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Exciting opportunity to purchase a well established Online Furniture Store that has experienced a 100% post covid increase in sales, and thriving
This is a strong business even in a pandemic as more people are buying furniture from home
This is a unique opportunity to buy a market-leading, technology-driven online business
With significant expansion opportunities given the large customer database, brand awareness and potential complimentary high street profile that this business has established over the years.
Annual turnover in euros €2m
Net profit in euros: €189,118
Current turnover @ €350,000 per month so heading for €4.2m for 2021
This e-commerce website domain is long established having been in existence since 2000. The latest version of the website was launched in 2012. the owner has recently upgraded to Magento 2 based website
The store operates within Ireland and sells furniture products. The website contains over 20,000 products spread across 15 to 20 suppliers. The business owner has years of experience in furniture; his family has been in the industry since 1945, and have established a reputable family brand.
Database includes over 70,000 emails and 20,000 contact numbers with 10,000 Facebook customers
Potential to market other products to existing database
All Stock is currently sourced from UK & Irish wholesalers and is then shipped to homes and businesses across Ireland.
The products have different distribution streams.
Couriers are used for smaller items
The owner has his own vans to deliver larger items.
Certain items are drop shipped directly from the suppliers to customers.
The current owner took the business online in 2012 and has seen impressive growth
over the past 8 years, with 2020 being the best trading year due to covid, and is thriving
This business drives turnover through 3 channels:
1. In store
3. Online Sales
This business benefits from doing very little marketing, and has very low overheads
The website is ranked high on google, specifically in the Dublin, Cork areas and has a .co.uk and ni domains and perfect to expand into the UK and Northern Ireland markets
This business will be sold when it hits a turnover of €5m and all serious enquiries are welcome
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