Online Wig Business
Location Connecticut,United States
Asking Price Range < $250K
Gross Revenues $43318
Net Profit / Cash Flow $20790
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Other business interests.
Description This is a online web based business with great domain name and a niche product. Current owners are experienced brick and mortar business owners and their main business is a dry cleaners for many years. They purchased this in Apr 2007. They quickly realize they don't have time to learn web stuff and run both businesses simultaneously and decided to sell this one. Financials shows projected cashflow for 1 year. Good verifiable paperwork in place. The website sells ethnic beauty/hair enhancement products and supplies. It is ranked #1 on Google and #5 on Yahoo for specific/general key words. No pay points, repeat customer base. Average conversion rate is close to 30% . Profit margin is about 35%. About 700 products currently on site, many more to be added. 50% items are drop shipped. Mainly in the US, some special requests for outside US. Very profitable. (73% profit margin) No need for inventory, but warehousing items would make it even more profitable. Current owners can only allocate 100 SQ. FT toward the storage from their house. (500 SQ FT will be ideal) Many suppliers untapped. This site has GREAT potential, needs someone that has the time to dedicate to it. Contact for more information on this Online Wig business for sale.
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