Here is a unique opportunity to buy a market-leading, technology-driven retail business. The current owners have other business interests that he wishes to pursue.
This is a highly profitable business, with significant expansion opportunities given the large customer database, brand awareness and potential complimentary high street profile that this business has established over the years.
ANNUAL TURNOVER IS IN EUROS €803,753
NET PROFIT IS IN EUROS: €189,118
This e-commerce website domain is long established having been in existence since 2000. The latest version of the website was launched in 2012. It is a Magento based website on Community Edition 1.9. which is currently being upgraded to Magento 2
The store operates within Ireland and sells furniture products. The website contains over 20,000 products spread across 15 to 20 suppliers. The business owner has years of experience in furniture; his family has been in the industry since 1945, and have established a reputable family brand.
All Stock is sourced from UK & Irish wholesalers and is then shipped to homes and businesses across Ireland and perfect to increase income exponentially expanding it into the UK market
The products have different distribution streams.
Couriers are used for smaller items
The owner has his own vans to deliver larger items.
Certain items are drop shipped directly from the suppliers to customers.
The current owner took the business online in 2012 and has seen impressive growth
over the past 8 years, and is currently thriving under pandemic times
This business drives turnover through 3 channels:
1. In store
2. Telesales (Outsourced to India)
3. Online Sales
This business benefits from doing very little marketing was carried out in establishing this business. This is down to the fact that it initially serviced a long-established traditional furniture retail customer base. This has grown over time and now the majority of turnover is derived from the greater Dublin area.
This business operates from Ireland