145% YOY Growth: Leading Auto Wheels, Tires, and Accessories Online Retailer
This is a leading online retailer and it is 8 years old. It deals with the sale of Wheels, Tires and Auto Accessories with 145% YOY growth rate over the last year. The company is opening its website portal to sell Auto Accessories apart from Wheels and Tires. Its website holds a 4.9 Star rating on both Google and Top Rated Local. It offers over 200,000 products with strong relationships built with a large number of vendors. Currently, it has started working with Channel Advisor and Amazon also. The company has just started to offer products on Amazon platform.
OPERATIONS
It is a fast-growing company that deals in selling of Wheels and Tires and auto accessories. It offers several products related to automobile. Currently, it holds a 4.9 star rating on both Google and Top Rated Local. The business offers over 200,000 products on its website with strong relationships in place with a large number of vendors. Recently, the company has started to work with Channel Advisor and Amazon to begin offering its products on the Amazon platform with Buy Box controls in place.
The company is well-equipped with supply and logistics to cater to the requirements of its customers. Its experienced team ensures that the products are delivered on time, and the company maintains high standards for all its deliveries.
MARKETING AND KEY METRICS
The company’s major marketing strategy is to build strong relationships with a large number of vendors and provide high-quality Wheels, Tires, and Auto Accessories to its customers. It is also working with Channel Advisor and Amazon to increase its online presence.
Currently, it is working with Channel Advisor and Amazon to expand its sales channel and increase its online presence. It has just started offering its products on the Amazon platform with Buy Box controls in place and this is expected to double the size of the company over the next 2 years.
The company has 145% YOY growth rate and over 200,000 products on its website with a 4.9 star rating on both Google and Top Rated Local. It has started working with Channel Advisor and Amazon to expand its online presence. The company has strong relationships built with a large number of vendors.
The company targets mainly automobile lovers and people who want to buy Wheels, Tires, and Auto Accessories. Its website offers more than 200,000 products to cater to different customer requirements.
BUSINESS MODEL & RESOURCES NEEDED
The company has a highly trained workforce of 8 employees with an effective redundancy plan in place, allowing for a smooth transition to new ownership without any loss of momentum.
THE INDUSTRY
The company falls under the eCommerce category and deals with the sale of Wheels, Tires, and Auto Accessories. The revenue for the US Wheels & Tires industry is expected to show an annual growth rate of 3.18% (2020-2025). Some of the major competitors for this particular industry are The Tire Rack, Discount Tire, and Goodyear Auto Service.
OPPORTUNITIES TO SCALE
This online business offers tremendous growth opportunities, including off-website expansion, and immediate penetration into the Amazon.com marketplace. With Walmart, Jet and eBay also being players in the Automobile industry, this company has a big value proposition for scaling across the board.
Asking Price: $5,950,000
Gross Income: $12,060,580
Cash Flow: $1,371,192
Year Established: 2010
Employees: 8
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