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3 y o Growing eCommerce Preowned & Refurbished Smartphones in Ireland. Net Profit of £5k p mo

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3 y/o Growing eCommerce - Preowned & Refurbished Smartphones in Ireland. Net Profit of £5k p/mo3 y/o Growing eCommerce - Preowned & Refurbished Smartphones in Ireland. Net Profit of £5k p/mo3 y/o Growing eCommerce - Preowned & Refurbished Smartphones in Ireland. Net Profit of £5k p/mo3 y/o Growing eCommerce - Preowned & Refurbished Smartphones in Ireland. Net Profit of £5k p/mo
  • Status

    FOR SALE

  • Date Submitted:

    26/08/20

  • Advert ID

    264159

  • Asking Price: £105,000
  • Turnover: £400,000
  • Net Profit: £60,000

Website was established in March 2017. It is an online retailer of refurbished and preowned smartphones and tablets. It currently targets the Irish Market.

- Turnover €400,000 per annum
- High repeat customer rate of over 10% - Above average for the refurbished smartphone segment.
- Growth - revenue has increased by 221% YOY.
- Excellent Rating on Trustpilot (4.9 from 445 verified reviewers)
- Business can be run from home office or business premises.
- Massive Potential for further growth and bigger Profits.

Website has over 445 verified reviews and an Excellent rating on Trustpilot. This demonstrates the quality of devices and business model developed by us. Customers rely on verified reviews when buying a high-end product online.

The day to day running of the business is conducted by two persons. I operate the back-end (i. E) Website, customer service, etc. A colleague conducts the testing and repairing of devices if required.

We advertise our business with Google Ads and Facebook. Our main platform is google ads. Facebook advertising spend is limited.

The Facebook pixel is installed in our Shopify store

ROAS on Google Ads is approximately 10-1

The Shopify revenue from our store has increased by 221% YOY. It is expected this trend will continue throughout the year.

The busiest time for our sector is the Xmas period. There is an explosion in online sales during this time. Website has been strategically positioned to take advantage of the upcoming Christmas season.

We believe there is a big potential to take advantage of the boom in refurbished smartphone sales by entering the European and USA markets using our Shopify store.

There is room for higher profits by adding a selection of android phones and accessories to the website.

The Worldwide Market for Used Smartphones Forecasts to Grow to 332.9 Million Units with a Market Value of $67 Billion by 2023, According to IDC.

With our seamless Shopify store and verified reviews, website is optimized to make someone very happy this Christmas.

We have recently added to buy it now and pay later service. This option allows a customer to pay for their product by installments. A credit card is required if the customer chooses this option.

We have three reliable and trusted suppliers. Two of our main suppliers are based in the USA. Our third main supplier is based in Europe. We have been dealing with the suppliers for over three years. We have access to other platforms where we can buy devices from wholesale markets worldwide.

I am selling this business as I have upcoming family and educational commitments which will hamper the time I can commit to running the business.

I am also involved in running a second online business and will not have time to commit to all of the above in the coming months.

The business would be perfect for any online retailer who wants to penetrate the rapidly growing refurbished smartphone market.

With our established brand endorsed by our Trustpilot reviews, buyers will not hesitate to buy from this store.

We are optimally positioned to take advantage of the upcoming Xmas sales boom.

It would be a major benefit to any person who could scale the business internationally. Ireland is a small country and website has excelled. It is in its infancy and the best has yet to come.

Inventory

Stock is not included in the sale price but can be purchased in a separate transaction. We usually hold approximately 200 iPhones in stock at all times.

Sale includes the following.

Brand assets
Customer databases
Domains
Existing manufacturing relationships
Hosting accounts
Relevant email accounts
Social media accounts
Vendor contacts
Website files, source code, and content
E-Commerce platform accounts
Google Adwords
Social Media

Facebook: 850 followers

Post sale support included.

Read more

Buy a company report for this business

Risk Score, Credit Limit, CCJs, Mortgages & Charges, Director & Secretary Timeline, Shareholders, Ownership & Group Structure and more.

  • Established Business
  • Home Based
  • Accounts Available
  • Attractive Business
  • Small Business

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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