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Dropship Ecommerce Furniture Business
Location: United States
Industry: Technology – Internet Related > E-Commerce and E-Tailers




Business Summary

Currently, the revenue of the worldwide ecommerce furniture industry is valued at $329B and is set to grow consistently at a 3.5% CAGR over the next 5 years. Globally, ecommerce has taken the furniture market by storm to now account for 16.4% of all retail sales as well as 10.7% of American furniture sales domestically. This means that the annual global revenue of digital furniture purchasing is set to reach $6.5 trillion by 2023 alone.

In addition to industry forecasted growth trends, the impact of the global pandemic has been beneficial for ecommerce in general and the online furniture industry in particular. While people had already been buying more online and becoming comfortable with purchasing bigger ticket items via the internet, the pandemic has greatly expanded this trend. The restrictions and ongoing safety guidelines that have come with the pandemic throughout the year have brought a shift in consumers long-term buying habits hugely increasing the potential for this business.

This well-established ecommerce niche furniture retailer specializes in providing products of the highest quality possible, creating a carefully curated selection of elegant, well designed home décor products from both domestic and international brands. Since inception, this business has processed thousands of orders utilizing a dropship model. With no physical inventory to stock, not only does that mean office space is not needed and the business can be home-based, but it also means no working capital tied up in inventory. This business is run by two owners who handle organizing orders, customer service, shipping and managing the financial tracking, working approx. 35 hours per week, split between the two.

This furniture e-retailer continues to experience growth with sales up 55% and profits up 275% for Jan-Oct 2020 over the same period in 2019. Additionally, with an average monthly traffic rate of 15,000 visitors per month as well as a 23% rate of returning customers, word


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,784,063
Cash Flow:   $269,274
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700366268
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Related Searches: Application Service Providers  >  E-Commerce and E-Tailers  >  Internet Service Providers  >  Web Design and Software Development  >  Other Technology - Internet Related  > 

Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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