Rapidly Scaling Men’s Dress Shoe Company – $80+ AOV – 97% Positive Seller Rating

Asking Price:
$190,000
Sales:
$555,356
Profit:
$75,544
Year Established:
2020
Multiplier:
2.5x

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A SellerForce offering, this eCommerce brand for men’s dress shoes has experienced rising sales and stands out by combining sophistication and casual style into each handmade shoe. Their top-quality men’s dress shoes range from wingtips to orthopedic designs with the goal of providing an attention-grabbing look while maintaining a cozy fit. This brand appeals to men who desire that luxury look through powerful exclusive offerings and timeless style.

The dress shoe market is virtually unrivaled today with the global footwear market standing at a whopping $365.5 billion value in 2020 and projections that put it at $530.3 billion by 2027. The market for formal shoes is consistently climbing to unimaginable heights that this up-and-coming offering could impactfully use to scale. With unique, premium offerings in enviable styles and colors, this niche company is well designed for rapid growth.

One of the most promising scaling opportunities for this business would be to tap into the avid audience that social media offers. With billions of people now shopping on social media sites like Facebook and Instagram, finding the perfect approach to social media management provides a fantastically profitable path to increased sales and exponential brand awareness. Keeping a constant eye on evolving fashions and purchasing platforms, this brand has set its sights on expansion through the eCommerce giant, Amazon, as a potential route to raising profitability for this stunning shoe label.

Established in September 2020, this brand is comprised of professionally handcrafted men’s dress shoes made from the finest, most durable materials on the market, providing customers durable comfort and style. After years of buying from luxury shoe brands that had “the look” but lacked the leisure, this company’s founder set out to solve that problem  ̶  with great success.

Working as both owner and operator, the current CEO invests 20 hours per week addressing customer inquiries and handling marketing and distribution. In partnership with their current manufacturer and shipping from their home office, they can fulfill all customer orders comfortably within a week. The owner currently keeps a small inventory on hand with the rest being made per order. An experienced new owner could increase their inventory on hand to decrease the shipping time and drive increased consumer interest.

With an average order value of $80.58, this promising company has quickly fulfilled 2,474 orders within just 6 months of operation. Generating nearly a quarter of a million dollars in revenues along with a 97% positive Seller Rating in such a short time demonstrates the tremendous growth potential of this premium shoe brand.

With the footwear industry growing rapidly, this brand is perfectly positioned to scale as it sets out to meet rising customer demand for products that bring quality, comfort, and fashion to the forefront of function. An easily scalable brand, this eCommerce shoe store for exclusive, handmade products could quickly grow with the proper budget for media engagement, SEO campaigns and influencer partnerships. There is also opportunity to branch out to other seller platforms in this untapped shoe market such as Amazon and Pinterest that could more than double current sales.

A promising investment for any level of buyer, this company leverages an evergreen, premium product to deliver unshakable potential. A great jumping off point for a business minded new owner, this company could prove an invaluable steppingstone to lasting success.

 

Listing Number: SF11

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