Flippa
FOR SALE
Business Name

Confidential

Business Model
e-Commerce
Industry
Lifestyle

$249,999

Asking Price
Multiple 2.1x

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Leading K-Pop & Korean Fashion merchandise brand. 8000+ customers, 1h work daily. 180 influencers in an affiliate network and 11% returning customers. Huge email + push list.
This business owner has manually entered their financials
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Facts and Figures

Location
Germany
Date of Founding
2018
Full-Time Staff
Owner Operated
Annual Revenue
$221,800
Annual Expenses
$100,000
Annual Net Profit
$121,800
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 February 2019 March 2019 April 2019
Revenue $25,000 $42,300 $25,000
Expenses $12,000 $20,000 $12,000
Net Profit $13,000 $22,300 $13,000
Month March 2019 April 2019 May 2019
Pageviews 480,364 319,576 117,605
Users 67,566 46,839 20,208

Note: Traffic data was provided on May 14, 2019. Enquire for more recent data.

Business Description

We dropship K-Pop (korean pop) items and Korean Fashion items to a large established customerbase.

How does your business make money?

Dropshipping model.

Why should someone buy this business?

We do not currently use paid advertising. By adding this to your marketing plan, this store can generate immense amounts of revenue. K-Pop is currently gaining public awareness, and growing insanely fast. Catch the wave with this established, well-known store. I can see it becoming 7 or even 8 figures with someone who knows what they're doing. I don't, and someone who knows more about marketing can make this store the success it should be.

We have a list of 180 affiliates (influencers) who promote us, ensuring 1000-3000 daily visitors with no marketing other than the affiliates. Our email list is around 18000, and we have 30000 push notification permissions which have generated 10k alone in profit. We do not do paid advertising other than affiliates (10% rev share).

How can the future owner improve this business?

By using paid advertising.
By dedicating more time to the business than I currently can.
By adding more products and creating custom PL/POD items.
By being active on Social Media.

Why are you selling this business?

I have a new online store which I am focusing on, and I don't have time to run this one. Someone can make it be much better than I ever could with the help of paid advertising. I haven't worked on this store at all during 2019. That's why the large fluctuation. If someone took this as their main project, or dedicated more time for it, it would be a true success.

Business Strengths

  • Brand and Community Loyalty
  • High Profit Margins
  • Length of Operation in Niche
  • Lots of Repeat Customers
  • Low Time Commitment Required

Opportunities for a new owner

  • Launch New Products
  • Improve Current Marketing Efforts
  • Increase Basket Size Per Customer

Key day-to-day operations

  • Customer Support / Service
  • Bookkeeping
  • Launching New Products
  • Order Fulfilment
  • Website Maintenance

Marketing

  • Affiliate Marketing
  • Email Marketing
  • Influencer Marketing

Assets

  • Brand assets
  • Domains
  • Existing manufacturing relationships
  • Hosting accounts
  • Marketing materials and collateral
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content
  • e-Commerce platform accounts

Social Media

Facebook
1.9K followers
Twitter
0 followers
Instagram
7.5K followers

Post sale support

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

Included

Confidential

Germany