Melbourne, Victoria 3000

eCommerce Business - Online Household Electronics & Appliances

For Sale | $1,650,000 + SAV

Homeware/Hardware Homewares/Hardware Internet

This highly profitable online business sells a range of household electronics, appliances, and homewares. Selling via own website, eBay, and Amazon the business has seen significant growth (56% year-on-year) and is currently achieving monthly sales in excess of $400,000.

P&L figures based on current trading performance:
- FY20 Sales $4,066,751
- FY20 EBITDA $408,286

ASKING PRICE $1,650,000 plus SAV (approx $250,000). Genuine buyers only with pre-approved funding.

OVERVIEW
- Founded in 2013
- Stock is sourced daily from 5 local suppliers
- Business is 5 days per week, Monday to Friday
- Stock is delivered to warehouse daily from suppliers, dispatched daily to customers (via Australia Post)
- Current owner responsible for inventory and warehouse management, supplier relations, inventory ordering
- Owner assisted by two staff members (1 x Customer Support/ Database Management, 1 x Driver/Packer Warehouse hand). Two hands on owner operators working together could run business themselves, thereby incurring no external wage costs
- Currently operates from a small warehouse located in Melbourne. Can be relocated to anywhere in Australia, or remain in existing location on excellent lease terms

ABOUT
- Single source for all home appliance and homeware needs.
- Wide variety of products offering products from the biggest names available in the market.
- Specialising in major brands, the business stocks high end products at low prices
- Extensive range of products are sourced direct from local Australian suppliers.
- Provides customers with prompt and dependable customer service, fast delivery and postage, and very competitive prices.

STRENGTHS/ BENEFITS
- Business is easy to run and requires minimal external resources
- Strong supplier relationships in place with five local suppliers
- Can be operated from anywhere in Australia
- Perfect business for a couple or partnership
- Has seen huge growth in recent months (sales up 95% for March to June 2020 compared to same period 12 months prior)

REASON FOR SALE
Current owner is retiring

Contact Cameron Ryan on 0411 145 114 for a confidential discussion about this business. Please quote reference BR1336.

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Cameron Ryan

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Overview

This Homeware/Hardware Business is one of 164 businesses for sale in Melbourne City, Victoria, and one of 1 Homeware/Hardware Businesses in this region that a business for sale currently has on offer. This Homeware/Hardware Business is for sale in Melbourne City for the asking price of $1,650,000 + SAV and has been on market for less than 3 months.