A beach-focused company was established by Australian beach enthusiasts who sought to create user-friendly, lightweight, and durable sunshades for everyday use. Their flagship product, a beach tent, rapidly gained popularity across Australia's beaches, leading to the company's evolution into a hub for beach essentials. Financially, the company boasts a consistent 70% gross profit margin and notable year-on-year revenue growth, with a 12% increase from 2022 to 2023. Their average order value also saw a 12% rise. An expanding customer base contributed to a 23% traffic increase.
The company employs various sales channels, including social media where they have developed strong brand recognition with a significant following and numerous posts. They also partner with major lifestyle marketplaces and have a retail presence in over 20 Australian stores, experiencing steady revenue growth via wholesale channels managed by commission-based sales representatives.
Marketing efforts are supported by an automated system and social proof, with over 300 verified reviews, and comprehensive marketing materials. Partnerships with influencers further amplify their reach. Operations are streamlined through reliable international manufacturers and outsourced logistics, allowing the business to operate smoothly with minimal direct oversight.
Future opportunities include potential expansion into the US market, leveraging Australian trademarks, and established fulfillment accounts in multiple countries. This presents an attractive prospect for international buyers seeking a foothold in the Australian market. The current success provides a foundation for further growth, with substantial potential in new markets and product lines.
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