Wedding Supplies Internet Business With Motivated Seller For Sale

Business description

This is an Internet business that sells high-end wedding and party supplies to customers all across the U.S. and even internationally. There are 2 domain names, and the main products sold include party favors and ribbons for weddings and holidays. As a truly home-based business, it can be run from any location. The current owner currently rents a small warehouse to store the inventory, but the location can be easily moved. Established in 1998, this business has accumulated over 6,000 customers with around 1,000 customers making purchases on a regular basis. The web sites currently receive on average 5 orders per day. The ordering interface is user-friendly, and it allows customers to order free samples of various party favors, which generates a lot of business. Unlike its competitors that require orders of large quantities, it is the only web site that allows customers to try out ribbons by the yard, thus bringing in more customers. This business has been featured in Better Homes & Gardens Creative Weddings magazine, Seattle Bride magazine, Bridal Guide magazine, Bride by Demetrios magazine, Star 101.5 FM Radio, and Seattle Q13 Fox Morning News. The owner also writes articles and blogs on the web sites to promote specials and educate customers. There are currently 30 to 40 suppliers, and the owner has imported products from Italy and India as well. The owner does not have a computer background, and the inventory on the web sites is easy to maintain. The owner used to work in the business full time and answered customer questions through phone and e-mail. In 2007, the owner started her new book, only worked in the business part-time, and did not take any customer phone calls. A new owner with more time can start taking customers’ phone calls and immediately increase sales and profits. The value of the inventory ranges between $50,000 and $54,000, and the asking price for the business including inventory is $50,000. The owner is practically giving her business away, because she is now starting her second book and wants to move on. Make offers!

Property information

Location:

There is no computer server to maintain, because the web sites are on shared hosting. The owner works from home, and rents a 400-square-foot storage space for $500/month on a month-to-month lease, which can be terminated anytime. Currently, the storage space is not even fully utilized, so a new owner can immediately put an extra $500/month in the pocket if he or she has some extra storage space at home.

Other information

Expansion potential:

Since the owner worked part-time in 2007, she has stopped doing the following: monthly newsletter, press releases to magazines, trade shows, print advertising, brochures and catalogs, taking customers’ phone calls, creating customized party favors, and cross promotion on the Internet. Revenues can grow dramatically when a new owner implements these again. Additionally, the wholesale division of the business could be grown. The owner has received hundreds of inquiries from wedding coordinators but has not pursued this opportunity. Finally, the owner has not done search engine optimization, which could massively increase business if implemented.

Competition / Market:

This business demonstrated 2 to 3 times its current revenues when the owner worked full time prior to 2007, so we know that the revenues can easily double or triple when a new owner works full time. The owner currently only works 10-15 hours a week. By offering excellent customer service and taking the customers’ phone calls, this business is primed for growth.

Support & training:

Negotiable.

Reasons for selling:

Owner wants to spend time working on her second book.

Financing available:

Cash at closing.

Furniture / Fixtures value:

$2,000

Inventory / Stock value:

$50,000

Contact the seller