Flippa
FOR SALE
Business Name

Urban Eyewear Co.

Business Model
e-Commerce
Industry
Design and Style

$70,000

Asking Price
Multiple 1.2x
Women's Fashion Sunglasses - Dropshipping Store. Selling close to 1,000 pair of sunglasses per month with an email list with over 15,000 brand ambassadors!
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2019
Full-Time Staff
1 to 10
Annual Revenue
$131,436
Annual Expenses
$70,974
Annual Net Profit
$60,462
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 April 2019 May 2019 June 2019
Revenue $12,566 $13,060 $10,279
Expenses $7,481 $6,506 $5,541
Net Profit $5,085 $6,554 $4,738

Business Description

We source women's sunglasses from a variety of suppliers and sell them to women all across the world.

We are selling close to 1000 pairs a month and have an email list with over 15,000 brand ambassadors on it.

How does your business make money?

We make money from selling women's sunglasses to consumers.

Why should someone buy this business?

This business is in a unique position in the market because of its extensive brand ambassador program (and associated email list) and its unique marketing strategy.

People are beginning to recognize the name in the influencer community and the brand is ready to go to the next level.

The profit is averaging about $5,000 a month which is great for such a young brand. I have pro-rated the "annual numbers" over the four months and then multiplied by 12 to show you what it is tracking to profit in a year already. The "last three months" are numbers directly from my CPA's report.

Flippa valued the business between $150,000 and $184,000.

How can the future owner improve this business?

I will include a post-purchase growth plan, but the 140 character explanation is to continue to expand on the marketing plan that is working very well.

Why are you selling this business?

I am 23 years old and just graduated from college in Texas with a degree in accounting in December of 2018. I have run dropshipping stores full-time throughout college and since graduation. I start law school in the Fall at Texas A&M School of Law and will be very "distracted & busy" during the next three years. I am selling all four stores that I have operating right now. Let me know if you have any questions, I am offering month support to teach you exactly how I operate the business. I have built about 12-15 stores in the past two years and have lots of nuggets and knowledge to pass on. The email list of brand ambassadors is an asset that is hard to overstate. 15,000 girls in the target market that have signed up. This store is one of my favorites I have run, I know it has great potential to scale. It is doing around $5,000 a month and more in profit per month and I just launched it in early March of 2019. Looking for a buyer that understands growth and scale.

Business Strengths

  • Brand and Community Loyalty
  • High Profit Margins
  • Large Customer Database
  • Lots of Repeat Customers
  • Outsourced Order Fulfilment

Opportunities for a new owner

  • Launch New Products
  • Improve Current Marketing Efforts
  • Improve Customer Service

Key day-to-day operations

  • Launching New Products
  • Content marketing

Marketing

  • Influencer Marketing
  • Instagram Community Management
  • Instagram Advertising

Assets

  • Customer databases
  • Domains
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content
  • e-Commerce platform accounts

Social Media

Instagram
5.2K followers

Post sale support

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

Included

About the Seller

Austin Franco

Verified Account

United States

I am 23 years old and graduated college with a degree in Accounting in December of 2018. I have been dropshipping full-time for a couple years and have learned so many techniques for driving traffic and sales in a profitable and scaleable way.

I start law school in August of 2019, so I am sadly selling most of my stores. I do offer 30 days support to teach you the ropes and explain the model thoroughly to you.

Please let me know if you have any questions!

Contact