Flippa
FOR SALE
Business Name

SoleFog

Business Model
e-Commerce
Industry
Health and Beauty

$50,000

Asking Price
Multiple 1.6x

+ $20,000 Inventory

SoleFog is fast acting and strongly scented shoe odor eliminator. The formula was made to kill the bacteria that creates an odor in your shoe and leave a fresh scent.
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2016
Full-Time Staff
Owner Operated
Annual Revenue
$133,080
Annual Expenses
$102,670
Annual Net Profit
$30,410
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.

Business Description

SoleFog is fast acting and strongly scented shoe odor eliminator developed to combat the worst of shoe smells. It is the most convenient solution for those looking to get rid of that stinky shoe smell. While most shoe deodorizers cover up that stinky shoe smell, SoleFog actually kills it at the source. It comes in a small convenient can that can be packed in a gym bag or travel with you on a plane. SoleFog is a TSA Approved product.

How does your business make money?

Solefog sales come through multiple online sales channels: Amazon, Solefog.com, eBay, and Jet. A substantial volume of the product sales come through subscription box providers, notably FabFitFun, Kloverbox, and BuffBoxx. Because the product is light and had value to the subscription box customer base, it is a great add-on product in any subscription box provider.

Why should someone buy this business?

The SoleFog concept was built around a need. A shoe odor eliminator that truly worked. SoleFog is a great add-value product for someone that would like to add it to an existing product line, or take a branded item with a strong story and take it to the next level. SoleFog is currently a side project that needs brand developers to bring it to the masses. SoleFog is a high margin product line that can add true bottom line value. We have a large wholesale account in place that orders quarterly. Amazon sales has grown 120% year over year to date 2018v2019.

How can the future owner improve this business?

With a little bit of PR and marketing futures owners can grow the brand substantially from where it is today. The product is proven, the story is true and wholesome.... it needs a future owner to take it from low 6 figures annual revenue to the millions. Manufacturers will process low minimum volume orders.

Why are you selling this business?

I have another business rytesport.com that is growing at a faster rate, all extra funds are being invested into RYTE Sport. Both brands are passion projects. SoleFog is a great opportunity for someone looking for an opportunity to grow a business with all the fundamental pieces in place (website, proven product, customers, etc.). Having built 4 companies from nothing, setting up the e-commerce infrastructure and web history was the biggest hurdle. PLEASE NOTE the new owner will be purchasing the product line, brand and all assets associated with the company. You will not be purchasing the parent LLC. Send a message if you would like a detailed list of assets.

Business Strengths

  • High Profit Margins
  • Lots of Repeat Customers
  • Scalable Business Model
  • Well Established and Unique Brand
  • Low Acquisition Cost for New Customers

Opportunities for a new owner

  • Improve Current Marketing Efforts
  • Introduce Further Revenue Streams
  • Advance or Explore Retail / Distribution Partnerships

Key day-to-day operations

  • Order Fulfilment
  • Content marketing

Marketing

  • Email Marketing
  • Google Adwords
  • Instagram Advertising

Inventory

Units
2,000
Value
$20,000

Attachments

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Hosting accounts
  • Inventory on hand or on order at the time of closing
  • Social media accounts
  • Vendor contacts
  • e-Commerce platform accounts
  • Google Adwords

Social Media

Facebook
400 followers
Twitter
0 followers
Instagram
150 followers

Post sale support

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

Included

About the Seller

alex young

Verified Account

United States

I am an entrepreneur to core, but take an analytical approach to everything I do. I believe in taking calculated risks to achieve success in a conservative manner. I look for opportunities in niche markets, understand the size, and shoot for a percentage market share as a goal. SoleFog is a passion project where I found an angle and new approach to a stale market. Due to the demands of my other brand RYTE Sport, I cannot focus time or financial resources into growing SoleFog any further. The new owner will take over the product line (not my LLC), and all physical and digital assets associated with SoleFog.

Contact