This company was founded in July, 2017. The Company’s main business activity is the sale of automotive related merchandise (keychains, air fresheners, sunglasses, pillows etc.) which are sold on the company website. Turborgasm is rapidly and continuously growing on Instagram and Facebook which are the Brand’s biggest sales channels. First year revenues of the Company exceeded 100,000 USD. Due to its cost efficient marketing strategy which involves heavy advertisement on its own social media accounts, Turborgasm’s profit margin is around 50 percent.
The Company has two main suppliers of products (one in Europe and one in China). The Brand has a very good relationship with its suppliers who are open to continue business with the new owner. Suppliers are dispatching orders, managing orders and packaging the products. They are open to fulfil any request of the new owner. 95 percent of the orders are dispatched from China.
The Brand’s website, social media accounts (45,100 followers on Instagram and 89,400 followers on Facebook), email subscribers (5,000+) are all included in the purchase price. The Brand is heavily involved in influencer marketing. Other than using its own social media accounts which are continuously growing, third party marketing channels are also involved in the Brand’s promotion strategy. 99% of sales revenue comes from Instagram and Facebook posts/advertisements which are the Brand’s strongest sales-generating channels with 135,000 followers and counting. The Brand’s regular wholesale customers include Carthrottle, AquaTint Auto Detailing, and Posh Automotive Group.
Ths company has huge growth potential. First year revenues (which were solely achieved by website purchases) can be multiplied by leveraging additional sales channels like Amazon, AliExpress and Ebay.