Kitchenware, Home, Beauty
Kitchenware, Home, Beauty
1st of July, 2017
(5 years 5 months old)
Assets Included in the Sale
This listing is for an Amazon FBA business created in July 2017 in the kitchenware, home, and beauty niches. The included Amazon Seller Central account is registered with Amazon Brand Registry and features 53 SKUs for luxury crockery and baby safety products. The best-selling SKU has 1,000+ reviews with a 4.7-star rating and all other products have hundreds or thousands of positive reviews. The TACoS for the business is 3.87% and the COGS is 25.8%. The business has a strong earnings history and has experienced year-on-year growth in sales and net profit.
The business earns a small percentage of sales through Shopify (>1%). It also earns a tiny amount of revenue through affiliate links.
There are 5 suppliers all located in China. For USA orders, inventory is sent to an Amazon Warehouse and a 3PL in Oakland; for Canadian orders, inventory is sent to an Amazon Warehouse and a 3PL in Montreal; for UK orders inventory is sent to an Amazon Warehouse and a 3PL; for Australia orders inventory is sent to an Amazon Warehouse. There is a shipping agent partner associated with the business who coordinates orders from all 5 suppliers and ships them out in the cheapest way possible. The shipping agent has their own warehouse in Shenzhen where they combine the orders from different suppliers.
There is a team of employees helping run the business, consisting of a VA from Bangladesh who carries out customer service and general Amazon and non-Amazon tasks, a VA from Pakistan who works on Amazon listings and carries out other Amazon technical tasks, a VA from Bangladesh who monitors PPC campaigns, and regular freelancers for creative design (based in Croatia) and 3D modeling (based in Russia). All of the VA contracts will be included in the sale, but there are no contracts with the freelancers. None of the employees are aware of the sale, but they will be continuing with a new owner.
*As the business generated sales of more than $75,000 on the Australian marketplace in 2021, it would have been required to get registered for GST and pay/collect GST in 2022. The sellers haven't registered the business yet but will do so soon. An expense for GST in Australia was added from January 2022 onwards.
**There is currently one loan and a credit line associated with the business.
***In 2021 the sellers used two other Amazon FBA accounts to sell SKUs from this business due to strict inventory limitations. This only happened for a few weeks. Further details can be provided to Unlockers who schedule a call with the Sellers.
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The Seller is willing to offer 30 days of email support and 2 calls to ensure a smooth transition of the sale.
The Seller would like to focus on other projects.
Work Required Per Week: 22 Hours
Private Blog Network (PBN): No
Domain Type: None
Platform: Amazon FBA
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