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Chunky Knit Blankets and Accessories e-store (no experience necessary)

Salt Lake City, UT (Salt Lake County) (Relocatable)

Chunky Knit- No Experience Needed
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Asking Price: $68,000

Cash Flow: $15,000

Gross Revenue: $39,000

EBITDA: N/A

FF&E: $3,000

Inventory: $15,000

Established: 2017

Chunky Knit Blankets and Accessories e-store (no experience necessary)

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Business Description

Great home-based business opportunity grounded around marketing an in demand product. You don't need to know how to make anything!!

Great margins on products 50-70%+!

Business took a break Jan-May of 2018 so the sales represent 7 months of the year.

Chunky-knit is all the rage and we have amazing profit margins. We are a proud American brand, creating one-of-a-kind handmade Merino Wool knit products for you, your little one and your home. Our blankets were created with the idea of giving your home a feeling of comfort and style. A keepsake you will use time and time again. We are very passionate about Merino Wool for all of it's natural qualities. Merino Wools' softness and heavy warmth is unmatched by any synthetic materials out there. Our passion led us to create a brand using only 100% Merino Wool from around the world.

Business has built very strong relationships with large retailers to position our product to a broad audience. Examples are as follows:
• Currently an Overstock.com partner (sell all of our products on Overstock)
• Going up on Bloomingdales.com for the fall
• Have worked with Nordstrom.com and could go back up for the fall/winter season
• Sold at Nordstrom store in City Creek (as a pop-up holiday shop) for the past two years
• Approved on Jane.com to sell all of our products. It is very hard to get into Jane but we are an approved vendor for listing.

Products do very well when presented in person. Examples of pop up shops we participated in are:

West Elm
Parade of Homes
Nordstrom (we were asked to be there every weekend in December)
ChrisKindleMart (Huge event in November)
Had several others email us and ask.

We have a table reserved and paid for the Pintrest Convention that is a prime center table. We also have a booth reserved and paid for at the Good Life Market Event.

Looking for a new owner to take over before the busy holiday season right around the corner.

Detailed Information

Location:
Salt Lake City, UT
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We have 15K+ in inventory that could be sold for at least double. Well over 40K retail sales. This is included with a full-price offer. (Home Based)
Competition:
New Owner can do an amazon account. Very little competition for REAL merino wool. Most are a knock off.
Growth & Expansion:
This business has infinite growth potential. We tripped sales in one year and you could do that again with some effort. We grew our Instagram account from 10k to 34k followers in one year and we did very little activity this could really use some focus. We have just partnered with Overstock.com you can put any product on this site. We also just got a partnership with Bloomingdale's for our throws and they are considering us for in stores. We were on Nordstrom.com last Christmas and did 30k in sales (could do much more, ran out of inventory) They have invited us back if desired. Have not touch the amazon market and have only done 2 month of SEO for the webiste.
Support & Training:
Will provide training at no additional cost. Will also assist in switching all partners to new owners name.
Reason for Selling:
Time restraints
Home-Based:
This business is Home-Based
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Kaila Briscoe

Business Listed By:
Kaila Briscoe

Pinnacle Business Brokers

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