The company in question is a 14-year-old online retailer with annual sales averaging $3 million, operated by a small team without formal business or tech expertise. The brand boasts a dedicated customer base with numerous subscribers and social media followers. Despite lacking a PR team, it has secured over 1,000 press mentions and maintains relationships with more than 700 press contacts and over 800 vendors. The company recently invested $200,000 in a website update and carries no debt. It's known for its creative and fun culture and offers significant growth potential both online and in retail. However, challenges include unresolved website functionality, lack of mobile optimization, increasing competition, and declining sales and traffic over the past two years. There's no in-house tech team, making troubleshooting difficult. To address these issues, suggestions include investing in a specialized team, focusing on unique merchandise, exploring discount models, and leveraging loyal customer relationships. Additional opportunities lie in corporate gifting, rebuilding traffic, licensing, and product collaborations. The decision to sell follows a difficult financial year and a costly but ineffective website redesign. The owners are ready to move on after dedicating 15 years to the business and are seeking a partner with expertise in tech, retail, or business to elevate the company to the next level. Despite challenges, the sale offers a promising opportunity for growth in a brand known for its heart and creativity.
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 due diligence service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More