A 25 year old marine parts business that in it's prime was doing over $10k per month, now highly discounted! Easy to use shopify platform and high profit margin
The business under discussion is a well-established venture dealing with marine parts and accessories. It operates a notable, aged domain acquired in 1998, from a foundation dating back to 1977. Transitioned to its current owner in April 2020, it relocated to Rhode Island, focusing on capitalizing on manufacturing overruns, distributor overstocks, and retail closeouts, securing inventory at significant discounts and selling with high markups, often up to 5x their purchase price. This model facilitates a streamlined operation that, even at peak, never required more than three hours per day to maintain, with current operations demanding just one hour per day for packing and shipping.
Over 18 months of active management yielded consistent sales averaging $8.5k monthly. Although the owner shifted focus in November 2021, resulting in deliberate sales reduction by disconnecting a key eBay channel, reconnecting it could exponentially increase sales by at least fivefold. Future growth can also be bolstered through advertising and expanding product lists using insider sources that deliver high markup inventory.
The sale includes approximately $41,000 of well-organized inventory and an additional $10,000 worth yet to be listed on the website. Several valuable domains related to the business are also included, providing further potential marketing and operational leverage. Inventory storage requires minimal space, equivalent to a two-car garage. Full support and guidance are offered by the current owner to new buyers to foster business growth, leveraging their extensive knowledge and established supplier relationships.
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 new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More