In December 2021, a particular store underwent rebranding to distinguish itself from competitors. This established business experienced a revenue of $274,000 in 2020, which decreased to $120,000 in 2021 due to unfavorable weather and travel restrictions in Europe affecting sunglasses sales. The business heavily relies on seasonal sales, predominantly during the summer. It includes approximately $25,000 in inventory, retailing between $250,000 and $300,000, with an average order value of $58 and a returning customer rate of 7%. The business maintains over 8,000 email subscribers.
Operations primarily involve selling men's sunglasses online, with a significant customer base in Germany and additional sales in the Netherlands, Belgium, Denmark, and Sweden. The business ramps up advertising from January or February through August, reflecting its seasonal nature. Fulfillment is handled by a partner center in Germany, allowing more time to strategize business growth and expansion opportunities.
The customer demographic consists mainly of men aged 20 to 60 years, with the expectation of an increase in returning customers over time. The 2020 financial performance was favorable, with sales reaching EUR 250,000 and a substantial profit margin, after deducting costs, taxes, and overhead expenses. The sale includes the current inventory and all creative assets needed for future operations, besides having strong supplier relationships, mainly based in China.