Project Description

SBA Pre-Approved.  28 year old Handmade Rugs eCommerce & Wholesale Business specializing in fine hand knotted rugs in both modern and tradition styles. Very strong reputation online and in the industry. Over 7,000 product SKUs available with average order value of $900.   70% sales generated online, 20% on the phone and 10% at the warehouse.  Good standing relationship with over 70 different suppliers. Owner manages supplier relationships and purchasing with all other operational activities handled by 8 full time employees.  Approximately 15,000 square feet required to operate business.  Diversified sales channels with 50% online retail and 50% wholesale. Online retail distribution includes Websites, Overstock, Amazon, eBay Wayfair, Houzz, etc. Target demographic is females between the age of 40 and 60, and upper-middle class to high net worth individuals. High growth opportunities include: international expansion, additional PPC Marketing, creation of an aggressive email marketing program, PR campaign, affiliate marketing campaign, etc. Owner will provide strong transition support and is selling for retirement. Owner is open to remaining employed as a part-time buyer or any additional help the new owner may have.

Financial Overview

  • 12 Month Run Rate – Revenue: $5,168,100 (August 2017 to July 2018)
  • 12 Month Run Rate – Profit: $974,931 (August 2017 to July 2018)
  • 2018 Revenue: $2,838,222 (January to July 2018)
  • 2018 Profit: $396,313 (January to July 2018)
  • 2017 Revenue: $4,896,221
  • 2017 Profit: $944,412
  • 2016 Revenue: $4,526,992
  • 2016 Profit: $854,122

Additional Details

  • Status: Currently Available
  • Employees: 8
  • Years Established: 1990
Asking Price: $4,750,000 including inventory (Approx Value: $3,500,000)
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