This business offers a leading trademarked brand of superior quality wireless audio devices with sales converted through its Shopify store. This company has innovative product lines, tremendous product branding and an excellent foundation. Since its creation, the company has accumulated 51k customers, nearly 300k engaged followers on Instagram and has surpassed $4 million in gross sales to-date. Well-known celebrities have been seen using the products.
The company stocks inventory and fulfills orders from leased warehouse space. The average inventory value over the last 12 months is around $150,000 to $200,000. It is operated by one owner who works approx. 20 hours per week handling marketing, monitoring sales and manages inventory as well as new products with manufacturers. There are several contractors who respectively handle fulfilling orders, customers service, bookkeeping and content creation which includes influencers who promote the products. The contractors are willing to continue on with a new owner.
Perfect Time to Purchase! New product offerings are underway and have typically generated a large increase in sales. With the busiest shopping season coming up along with the launch of the new products, the owner expects even greater results. Timing for acquiring this business is ideal for a new owner to reap the rewards of retail’s busy season and to recoup a large percentage of this investment!
Building on its solid performance, this business is positioned for a new owner to scale by selling on Amazon, going into retail, hiring a fulfillment center, and working with more influencers.
This business has the competitive advantage in this niche by priding itself on using the highest quality components to construct its products. Additionally, the business is well branded and the team understands social media marketing very well.