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SELLER GUIDE
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Another Ecommerce Store Business
SOLD
Sale Assisted By: Alex Cardenas Broker Onboarding Manager, Australia & NZ
Seller Location
Australia
Buyer Location
Australia
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Ecommerce Store

Currency:

Ecommerce Store | Design and Style

Verified Listing
2y/o unique designed sock brand. US and Australian customers with a profit margin of 23% and AOV of AUD$58.
Business Location
Site Age
5 years
Monthly Profit
AUD $3,607 /mo
Profit Margin
20%
Profit Multiple
3.0x
Revenue Multiple
0.6x
Sponsored
About the Business

The text outlines key metrics and operational details of an anonymous drop-shipping business founded in mid-September 2021. The business specializes in selling uniquely designed socks and is currently based in Australia. Over time, its key performance indicators show growth: the Average Order Value (AOV) has risen to $60.4 in February 2023, and the returning customer rate has surged to 14.95%. The USA now accounts for 52.7% of sales. The business is small-scale, requiring 7-10 hours of attention weekly, focusing on tasks such as order placement, Facebook ad management, and design work. The owner manages most operations and collaborates with suppliers and freelancers. The current focus is on launching new sock designs and improving digital marketing, with a budget of AUD $6-12k set aside for strategies including Google ads, brand photography, and influencer collaborations. Expansion ideas include selling on Amazon and Etsy and diversifying product lines. The business’s supply chain involves a reliable partner in China who handles ordering logistics and quality control, making the process efficient. Despite challenges with shipping times, customer inquiries have been minimal. The owner plans to sell the business due to increased commitments in a separate full-time role. Despite being a side project, the business has generated over $260k in sales within 18 months and has significant growth potential if managed by a dedicated new owner. The sale aims to facilitate personal aspirations and career development for the current owner, who believes the business can evolve into a multimillion-dollar company.
Sponsored
Vetted + Data Verified Listing

This quality listing has been vetted by the Flippa team or the broker to ensure accuracy of the information provided.

Our vetting team has reviewed this listing and verified:

  • Revenue
  • Primary Expenses
  • Traffic

The seller has also connected the following data integrations:

  1. Shopify

About the seller
MORGAN AUGIRON
Smoods
Australia
2y/o unique designed sock brand. US and Australian customers with a profit margin of 35... Read more
Seller verification
Email address
Phone number
Government ID

1 transaction totalling USD $86,433

Payment Methods
Escrow.com
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0 Comments
1,541
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36 Watchers

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