Flippa
SOLD!
Business Name

CoverLift

Business Model
e-Commerce
Industry
Design and Style

$45,000

Asking Price
Multiple 1.5x

+ $14,000 Inventory

CoverLift is Trademarked brand currently being sold on Amazon, through Amazon FBA. Started selling September 2018, and has since did close to $100,000 in Revenue in a year.
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2018
Full-Time Staff
Owner Operated
Annual Revenue
$93,000
Annual Expenses
$63,000
Annual Net Profit
$30,000
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019
Revenue $5,393 $7,030 $9,476 $10,960 $299 $9,876 $3,590 $5,324 $12,856 $10,328 $8,520 $5,696
Expenses $3,458 $4,921 $6,633 $7,672 $0 $6,913 $1,525 $2,090 $6,477 $6,813 $6,319 $3,961
Net Profit $1,935 $2,109 $2,843 $3,288 $299 $2,963 $2,065 $3,234 $6,379 $3,515 $2,201 $1,735

Business Description

CoverLift is the name of the brand as well as our first product. CoverLift is an adhesive strapless bra that replaces a traditional bra. We get out inventory from our loyal supplier in China , where it gets shipped straight to Amazon and then gets sold and shipped by Amazon to the customer. No physical inventory management needed. Most sales came from 1 SKU and 2 more SKUs were recently added in the last month.

How does your business make money?

We generate revenue with the CoverLift brand, by private labeling and then selling on Amazon at margin of 50%-58%. We process between 400 and 500 sales a month.

Why should someone buy this business?

This business presents an ideal acquisition opportunity for a buyer looking to acquire a thriving Amazon FBA business selling a popular, in-demand and branded product range. The new owner will have continued access to the quality, responsive suppliers. There is 700 units in stock to the value of $14,000.

Why are you selling this business?

We are selling the CoverLift Brand to get more capital to expand our other operations and to start new brands and more product lines.

Business Strengths

  • High Profit Margins
  • Outsourced Order Fulfilment
  • Passive Revenue
  • Scalable Business Model
  • Turn-key Operations

Opportunities for a new owner

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

Key day-to-day operations

  • Customer Support / Service
  • Managing Inventory
  • Reporting

Marketing

  • Amazon PPC
  • Facebook Advertising

Inventory

Units
700
Value
$14,000

Assets

  • Brand assets
  • Customer databases
  • Registered trademarks
  • Relevant email accounts
  • Social media accounts

Social Media

Instagram
250 followers

Post sale support

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

Not Included

About the Seller

Vishnu Lall

Verified Account

United States