For sale is a long-established ecommerce retailer specializing in selling high quality furniture and home goods. As a 100% dropship model, the business is free of the capital requirements associated with stocked inventory. To streamline operations, the company has created a number of proprietary automation processes for order fulfillment, customer service and lead management within the Shopify Plus platform in combination with Google Workspaces. Custom code has also been developed to gather data from the vendors’ websites which is then adapted and allows products to be uploaded to the company web store quicker and more accurately than competitors.
Originally launched as a supplement in 2015 to eight other niche focused websites, the sites were all rolled into one in late 2019 to operate as the main business from that point forward and at the same time, migrated to the Shopify Plus platform. This strategic move coupled with advantageous policy changes by Google regarding organic listings in Google Shopping, in addition to the boost to ecommerce overall during the pandemic and a growing online furniture industry, have all attributed to the business’ success.
The business has been growing and continues this year with sales up 220% in 2021 to-date over the same period in 2020!
Key Benefits Include:
Gross Revenue
$8,331,980
EBITDA
$1,583,076
Established
2011
Business ID:
L#20210198
Country
United States
| Business ID: | L#20210198 |
| Property Type: | Internet Businesses |
| Property Status: | For Sale |
| Target Price: | $7,125,000 |
| Gross Revenue: | $8,331,980 |
| EBITDA: | $1,583,076 |
| Target Price / Revenue: | 0.86x |
| Target Price / EBITDA: | 4.5x |
| Established: | 2011 |
| Competition: | Competitive advantages include: Relationships with hard to obtain vendors that do not want to work with big box stores Proprietary marketing/sales strategies with IP Ability to backorder items which many competitors do not |
| Growth & Expansion: | Building on its established foundation and tremendous performance, this business is perfectly positioned for a new owner to take the site to the next level of growth. Some ideas for future growth include: Social media marketing Sell on 3rd Party Marketplace sites such as Houzz, Amazon and eBay Google Keyword advertising Build on the brand by importing furniture from overseas - existing factory contacts have been formed from but require minimum order quantities Inventory items from Vendors – many upper echelon vendors will only work with retailers that hold some inventory White label products to create branded line under company name – current vendors will white label products Attend trade shows to bolster current vendor relationships and acquire new ones Reach out to adjacent industries (kitchenware, table settings) |
Updated on November 12, 2021 at 9:28 pm
$5,750,000
Internet Businesses
Established and Growing Dropship Furniture Business
