Profitable London-Based Online Dropshipping Store Specializing in General Items, Furniture, Electric Scooters and Toys for Sale
Undisclosed, London
- Status
FOR SALE
- Date Submitted:
07/08/21
- Advert ID
280808
- Asking Price: £90,000
- Turnover: £177,500 (£3,413 Per week)
- Net Profit: On request
Key Features
- Home Based
- Unique Business
- Company for Sale
- Attractive Business
- High Turnover
Business Details
Online Dropshipping Store General, Furniture, Electric Scooters, Toys Etc
We are a dropshipping business in which we hold no inventory that was formed while studying at university. We have been operating for a year and six months in which we had a very successful 2020 with gross revenue of £189,490 ($262,464) and net revenue of £145,014 ($200,860). To date, we have gross revenue of £316,251 ($436,255.89) and net revenue of £206,477.51 ($286.132.73). The best thing about this business is it hasn’t scratched the surface on potential. As we only targeted the United Kingdom and also only used One source of advertising using Google Ads spending only spending £79.7,000 to see over a 3X ROI. The reason for selling is that don’t have the capital to maintain and let the store reach its full potential. During the Christmas/new year Lockdown period we had a logistics and supplier issue in the United Kingdom which caused us to have to refund orders. Since then there has been no more issue with the logistics as orders have been able to be processed and delivered to customers in a quick manner. It is just that being finish studies, We don’t have the funds and finances to effectively run the business to its full potential which is why we are willing to sell. With the numbers made with this store just in the United Kingdom, adding the United States and the correct advertising will definitely make this store generate over $1M in less than two years.
Once the sale has been made I am also willing to help the buyer for the first three weeks on how to sort out the ads show you techniques from product research, supplier research, and how to handle the ads.
Contact me for more information.
Website
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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. Reset 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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