E-COMMERCE-SERIOUS INQUIRIES ONLY - CASH BUYERS PLEASE

Los Angeles County, CA

E-COMMERCE-SERIOUS INQUIRIES ONLY - CASH BUYERS PLEASE
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Asking Price: $250,000

Cash Flow: $664,363

Gross Revenue: $3,798,002

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,000 /Month

Established: N/A

E-COMMERCE-SERIOUS INQUIRIES ONLY - CASH BUYERS PLEASE

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Business Description

PLEASE NOTE, this E-COMMERCE FURNITURE DISTRIBUTION business opportunity is an ASSET SALE only. The price has been SLASHED AGAIN. We are looking for SERIOUS BUYERS who can see through current challenges to restore a GOLDEN NUGGET of OPPORTUNITY.

BOTTOM LINE: The operations ceased in July 2018 for owner personal reasons. Consequently, price has been drastically cut from it's prior worth based on actual financial performance over several years in business. What is being offered now is the opportunity for a new owner to restore and exceed prior performance levels with the intellectual property as well as support and assistance available from the former CEO.

The assets include the existing web domains, know-how and immediate benefit derived from years of development and search priority on Google. Existing Web domains are still receiving several thousand clicks per month and order fulfillment can be easily restored. Supplier relationships are still in tact and their systems interface with site where orders are placed. This is a very good opportunity for new owner to benefit immediately from the know-how that will convey with the sale. This is a suitable offering for someone who recognizes the potential to use know-how and existing domains to quickly reignite the potential for a significant business based on a vigorous business model.

Perfect opportunity for an existing furniture company or design company that wishes to acquire the remaining assets, data and know-how of a historically growing and profitable E-Commerce business. CEO will provide all initial training to a new owner and, he/other resources will remain available, based on mutually acceptable terms, to guide buyer success over time.

This business was established in 2012 and has enjoyed year over year sales growth through 2017. It's half year in 2018 had it on a trajectory to exceed 2017 performance.Records are available that prove a 1:10 historical performance of marketing initiatives/sales revenue.

Detailed Information

Real Estate:
Leased
Building SF:
5,032
Lease Expiration:
N/A
Facilities:
PLEASE NOTE, this E-COMMERCE FURNITURE DISTRIBUTION business opportunity is an ASSET SALE only. The price has been SLASHED AGAIN. We are looking for SERIOUS BUYERS who can see through current challenges to restore a GOLDEN NUGGET of OPPORTUNITY. BOTTOM LINE: The operations ceased in July 2018 for owner personal reasons. Consequently, price has been drastically cut from it's prior worth based on actual financial performance over several years in business. What is being offered now is the opportunity for a new owner to restore and exceed prior performance levels with the intellectual property as well as support and assistance available from the former CEO. The assets include the existing web domains, know-how and immediate benefit derived from years of development and search priority on Google. Existing Web domains are still receiving several thousand clicks per month and order fulfillment can be easily restored. Supplier relationships are still in tact and their systems interface with site where orders are placed. This is a very good opportunity for new owner to benefit immediately from the know-how that will convey with the sale. This is a suitable offering for someone who recognizes the potential to use know-how and existing domains to quickly reignite the potential for a significant business based on a vigorous business model. This business was established in 2012 and has enjoyed year over year sales growth through 2017. It's half year in 2018 had it on a trajectory to exceed 2017 performance. Competitive Overview
Competition:
According to research data, furniture purchased online is growing at a rate of 14% annually and will reach 7.6% of total category sales in 2018. Today, over 80% of shoppers research furniture online before purchase. Most furniture retailers today are aware of this consumer shift and the importance of creating a seamless shopping experience. But despite the evidence, most furniture retailers have barely scratched the surface online. As highlighted in a recent article on the subject, 88% of all furniture stores have a website, but only 30% of these are e-commerce enabled. Said another way, 74% of all furniture retailers do not offer e-commerce. This offering has the distinct advantage of being an early innovator, which gives the company a significant competitive advantage. The scalability and duplicatable know-how, trade secrets etc. are invaluable tools to any new owner looking to take the lead in the on-line furniture market. This is relocatable opportunity and something that could be expanded, either as a private company or through franchise offerings in other territories across the United States or worldwide.
Growth & Expansion:
The business is an early innovator for online furniture sales. It's success in CA is easily scalable to other parts of the country.
Support & Training:
2 weeks
Reason for Selling:
retiring
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Robert Cunio

Business Listed By:
Robert Cunio

Transworld Business Advisors San Diego Central

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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