In 2021, the business achieved $383,000 in sales, marking a 157% increase from the previous year, primarily driven by Google Ads. A significant 86% of these sales occurred in the last eight months as the business scaled its operations. With an average cost of goods sold (COGS) of $20 and sales averaging over $100, the company maintains high profit margins. All products are fully branded and the business operates with no overhead or debt. It boasts a large mailing list, a strong social media following, and years of advertising data. Notably, in 2021, there was a custom jersey collaboration with professional football players. Despite lower numbers in 2022, primarily due to reduced advertising as the owner focused on other ventures, there's optimism about performance recovery with resumed advertising. The customer base mainly consists of male sports fans aged 18-34 in the United States, attracted primarily through Google Ads. The business is preparing to expand into other social media marketing channels. There is a loyalty program in place to encourage repeat business. Even with limited advertising in 2022, the company continued to generate steady revenue through repeat business and word-of-mouth, maintaining over $10,000 in sales. The company has consistently been profitable since its inception and is well-positioned for further growth. The current business strategy includes a growth plan to help potential new owners maximize the brand's full potential.
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