A 14-year old ecommerce business, specializing in fun & playful gifts. On Shopify. 250k social followers. 95k email subscribers. ** PRICED LOW FOR QUICK SALE **
An entrepreneur is selling their business, which specializes in playful gifts and home décor. The reported monthly profit of approximately £186,000 was misrepresented on a listing platform due to an accounting error, actually reflecting turnover rather than profit. The business has shown significant potential, with a turnover of £5.3 million during 2020-21, although revenue has since declined. Despite enjoying recognition and partnerships, the business faces challenges such as high fulfillment costs, increased staff expenses, and reduced efficiency of marketing efforts following a significant update by Apple. The business is currently operating at a loss, prompting a rapid sale at a reduced price.
Key assets included in the sale are a Shopify website, a professional seller account, social media pages with circa 250,000 followers, and an email list of 90,000 subscribers. Operations involve several suppliers, with fulfillment moving due to high costs. Immediate plans for profitability focus on reducing costs by downsizing the team, relocating fulfillment operations, and taking in-house control of marketing and bookkeeping. The business aims to enhance revenue through organic social media growth, better retail pricing strategies, and refining its product range.
The business sees growth potential in expanding its customer base beyond the UK, leveraging organic traffic through a strong SEO campaign, and capitalizing on increased demand for its newly introduced gift-based products. The entrepreneur considers it the right time to move on to new ventures after 14 years, as the business starts to outperform daily revenue targets due to strategic changes.
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