Melbourne

This highly profitable online eCommerce business sells a range of household electronics, appliances, and homewares. Selling via own website, eBay, and Amazon the business has seen significant growth year-on-year, generating an excellent annual income for the current owner operator.

ASKING PRICE: $700,000 plus SAV (approx $200,000)

P&L figures per Financial Statements:

– FY21 (9 months) Sales $2,678,325
– FY21 (9 months) Adj Net Profit $189,593

– FY20 Sales $4,063,393
– FY20 Adj Net Profit $381,335

OVERVIEW
– Founded in 2013
– Business is 5 days per week, Monday to Friday
– Stock is delivered to warehouse daily from suppliers, dispatched daily to customers (via Australia Post)
– Current owner responsible for inventory and warehouse management, supplier relations, inventory ordering
– Owner assisted by two staff members (1 x Customer Support/ Database Management, 1 x Driver/Packer Warehouse hand)
– Currently operates from a small warehouse located in Melbourne. Can be relocated to anywhere in Australia, or remain in existing location on excellent lease terms

ABOUT
– Single source for all home appliance and homeware needs
– Wide variety of products from the biggest brands available in the market
– Specialising in major brands, the business stocks high end products at low prices
– Extensive range of products are sourced direct from local Australian suppliers
– Provides customers with prompt and dependable customer service, fast delivery and postage, and very competitive prices

STRENGTHS/ BENEFITS
– Business is easy to run and requires minimal external resources
– Strong supplier relationships in place with seven local suppliers
– Can be operated from anywhere in Australia
– Perfect business for a couple or business partnership

REASON FOR SALE
Current owner is retiring and is motivated to sell. All reasonable offers considered.

For more information please contact Cameron Ryan from bbroker:
Phone: 0411 145 114
Email: cameron@bbroker.com.au