In April 2009, an individual initiated a Facebook page dedicated to morel mushrooms, successfully growing its followers to 110,000. In October 2011, they ventured into e-commerce by launching an online store initially focused on selling a single product, a morel mushroom-scented candle. This business gradually attracted $10,000 in sales, largely during Father's Day and Christmas. By late February 2013, the product range expanded to include t-shirts, puzzles, keychains, and dropshipped fresh morel mushrooms. These new additions propelled sales to exceed $45,000 in the past 90 days.
The morel mushroom season in the United States typically spans from April to June, though their Oregon-based dropshipper supplies fresh mushrooms until July or August. Prospective owners of the business should anticipate a seasonal dip in sales during summer, with an upswing expected as Christmas approaches through the end of the following May or June. They have invested in SEO strategies, achieving a #4 Google ranking for "buy morel mushrooms" and a #1 ranking for "sell morel mushrooms."
The financials of the business note an oversight in accounting for the cost of goods sold (COGS) within their financial estimates. Monthly expenses, primarily processor fees, were estimated at $100, without a detailed breakdown of COGS. Product markups range between 45-65%, while fresh morel mushrooms generally see a markup of 35-45% depending on the season.
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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.
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