Financing: $0.00 Down and 8% over 2 years
Reason for Selling:Not Enough Time to Manage
This in an online retail store committed to offering top quality merchandise for men. They carry over 30,000 items, including sporting goods, collectibles, electronics, DVDs, and video games. They are unique in that they are the only online store that caters specifically to men, offering products across many categories from sporting goods, to electronics, to video games, to sports autographs. The website brand name has been built up over the previous 4 years through an online presence and media coverage in major US newspapers, magazines, books, and radio stations. They have also run national television and radio campaigns in the last two years to strengthen the brand name. No inventory, warehouse or storefront is required -- the entire business run online with just a laptop. Although this business is currently based out of NY, it can be operated from anywhere in the world. The only reason for the sale is that the three partners owning the business have recently accepted full time jobs at a very large software company and no longer have time to manage and grow the business. They maintain a toll free number where customers can place orders by phone, 24 hours a day, 7 days a week, 365 days a year. They maintain working relationships with very reliable vendors. They have spent a great deal of time over the past four years building the business with vendors that can be relied upon. To date, the website has had processed over 10,000 orders. Two domain names are included as well with over 3.5 million page views in the previous 12 months. They maintain a presence on Amazon.com. They have their own homepage on Amazon.com, and offer over 150 of their highest-margin products on the Amazon.com website. There is also an existing client base that purchases advertising space on this website on a monthly or annual basis. This advertising provides a steady stream of pure-profit recurring revenue. The strengths are too many to list here.
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