A 6 year old Amazon FBA store business in the Arts & Crafts space.
Wholesale only (No private labeling) with 120+ active SKUs and $4000-4500 profit/month
This business specializes in purchasing inventory from U.S.-based wholesalers to resell on the Amazon U.S. marketplace using Amazon's Fulfillment by Amazon (FBA) service. A significant strategy employed is selling multipacks, which offers higher margins and reduced competition. Custom software tools, incorporated into the sale, enhance the efficiency of ordering and shipping processes. With over six years in the industry, the business boasts sales history for over 1,500 products, detailing sales prices and profits for 310,000 units sold. Strong relationships with major distributors and some brands are established and transferable to the buyer. Opportunities for growth exist by expanding the current product offerings, particularly to Walmart.com, as the business is authorized for Walmart Fulfillment Service. Managing inventory effectively, spending around 15 hours a week, is crucial for maintaining profitability. The business handles product packaging and shipping from a personal space, with labor costs not included in financial expenses. A virtual assistant from the Philippines aids in back-office tasks. Tools such as Inventory Lab and Informed.co assist in managing costs and pricing. The custom-built software tools are also available in the sale. The sale is prompted by the owners’ wish to focus on their full-time careers, recognizing the business's growth potential but not wanting to sacrifice other career opportunities. An April 2023 profit dip occurred due to travel and decision to sell, which affected inventory levels and product launches. Buyers can discuss financials and business potential further through a virtual meeting.
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