Business
Please quote reference B07111

CoGoGo are delighted to welcome to the market Algorithum LTD, a highly rated skincare business for sale.

The business opportunity was established by our clients in 2020, and has already built up an excellent reputation and loyal client base. 

Only now has the business come to the open market due to our clients other commitments. The business has ceased trading, therefore no stock is included in the sale. The business is ready to sytart trading again with customers and suppliers contact details included in the sale. 

Algorithum LTD is an online cosmetics platform that specialises in skincare products and have the following three core values – 

• A Safe Space to Shop – They believe that their customers deserve a safe space to shop that is free from pressures and overwhelming content. At Algorithum, they are real, authentic and they provide a space for you to shop beauty with a calmer and more considered approach. 
• Real Skin – All their images and videos you see are not filtered, photoshopped or edited. They are about normalising skin texture, again ensuring that all consumers feel safe in the knowledge that there are no unrealistic expectations here. 
• Going Against the Grain – It is all about doing what works for you and not following trends. Our clients say it’s time to create your own Algorithum.  

Key selling points –

• Unique e commerce cosmetics platform with an already established customer base.
• Over 3k followers on Instagram.
• Loyal following.
• This is a “what you see is what you get” sales model. The ethos of the company prides itself on transparency and only selling cosmetic products that really do what they say and deliver results.
• The aesthetic is of an “undone” / “Parisienne chic” look where makeup and cosmetics are not intimidating and are inclusive of everyday people with busy lives.

Scope to improve –

• Expand on the large customer base in place
• Look at introducing products.
• Push marketing/advertising

Both our clients have advised that they would be open to working with the new owner(s) on an influencer basis – helping to market products being sold.

Location
N/A

Premises
N/A as the business trades via an online e-commerce platform. 

Tenure
We are advised that this opportunity is being sold on a Business Only basis. 

Hours
Due to the nature of the business, it operates 24/7. 

Staff
We are advised that the business is run and managed by our clients. 

Financial Profile
We are advised as per the 2021 accounts, Algorithum LTD generated a turnover in the region of £46,000. Further financial figures can be made available upon request.