Flippa
FOR SALE
Business Name

Farq Sunglasses

Business Model
e-Commerce
Industry
Design and Style

$30,000

Asking Price
Multiple 0.8x

+ $0 Inventory

Branded eyewear dropshipping business. 6K+ p/m, great margins, a strong product line and an optimised Facebook pixel.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
Australia
Date of Founding
2017
Full-Time Staff
1 to 10
Annual Revenue
$197,737
Annual Expenses
$158,161
Annual Net Profit
$39,576
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 $32,201 $22,752 $16,932
Expenses $23,896 $17,922 $14,343
Net Profit $8,305 $4,830 $2,589
Month March 2019 April 2019 May 2019
Pageviews 55,578 36,814 12,973
Users 16,076 10,568 3,675

Note: Traffic data was provided on 29 May 2019. Enquire for more recent data.

Business Description

Farq is a dropshipping business. We have arrangements with eyewear suppliers who ship the product directly to the customer, once they place an order on our store. We set our price, market the product and make a profit from the margin we set.

How does your business make money?

Farq is a standard consumer business and makes money when we sell our sunglasses. We buy our sunglasses at a discounted rate and on average sell them at a 700% mark up.

Why should someone buy this business?

This business has great monthly profits, strong margins, a great product line, a strong brand name, great supplier relationships, huge growth potential and largely outsourced operations. We have a fully optimised facebook pixel, proven and converting video's and sales funnels, valuable data on 18-24 year old male consumer's. We have mainly focused on AU & CA markets, leaving massive growth potential in European and American markets. This business is a great buy for someone who wants to explode this business into an international success, someone who wants the valuable consumer data, or someone who wants to leave the business as is and make a positive return on investment within 10 months.

How can the future owner improve this business?

The future owner can improve this business by spending marketing dollars in European and American markets which would take this business international and increase revenues and profits. Alternatively, the future owner could leverage the strong brand name and product line, and private label the products, increase the prices and build a strong brand, with increased margins and a lasting business.

Why are you selling this business?

I am selling this business to pursue other ventures that require a large upfront capital investment. This business generated great monthly profits, however unfortunately this isn't enough to fund my other ventures whilst supporting my lifestyle, so unfortunately i have to sell to generate large capital.

Business Strengths

  • High levels of Automation
  • High Profit Margins
  • Outsourced Order Fulfilment
  • The Business Is Currently Growing
  • Low Acquisition Cost for New Customers

Opportunities for a new owner

  • Launch New Products
  • Start Selling into New Markets
  • Improve Current Marketing Efforts

Key day-to-day operations

  • Managing Staff
  • Bookkeeping
  • Content marketing

Marketing

  • Facebook Advertising
  • Influencer Marketing
  • Instagram Advertising

Inventory

Units
0
Value
$0

Assets

  • Brand assets
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Marketing materials and collateral
  • Relevant email accounts
  • Social media accounts
  • e-Commerce platform accounts
  • Google Adwords

Social Media

Facebook
1.4K followers
Instagram
3.4K followers

Post sale support

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

Included

About the Seller

kane roberge

Verified Account

Australia

I am a 19 year old law-student pursuing a dream of playing professional football and using ecommerce to fund each of the above.

Contact