A SellerForce® offering, this online store has grown rapidly in the past few years marketing Fashionable and Limited Collection Watches, which have become favorites among their customer base in the US, UK, and Germany. Their luxury watches are popular for being available in different models and color schemes. Designed in Switzerland, their stylish catalog now includes 26 watches, and the company continues to look for ways to improve and innovate on the look of their timepieces. At an Average Order Value of $120, customers like the combination of style, design,n, and price, and the company is enjoying 40% profit margins on its sales. The company also enjoys high brand loyalty. Their Repeat Customer rate just shot up by 40%, and the company is shipping up to 200+ orders per month.
This business has performed particularly well with men between the ages of 25-40 who are looking for uniquely designed watches that are set apart from what competitors are offering. With a high level of strong customer service, these buyers are now routinely making up to two purchases annually.
This has quickly become a highly efficient and turnkey operation, operating on a 100% DropShip model that doesn’t require the new owner to invest in managing inventory or a warehouse. The company has a trusted relationship with its supplier, a manufacturer that can ship products worldwide. With a fast-growing customer base in three countries, this business is ideally positioned to expand quickly into new ones. Sales are vibrant throughout the year, with peaks around the holidays and particularly strong profits around the Black Friday and Cyber Monday online sales.
Because this business is so highly automated, the seller works as little as 5 hours per week, with most daily tasks managed by an experienced team of virtual assistants and contractors, who are available to stay on post-acquisition, ensuring a smooth transition.
The company has demonstrated skill at attracting new customers by running PPC ad campaigns on Google as their primary marketing channel, while also taking advantage of an email database with 22,000+ subscribers for upsells and new product launches. More recently, the company has taken advantage of the popularity of watches on social media platforms to launch a TikTok shop that is showing promising results.
With an experienced team in place to manage daily tasks, a major advantage to acquiring this business is being able to focus on scaling it. There are multiple options available, including expanding the number of product collections they offer, entering new markets such as the rest of Europe and Asia, partnering with influencers on social media to build brand recognition, and introducing a customer loyalty program. The company could also expand its sales channels to include platforms on Amazon and Walmart and explore opportunities for B2B sales to retailers and high-end jewelry shops.
Contact SellerForce today to learn more about this unique investment opportunity.
Listing ID: SF422
