Listing Number: 9525-387209
This successful Online Retail Business specializing in Beach and Shore Line Home Décor, has been in business since 2003. The Seller began making hand painted decorative items and art in their garage and wholesaling to retail shops in Williamsburg and Richmond, VA. With the success of their products the demand became to great to continue home production, so they began purchasing beach themed merchandise from other suppliers. This allowed the Seller to expand distribution to retail stores from Myrtle Beach, SC to Rehoboth Beach, DE along with art galleries and local specialty retail shops.
Continuing growth gave them the revenue to expand into their own online retail store and they contracted for a software solution that established their own branded website store and ultimately they added a storefront on Amazon and other internet marketplaces. Over the years their brand has gained a loyal following.
The inventory became more than they could contain in their house and in 2008 they moved to an office warehouse space with approximately 2,400sqft. In 2011, the business expanded to add an additional 1,200sqft office/warehouse which is still in operation.
The business has 2 -3 part time workers who come in to fill, pack, and ship orders each day from 10am to 2pm. The Sellers, handle purchasing, customer service, and marketing. Bookkeeping and IT Services are outsourced.
Over the last few years, the Seller has decided to retire and they reduced their activity, slowing the businesses growth, as they anticipated moving the operation back into their house. However, they have decided to sell the business and sale can easily be ramped back up because demand for their brand and products is still very strong. The Seller is willing to stay for a time to help restore the business and insure a smooth transition.
- Price: $345,000
- Down Payment: $345,000
- Sellers Discretionary Earnings: $130,000
- Total Sales: $800,309
- Location: Rockingham County, Virginia
- Inventory: $0
- FF&E: $0
- Employees: 5
- Year Established: 2003
- Reason for Selling: Retirement
- Category: Miscellaneous/Other
- Erika Baez, CM&AP
- Phone: (804) 206-8870
- Email: email@example.com