The business was established to assist culinary enthusiasts, such as chefs and cooks, in maintaining their knife sharpness, thereby enhancing their cooking experience. The company is poised for growth, with plans to expand its product line. Currently, the business can generate a monthly revenue of $12,000 when inventory levels are sufficient.
Operations are streamlined, with a single manufacturer based in China, ensuring a quality relationship and consistent product output. Manufacturing takes approximately 30 days, followed by 45 days for sea shipping to the UK. Inventory is shipped directly from the manufacturer, and management of online advertising requires minimal weekly time commitment.
Significant opportunities exist for expansion within the European market through a wider distribution program, alongside the introduction of new product lines that align with the brand's ethos. As of September 2022, a market valuation tool placed the business's worth at $138,000.
Sales have primarily been driven through a major online marketplace, presenting an untapped potential for someone adept at directing external traffic and enhancing revenue streams. Financially, the business occasionally experienced revenue fluctuations due to inventory shortages and past manufacturing issues, now rectified. Currently, the company holds 1,716 units in stock, projected to yield $59,000 in revenue at recommended retail prices.
The owner is selling the business to focus on another entrepreneurial venture, emphasizing a preference for concentrating efforts on one enterprise instead of dividing attention between two.
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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.
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