Flippa
FOR SALE
Business Name

SofaSlips

Business Model
e-Commerce
Industry
Home and Garden

$50,000

Asking Price
Multiple 1.4x
My business is a Shopify dropshipping business selling Sofa covers.
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2019
Full-Time Staff
Owner Operated
Annual Revenue
$195,963
Annual Expenses
$159,781
Annual Net Profit
$36,182
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month September 2019 October 2019 November 2019
Revenue $1,919 $34,461 $159,583
Expenses $1,732 $26,011 $132,037
Net Profit $187 $8,450 $27,546

Business Description

We dropship products straight to the customer. We have direct contact with suppliers that can get shipping times in 7-12 days. This is considered very fast shipping times in the dropshipping space. We sell 3 products and sold about 3,500 units last month to our customers who are based in the USA. We source our products from a supplier with a warehouse in China and they ship units in 7-12 days.

How does your business make money?

We advertise on Facebook and Instagram with eye-catching videos that generate a high ctr. We use lookalike audiences and a seasoned facebook pixel that finds the best customer who is most likely to buy. After they purchase from our website, we then purchase the units and ship them out. Our average order value is $83.07.

Why should someone buy this business?

We offer faster shipping and we are a little bit cheaper, that's why our growing customer base loves us!

Why are you selling this business?

I am selling the business because I have another thing that I need to focus on and these projects require more time. The projects will be making me more money and I simply do not have time to operate the business any longer.

Assets

  • Domains
  • Existing manufacturing relationships
  • Marketing materials and collateral
  • Registered trademarks
  • Relevant email accounts
  • Website files, source code and content
  • e-Commerce platform accounts

Social Media

Facebook
1.4K followers
Twitter
0 followers
Instagram
3.1K followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Uche Agada

United States

Contact