allowing for reinvestment. The focus for 2022 is to expand the B2C customer base and capitalise on custom designs for dropshipping, minimising on-hand inventory. Strong relationships exist with wholesale and corporate clients, and the business enjoys significant exposure on a major online wholesale platform, which enhances growth prospects.
The sale includes stores on popular platforms and relationships with suppliers, with minimal marketing expenditure, relying instead on organic growth through social media and search engines. An employee manages packing tasks for a nominal fee, and operating from home can potentially increase monthly earnings by reducing overhead. The customer base acquisition is primarily through wholesale platforms, with a significant portion of business from wholesale clients.
Financially, sales doubled in 2022 compared to the previous year, with year-to-date sales at $54,559 and projected annual sales exceeding $120k, indicating strong growth potential. The decision to sell is due to personal commitments, including a growing family and another business venture, necessitating more time to allow this business to thrive. The opportunity is ideal for someone looking to acquire and grow an e-commerce business with an established foundation and significant inventory.
14 year ecommerce professional with 2 exits and currently owning 2 ecommerce businesses
Verification Complete
Email address
Phone number
Government ID
8 transactions totalling USD $80,270
Payment Methods
Escrow.com
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