ONLINE RETAILER OF ADULT PRODUCTS
Location : Relocatable
Asking Price : £495,000 plus SAV
This online business sells high quality branded adult products to a large database of new and historic customers. Three top selling products are manufactured exclusively for the business by two reliable and long standing Chinese suppliers. A wide range of third party products are also sold, making up 300+ different items in total.
The current owner uses the services of a relative’s warehouse for a full picking, packing and despatch service at £2,000 per month + VAT. The owner processes all orders himself up to warehouse stage, so there are no direct employees.
The owner has a provisional agreement in place to move all stock to a fulfilment warehouse in December 2019. The fulfilment company operates software that links directly with the online website to auto process, pick, pack and despatch orders without any direct employee or staff involvement. The quoted cost of this service will be less than the current £2,000 per month paid for warehousing, packing and despatch.
Reason For Selling:
The 66 year old current owner has developed serious health issues over the past two months that necessitates a sale.
The owner may be willing to finance a small part of the selling price at standard business loan interest rates, fully secured on the business and website assets.