Diversified Internet Electronics & Audio Retail Business: A Unique Opportunity
This is a retail business that specializes in selling high-quality audio equipment for cars and homes. The company operates both as a B2B wholesaler and a DTC eCommerce storefront, offering a diverse range of products to suit the needs of value-conscious customers who seek high-quality audio equipment. The company has established relationships with long-term overseas suppliers that largely manufacture its products.
OPERATIONS
The retail business primarily operates as a B2B wholesaler with a growing DTC eCommerce storefront. The company has a reliable supply chain network, enabling it to offer quality audio equipment to customers at competitive prices.
The company’s products are manufactured by overseas suppliers, and it has a fleet of forklifts and vehicles to help with offloading within the Brooklyn, NY warehouse.
MARKETING AND KEY METRICS
The business marketing strategy revolves around increasing its web presence by developing the company’s online retail component. The plan is to take sales and margins to the next level, considering that this business is 100% relocatable and can be operated from anywhere.
The business has huge potential for growth through its DTC eCommerce storefront. Additionally, there are potential growth opportunities in expanding into other markets and developing new product lines.
The key metrics for this business may include gross merchandise sales, gross margin, net profit, customer acquisition cost (CAC), customer lifetime value (CLV), and inventory turnover.
The company targets value-conscious consumers who prefer high-quality audio equipment. It also serves other businesses in need of audio equipment, including DJs, cinemas, and churches.
BUSINESS MODEL & RESOURCES NEEDED
The company has seven employees that undertake various responsibilities, including sales, marketing, logistics, and customer service.
THE INDUSTRY
The retail industry constitutes businesses that sell physical goods, including stores, kiosks, carts, and eCommerce platforms. Some examples of companies in this industry include Walmart, Amazon, Target, and Home Depot. This business specifically operates in the electronics and audio retail industry, selling equipment primarily to value-conscious consumers.
OPPORTUNITIES TO SCALE
This business offers an opportunity for the right buyer to scale operations and take sales (and margins) to the next level by developing its eCommerce storefront. Expanding the business into other markets and developing new product lines may also contribute to growth.
Asking Price: $500,000
Gross Income: $1,120,000
Cash Flow: $420,000
Year Established: 1974
Employees: 7
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