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Online Furniture Store For Sale

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

€1m Turnover Online Furniture Store For Sale

Here is a unique opportunity to buy a market-leading, technology-driven retail business. The current owners have other business interests that he wishes to pursue

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 is in euros €803,753
Net profit is 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. It is a Magento based website on Community Edition 1.9.

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.

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

This business benefits from doing very little marketing was carried out in establishing this business. This is down to the fact that it initially serviced a long-established traditional furniture retail customer base. This has grown over time and now the majority of turnover is derived from the greater Dublin area.

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