1-Year-Old Beauty & Cosmetics Brand In The U.S Market. Turnover $240k With A NET Profit Of $41k. Local 2-5 day Shipping Times. 10k+ Social Media Followers
The beauty business was initially started after testing a lash serum that proved successful. This prompted its founder to establish a brand around it and expand the product line to include eyebrow serums and hair oils, aiming to provide comprehensive beauty solutions and encourage people to embrace their natural beauty. The business is being sold to secure capital for a new clothing brand project. This capital is crucial for establishing inventory and maintaining cash flow, which are essential for the clothing brand's development and market entry.
In terms of fulfillment, the business initially sourced stock from Alibaba suppliers and managed shipping through a Chinese agent. Eventually, operations were shifted to a U.S. warehouse to enhance efficiency and reduce shipping times. The fulfillment process remains streamlined within the U.S., with all stock prepaid: a 50% payment is made to begin orders, and the balance is paid upon completion.
Operational tasks include monitoring Facebook and Google Ads to optimize advertising strategies and managing financial aspects with a U.S. logistics provider. Team communication is facilitated via weekly Skype interactions. Growth opportunities for a new owner include leveraging TikTok Shop, focusing on Facebook creative testing, and exploiting the potential of the hair oil product. The sale includes domains, brand collateral, web assets, social media accounts, and a substantial customer list, among other resources. There is also provision for after-sale support to ensure a smooth transition and growth for the new owner.
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214 transactions totalling USD $14,844,130
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