Flippa
FOR SALE
Business Name

Kitables

Business Model
e-Commerce
Industry
Education

$99,000

Asking Price
Multiple 2.7x

+ $24,397 Inventory

We give people the confidence to build by providing all inclusive DIY kits in a variety of fields for ages 8-99
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2014
Full-Time Staff
Owner Operated
Annual Revenue
$123,334
Annual Expenses
$86,111
Annual Net Profit
$37,223
Profit and Loss
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 $5,192 $8,389 $2,573
Expenses $3,712 $3,707 $4,806
Net Profit $1,480 $4,682 -$2,233
Month May 2019 June 2019 July 2019
Pageviews 4,182 2,908 1,951
Users 1,565 1,382 689

Note: Traffic data was provided on 15 July 2019. Enquire for more recent data.

Business Description

We sell DIY kits. All kits have already been designed and suppliers found and have been selling the same kits for years. Operations at this point consist solely of Supply ordering once a month, customer emails ( about 10 a week) and keeping on top of 3pl fulfillment ( about an hour a month)

How does your business make money?

Well sell kits though multiple e-commerce platforms, distributors,and we are vendors for amazon.

Why should someone buy this business?

Very low effort business, it pretty much just runs itself due to the automation and processes built around it, including the kitting and fulfillment. You would put in about 10 hours a month to keep it where it is. That being said it has been a way bigger business when we had a marketing team working on it, so if you wanted to put the effort in you could make a lot more fairly easily.
Also we are vendors for Amazon ( not FBA) this is invite only and you only get it by selling the volume we have. Its invaluable as you dont deal with anything on amazon including the customers, anything you put up is automatically prime and all you have to deal with is a PO once a week from amazon.

How can the future owner improve this business?

Do any active marketing as we currently do none, increase the amount of distributors

Why are you selling this business?

Im a serial entrepreneur and this was a passion project of mine. I now have an offer I can't refuse to be the CEO at another company and while this is low effort Id rather see it go to a good home than me slowly letting it die due to inattentiveness

Business Strengths

  • High levels of Automation
  • Lots of Repeat Customers
  • Low Time Commitment Required
  • Outsourced Order Fulfilment
  • Passive Revenue

Opportunities for a new owner

  • Improve Current Marketing Efforts
  • Advance or Explore Retail / Distribution Partnerships
  • Increase Basket Size Per Customer

Key day-to-day operations

  • Customer Support / Service
  • Managing Inventory

Marketing

  • Amazon PPC
  • Facebook Advertising

Inventory

Value
$24,397

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Inventory on hand or on order at the time of closing
  • Marketing materials and collateral
  • Registered trademarks
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content
  • e-Commerce platform accounts

Social Media

Facebook
2K followers
Twitter
400 followers
Instagram
1.5K followers

Post sale support

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

Included

About the Seller

Charles Wood

Verified Account

United States

Senior Account Manager at Flippa.com

Contact