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Income Generating Online Furniture Store For Sale

Ireland
Asking Price:
€670,000
Turnover:
€500K - €1M
Net Profit:
€250K - €500K

Exciting opportunity to purchase a well established Online Furniture Store

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 retail business

Business description:
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 €803,753
Net profit in euros: €189,118

This e-commerce website domain is long established having been in existence since 2000. The latest version of the website was launched in 2012. Over €25,000 just spent upgrading 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 30,000 emails and 20,000 contact numbers with 10,000 Facebook customers

All Stock is 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 7 years, and is flying in Covid times

This business drives turnover through 3 channels:
1. In store
2. Telesales
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

A great opportunity to expand to NI & UK and multiply revenue

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