Business Summary:
LISTING ID # 35720Take a look at this very niche and unique business. This business specializes in theatrical supplies (costumes, fabrics, makeup, wigs and accessories) nationally--selling on their website and the highly desired online e-commerce space. They are a full e-commerce operation with approximately 5,000 items in inventory, approximately 140K in inventory representing approximately 1M in retail sales. The business has a gross margin of just over 13%. The current owner has owned the business since 2017 and has helped become a registered vendor in over 70K schools across the US, which they consider their B2B sector. To help grow the B2C business, they've developed relationships with major online e-commerce sites and other third party marketplaces. This means that B2C growth is in the highly desirable FBM (major e-commerce retailer) model, while the core business of high barrier school systems represents a core recurring business year-after-year. This also means this is a year round business. It is NOT seasonal. This business is built on a modern day e-commerce stack that features inventory management, email management, amongst other features. They have automated our product syndication to major online marketplaces. With a world-class e-commerce stack, they are ready to grow whether you are in retail, your own website, e-commerce or third party marketplaces. In 2022, the business had just 6K of sales through a major e-commerce retailer. Closing fiscal 2023, the business had over 12X growth and is on pace to grow 200% in 2024. The systems are in place and ready to scale to the size that you desire. With recurring revenue, you get to learn and focus on adapting the business, without worrying about filling the funnel all over again. The business has been operational for 69 years (since 1955). The current owners have owned it for 6 years. The owner is willing to consider financing to the right buyer. The current owner seeks to sell in order to move on to other opportunities. This business can be moved and run from anywhere, making it an exceptional business to acquire. Do not delay! Call the broker Gary Meyn at 2109-912-0120 for more information.In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35720 for instant access to this business information.
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