Amazon's favorite leather phone wallet since 2016. Hundreds of thousands of customers, over 7,000 reviews for the hero SKU with an average 4.6-star rating.
A company focusing on crafting quality phone wallets was initiated by college students who were dissatisfied with existing options made from inexpensive materials. Over nearly a decade, the firm's leather stick-on phone wallet gained popularity, especially on a major online retail platform. Positive customer feedback highlights its durability and aesthetic appeal, with users appreciating the variety of colors and the practicality of merging their phone case with wallet functionality.
The company experienced significant growth annually and was sold for $675,000 in 2022, not including inventory. Revenue approached $1 million between 2022 and 2023. However, a major lost inventory shipment in 2023 and problems with counterfeit sellers affected the business, causing revenue to decline from 2023-2025, and resulting in bankruptcy proceedings. Despite these setbacks, the business persisted, resolving bankruptcy in 2024, and spent the subsequent year refining its operations and product offerings.
With a strong foundation and dedicated customer following, the business presents an opportunity for acquisition at a favorable price. As the smartphone market expands and consumers rely less on physical cards, the demand for phone wallets continues to grow. The company's product is distinguished by high quality rather than low pricing, which has allowed price increases due to its superior quality. Furthermore, the low cost of goods sold (COGS) at around 14% and potential for market expansion, direct-to-consumer channel development, and product diversification offer substantial growth prospects. For the right buyer, this business represents a valuable asset with untapped potential.
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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