E-commerce - Furniture - $67K gross/mo
- Yearly revenue
- Yearly net profit
- Asking price
- $282,000 SOLD
- 100% drop shipped sales
- Compound monthly growth of 8.6% (L12M)
- Simple operations consist mainly of customer service
- Multiple suppliers and low product concentration risk
- Early adopter of the Houzz marketplace
For sale is a drop ship bathroom furnishing seller that has utilized the Houzz platform to achieve an incredible growth rate of 758% since its founding in late 2014.
The store offers a wide variety of products to both contractors and end-users, including bathroom vanities, medicine cabinets, toilets, bathtubs, sinks, and range hoods. All orders are drop shipped from suppliers to the customer, which reduces operational complexity, cost and inventory risk.
Growth has been consistent and impressive, with a compound monthly growth rate of 8.6% over the last 12 months. The business also has simple financials. Suppliers allot an average 29% margin and Houzz takes a 15% commission per sale, leaving roughly 14% gross margins.
Ongoing operations are incredibly simple, with customer service being the primary owner task. Both founders started the business with no prior industry knowledge and found that the majority of product questions can be answered via distributor data sheets.
This represents an opportunity to take over a fast-growing and well-established business that has deep roots in a thriving online marketplace.
* Revenue and profit figures have been annualized on a L6M basis.
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All numbers are prepared on a SDE basis.