The business operates in the smartwatch market, offering a cost-effective alternative to top brands without compromising on features such as step tracking, heart rate monitoring, blood pressure readings, and weather updates. Launched in June 2020, it has gained over 1,000 satisfied customers and functions as a dropshipping operation, requiring minimal day-to-day management. Key assets include trained staff for order fulfillment and customer support, brand materials, a fully optimized website, and access to suppliers and a marketing agency. The business promotes its products through digital advertising on platforms like Facebook, Snapchat, and Google.
The current decline in sales and traffic is attributed to a lack of attention to advertising campaigns, easily rectifiable by new ownership. The dropshipping model allows the business to operate without holding inventory, thus reducing financial risk. The business owners, who are experienced entrepreneurs, are selling due to time constraints from other rapidly growing projects. Despite the sale, they offer 12 months of support and guidance to the new owner.
This venture is ideal for someone seeking a head start in building a successful brand or wishing to earn an additional $10,000 monthly with minimal effort. Assets include customer databases, supplier contracts, marketing materials, Google Adwords, and existing manufacturing relationships. The social media presence consists of 500 Facebook followers and a mailing list of 2,000 email addresses. Post-sale support is not included, but the current owners will provide assistance for one year.