Flippa
For Sale

GeekyGet

Business Model
e-Commerce
Industry
Home and Garden

$150,000

Asking Price
An established brand since 2014! GG is a store that has accomplished US$2.3M in sales over 4 years with over 600K social media followers.

Facts and Figures

Location
Singapore
Date of Founding
2014
Full-Time Staff
Owner Operated
Avg. Expenses /month
$43,000
Avg. Profit /month
$7,000
Avg. Revenue /month
$50,000

Business Description

We are an established e-commerce brand selling household, toys and novelty items to English speaking markets globally. We own inventory on best selling items which are fulfilled via a 3rd party logistics company and dropship the rest.

How does your business make money?

Our products are very affordable due to our discounted cost of goods sold from our suppliers.
AOV at $40 with amazing upsells and offers on our store.
Our repeat customers is consistently at approx. 16%. Getting your customers to repeatedly buy from you equates to less advertising dollars and higher margins! We have a loyal repeat customer base who have returned year over year as we have established a brand name for ourselves with exceptional service and massive social media following at 600K!

Why should someone buy this business?

We are an established brand that has built its reputation and customer base over 4 years!
Backed by solid statistics - CPA $17 / CLV $44 / Repeat Customers 16%!
All parts of the business have been automated and streamlined for the least amount of effort required to run it.
Currently it is only managed by myself + one part time VA, which provides excellent returns as only 10 hours of your time is required per week!All parts of the business have been automated and streamlined for the least amount of effort required to run it.

How can the future owner improve this business?

Loyal customer base is extremely hard to build and once secured, will result in high returns for many years to come! So future owner should focus on building onto the existing loyalty program rewards and optimizing newsletters to ensure repeat purchase from existing customers. This will bring in orders with EXTREMELY high margins (~80%) due to no ad cost required!

Business Strengths

  • Brand and Community Loyalty
  • Large Customer Database
  • Length of Operation in Niche
  • Lots of Repeat Customers

Opportunities for a new owner

  • Launch New Products
  • Improve Current Marketing Efforts
  • Increase Basket Size Per Customer

Key day-to-day operations

  • Customer Support / Service
  • Launching New Products
  • Content marketing

Marketing

  • Email Marketing
  • Facebook Advertising
  • Google Adwords

Inventory

Units
-
Value
$40,000

Assets

  • All Site Content and file
  • Customer Database
  • Trademarks
  • Warehouse

Social Media

Facebook
520K followers
Twitter
15K followers
Instagram
48K followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Private Seller

Bellen Tan

Taiwan, province of china

Starting and selling startups since 2010.
Selling off the company as I've joined another company with VC funding secured and per my contract; am not allowed to own side businesses.

Contact Seller