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Established and Growing Dropship Furniture Business
Established and Growing Dropship Furniture Business
Description
L#20210198
For sale is a long-established ecommerce retailer specializing in selling high quality furniture and home goods. As a 100% dropship model, the business is free of the capital requirements associated with stocked inventory. To streamline operations, the company has created a number of proprietary automation processes for order fulfillment, customer service and lead management within the Shopify Plus platform in combination with Google Workspaces. Custom code has also been developed to gather data from the vendors’ websites which is then adapted and allows products to be uploaded to the company web store quicker and more accurately than competitors.
Originally launched as a supplement in 2015 to eight other niche focused websites, the sites were all rolled into one in late 2019 to operate as the main business from that point forward and at the same time, migrated to the Shopify Plus platform. This strategic move coupled with advantageous policy changes by Google regarding organic listings in Google Shopping, in addition to the boost to ecommerce overall during the pandemic and a growing online furniture industry, have all attributed to the business’ success.
The business has been growing and continues this year with sales up 220% in 2021 to-date over the same period in 2020!
Key Benefits Include:
Over 10 years of established vendor and shipping carrier relationships
Key vendors are not opening new accounts
Negotiated shipping rates with vendors and carriers due to volume
Low Overhead – no inventory, no warehouses
Streamlined operations for processing orders, answering sales leads, and mitigating claims
Specialized team of overseas virtual assistants specifically experienced in e-commerce for furniture and home goods
Business model provides for lots of liquid capital
Scalable IP for handling a higher capacity of data, vendors, orders and sales leads
High priority Shopify Plus member with dedicated support
Listed in HGTV magazine multiple times for a trusted place to buy furniture with over 21,000 reviews on Shopper Approved, TrustPilot, and Google Merchant
Basic Details
Target Price:
$7,125,000
Gross Revenue
$8,331,980
EBITDA
$1,583,076
Established
2011
Business ID:
L#20210198
Country
United States
Detail
Business ID:
L#20210198
Property Type:
Internet Businesses
Property Status:
For Sale
Target Price:
$7,125,000
Gross Revenue:
$8,331,980
EBITDA:
$1,583,076
Target Price / Revenue:
0.86x
Target Price / EBITDA:
4.5x
Established:
2011
Competition:
Competitive advantages include:
Relationships with hard to obtain vendors that do not want to work with big box stores
Proprietary marketing/sales strategies with IP
Ability to backorder items which many competitors do not
Growth & Expansion:
Building on its established foundation and tremendous performance, this business is perfectly positioned for a new owner to take the site to the next level of growth.
Some ideas for future growth include:
Social media marketing
Sell on 3rd Party Marketplace sites such as Houzz, Amazon and eBay
Google Keyword advertising
Build on the brand by importing furniture from overseas - existing factory contacts have been formed from but require minimum order quantities
Inventory items from Vendors – many upper echelon vendors will only work with retailers that hold some inventory
White label products to create branded line under company name – current vendors will white label products
Attend trade shows to bolster current vendor relationships and acquire new ones
Reach out to adjacent industries (kitchenware, table settings)
For sale is a long-established ecommerce retailer specializing in selling high quality furniture and home goods. As a 100% dropship model, the business is free of the capital requirements associated with stocked inventory. To streamline operations, the company has created a number of proprietary automation processes for order fulfillment, customer service and lead management within the Shopify Plus platform in combination with Google Workspaces. Custom code has also been developed to gather data from the vendors’ websites which is then adapted and allows products to be uploaded to the company web store quicker and more accurately than competitors.
Originally launched as a supplement in 2015 to eight other niche focused websites, the sites were all rolled into one in late 2019 to operate as the main business from that point forward and at the same time, migrated to the Shopify Plus platform. This strategic move coupled with advantageous policy changes by Google regarding organic listings in Google Shopping, in addition to the boost to ecommerce overall during the pandemic and a growing online furniture industry, have all attributed to the business’ success.
The business has been growing and continues this year with sales up 220% in 2021 to-date over the same period in 2020!
Key Benefits Include:
Over 10 years of established vendor and shipping carrier relationships
Key vendors are not opening new accounts
Negotiated shipping rates with vendors and carriers due to volume
Low Overhead – no inventory, no warehouses
Streamlined operations for processing orders, answering sales leads, and mitigating claims
Specialized team of overseas virtual assistants specifically experienced in e-commerce for furniture and home goods
Business model provides for lots of liquid capital
Scalable IP for handling a higher capacity of data, vendors, orders and sales leads
High priority Shopify Plus member with dedicated support
Listed in HGTV magazine multiple times for a trusted place to buy furniture with over 21,000 reviews on Shopper Approved, TrustPilot, and Google Merchant
Description
For sale is a long-established ecommerce retailer specializing in selling high quality furniture and home goods. As a 100% dropship model, the business is free of the capital requirements associated with stocked inventory. To streamline operations, the company has created a number of proprietary automation processes for order fulfillment, customer service and lead management within the Shopify Plus platform in combination with Google Workspaces. Custom code has also been developed to gather data from the vendors’ websites which is then adapted and allows products to be uploaded to the company web store quicker and more accurately than competitors.
Originally launched as a supplement in 2015 to eight other niche focused websites, the sites were all rolled into one in late 2019 to operate as the main business from that point forward and at the same time, migrated to the Shopify Plus platform. This strategic move coupled with advantageous policy changes by Google regarding organic listings in Google Shopping, in addition to the boost to ecommerce overall during the pandemic and a growing online furniture industry, have all attributed to the business’ success.
The business has been growing and continues this year with sales up 220% in 2021 to-date over the same period in 2020!
Key Benefits Include:
Basic Details
Target Price:
$7,125,000
Gross Revenue
$8,331,980
EBITDA
$1,583,076
Established
2011
Business ID:
L#20210198
Country
United States
Detail
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