Facts and Figures
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Note: Traffic data was provided on May 15, 2019. Enquire for more recent data.
Ambici designs and sells unique luxury wooden watches. With sales in 17 different countries, the company now offers custom engraved watches for special occasions.
How does your business make money?
Ambici makes money from selling our watches through online mediums. Currently we focus exclusively on sales through our website, however, sales channels could easily be expanded to other online marketplaces and brick-and-mortar retail establishments.
Why should someone buy this business?
In addition to owning a business that presents incredibly lucrative opportunities (profit growth of over 140% last year!), Ambici allows for creative expression through product design. With sales in 17 different countries, Ambici provides you with a multinational platform to reach customers that love your watches on a global scale. Much of the infrastructure such as the e-commerce website, almost $10k in wholesale watch inventory (over $45k retail!), $3k desktop watch engraver, 5k+ social media followers, 3.3k+ email list, and manufacturer connections will allow you to quickly take over the operations and start selling immediately. Having spent literally $0 on marketing in 2018, our brand has proliferated almost entirely through word of mouth. Allocating any money towards marketing efforts has the potential to drastically increase sales, as every new customer you gain will now sport an Ambici billboard on their wrist everywhere they go.
How can the future owner improve this business?
There are ample opportunities to increase revenue streams. Virtually all sales stem from the organic discovery of our website. Other distribution channels such as Amazon or Etsy. Between Instagram and Facebook, Ambici has over 5300 followers and has compiled a mailing list of over 3,300 contacts. Social media marketing or other marketing avenues could effectively increase these numbers and overall sales. With day-to-day-operations already taking up a small portion of the day, automating marketing techniques, utilizing a fulfillment service, and outsourcing customer service could drop the time commitment to just a few minutes per day.
Why are you selling this business?As both founders are full-time students, not only is it difficult to balance school, but we feel as if we lack the resources to make this company all it can be. Our biggest goal from the beginning was to build a brand we are proud of, that could live on. We are both incredibly proud of and passionate about this business, but feel someone with more time and resources would be better suited to grow the company into a brand that will last. We hope to pass the torch onto someone who believes in the brand and wants to take Ambici to a new level.
- Brand and Community Loyalty
- High Profit Margins
- Low Time Commitment Required
- Turn-key Operations
- Well Established and Unique Brand
Opportunities for a new owner
- Launch New Products
- Improve or Outsource Operations
- Advance or Explore Retail / Distribution Partnerships
Key day-to-day operations
- Customer Support / Service
- Managing Inventory
- Order Fulfilment
- Email Marketing
- Facebook Advertising
- Word of Mouth
- Brand assets
- Customer databases
- Existing manufacturing relationships
- Inventory on hand or on order at the time of closing
- Policy and Process documents
- Registered trademarks
- Relevant email accounts
- Social media accounts
- Website files, source code and content
- e-Commerce platform accounts
- Google Adwords
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
My name is Reed Stephens. I am currently a dual degree candidate for Masters of Business Administration and Masters of Computer Science and my bachelors is in Mechanical Engineering. I am a huge watch collector (shocking I know) and avid sports fan. I love pretty much anything having to do with tech and can will talk you ear off about cars if given the chance. I would love to connect with anyone interested in Ambici or any of the topics mentioned above!