Facts and Figures
Premium Quality Supplies Storefront sells 7 products which range from sports products to prevent injury right through to some beautifully designed arts and crafts products. The storefront has been profitable since it began in 2015 and has experienced steady growth.
- Admin- 10 hours/Week
- Customer service - 24/7
- General operations- could vary, when needed
- Technical operations – 5 hours per week
- All tasks are done by the owner of the business. Spent almost 10-15hr/week
- No freelance services has been used.
- 18+ Men/ Women
- Amazon is the only operating leverage at the moment, which gave us quite good results.
- The Degree of Operating Leverage (DOL) in sales is 14%-15%, which for us is a very good ratio.
- If proper time is given as mentioned above, it could give anyone significant growth even to the new sellers on Amazon FBA Platform.
Additional Answers (if relevant)
- No website
- The business has an inventory and the prices are included
- All inventories are kept in Amazon
- The payment terms with the supplier(s) are only via Cash or Payoneer
- They have an inspection team in China and literally does everything on behalf of the owner
- The average lead time from the day order is placed until customer receives the goods is 2 days
- The site’s average refund/return rate over the last 12 months is <1%. Issues include: wrong item was purchased or they simply changed their mind about buying.
- There is no mailing lists included in the sale.
- There are 3 brands included in sale: Chief Gear, Art Magic and Art Elite.
- The owner has other internet-based businesses related to the website being sold
- The owner is willing to sign a 3-year non-compete contract in the industry that the website operates in.
- There are geographical limitations to the potential buyer of the business, i.e. they need to be based in the USA to handle customer enquiries or to take over the financial and other accounts.
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Aadarsh has done his Post Graduation from Anglia Ruskin University Cambridge, United Kingdom. Currently, he is working as a Police Officer.