Facts and Figures
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Note: Traffic data was provided on 29 May 2019. Enquire for more recent data.
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.
- 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
- Content marketing
- Facebook Advertising
- Influencer Marketing
- Instagram Advertising
- Brand assets
- Customer databases
- Existing manufacturing relationships
- Marketing materials and collateral
- Relevant email accounts
- Social media accounts
- 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
I am a 19 year old law-student pursuing a dream of playing professional football and using ecommerce to fund each of the above.