Business Category: E-commerce
City/Region: Oakland County
Cash Flow: $139,903
This exciting e-commerce business is a turn-key opportunity for new ownership. The Business provides an online marketplace for bold, creative and colorful apparel. There is no limit to the variety of products that can be sold through the marketplace. Products are designed mostly internally, but also externally, offering ownership the ability to be creative, as well an ability to collaborate with artists across the globe and represent their designs online!
The Business benefits from low overhead, growing brand recognition, and so many opportunities in which to continue expanding and growing. The Business is very profitable.
While ownership has been focused on growing the business, the owners admit their attention has been divided among various business ventures. This has left a huge opportunity for new ownership to focus entirely on the business, and grow it even faster.
The Company’s current products include screen-printed tees, tanks, sweatshirts, hats and much more. The Business could be run by a new owner with a small office space and outsourced production.
Opportunities For Growth:
(1) Expand Product Line and Capabilities – The Company is interested in sourcing additional manufacturers and printing partners, such as those capable of printing on shoes and other apparel and accessories.
(2) Access a Global Market – The global tattoo market is a $50B per year business, which grew 19% in 2016. China’s tattoo market grew by 390% in 2017. There’s no reason that the Company can’t market, promote artists or sell products worldwide. The most immediate international markets that the Company would like to access are Canada, UK, and Australia.
(3) Artist Market: In the past year, the Company decided to pull down its apparel designed by artists on the Company’s website. This was due to time constraints on the owners. Reinstating the artist market could help reinvigorate artist involvement in the brand, which develops extremely loyal customers who advocate for the brand.
(1) Scalable Business Model: Ownership has watched the business grow tremendously, even while having attention divided between various business enterprises. Due to the Company’s scalable business model, focused, new ownership could have an immediate impact and drive profitability even higher.
(2) Valuable Brand: The Company has nurtured and developed an established brand in the growing tattoo community.
(3) An Evolved Company: The Company has already gone through a number of business model iterations and has arrived at a model that is viable, scalable and has great growth potential.
(4) Low Overhead and Unlimited Production Capacity: The Company has outsourced most of the product manufacturing, so it can focus on what it does best – marketing and promoting branded products to an online community.
Real Estate Available: N/A
Reason For Sale: Ownership desires to focus on another business venture that is also growing quickly and demanding more of their time.
Number of Employees: 3