Very Well Known Internet Retailer For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $750000
Net Profit / Cash Flow $59000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Owned
Training Available.
Reason for Sale Family commitments.
Description ICE GARAGE has started as a small ICE (in car entertainment) retailer in 2007 in UK. It has grown to become one of the largest US electronics on-line retailers. The move to serve US market rather than UK was dictated simply by the demand. We are focused on US and Canada at the moment but still offering world-wide delivery options on all of our products. ICE GARAGE is a Limited company registered in UK with an office in London, with a bank account and credit facilities. We operate from our warehouse in Los Angeles offering great variety of products at very good prices and fast delivery. The shop is fully maintained - stock is updated daily, orders are processed and dispatched and the customer support is only call away - for US and Canada customers it's free. I have enjoyed steady increase of income - in a good weeks this shop generates more than a $1,500 of pure profit and the worst week of last year it was down to just over $400. Profit from last year was a bit over $59.000 with turn over of $750.000 and it has the potential to double it this year.
These figures are for the shop alone - there's a still untouched possibility of opening shop on eBay, shop.com and many more shopping websited which would simply increase the sales without major financial outlay. I would expect a serious offers of over $50.000 but I am open to suggestions and I know it could be hard to come up with this sort of money in today's times. Please remember that you not only buying an internet shop - you are buying a well established brand with great marketing potential. Don't forget to visit the website: icegarage.com. Please email any questions about this In Car Entertainment business for sale.
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