The business, acquired recently via an online platform, is built on a Shopify template with significant growth potential. The current owner faced challenges with merchant accounts and payment gateways supported by Shopify for clients outside the U.S. and several other countries. Despite initial plans for the website, the sale is prompted by these constraints and other business commitments.
Key developments include the automation of watch picking and packing by a third-party fulfillment service, eliminating manual efforts and increasing efficiency. The pricing strategy was altered from "free watches with a shipping fee" to "watches with free shipping" due to payment gateway limitations, although reverting to the former model could boost organic traffic.
The business, marketed primarily through social media, sees a steady income from global orders despite limited advertising efforts mainly focusing on the UK. Its assets include domain names, social media accounts, a mailing list with over 23,000 subscribers, and a consistent supplier relationship that benefits from volume discounts.
Operational tasks are minimal, requiring around an hour weekly, with emphasis on customer service and marketing. The website has no search engine penalties, and competitors include other watch brands. Geographic constraints apply for maintaining the current pricing model, with several countries offering support for Shopify Payments. The business holds a sizeable inventory ready for transfer to the new owner, offering robust growth opportunities through expanded product lines and international market expansion.
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 trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More