Online jewellery and accessories / gift business

  • £29,500
Hargher Street, Burnley, UK

Business Overview

Business ID: BTC21011
  • Internet & Online Business
  • Business Category
  • 2018
  • Year Established

Business Details

  • Business ID: BTC21011
  • Price: £29,500
  • Business Category: Internet & Online Business
  • Business Status: For Sale
  • Business Type: Freehold

Additional Business Details

  • Ave turnover : £44000
  • Nett profit : £14500

Business Description

Set up in 2018, the business was set up as a sideline. After considerable product sourcing and effort, it has now got too big for me really as I work full time.
The business has a thriving Etsy store with 11000 plus reviews, well researched product lines and it also includes a new website which I had built earlier this year.

There are about 550 lines, which provide selling opportunities throughout the year with Christmas, Easter and Mothers Day being busy times.

Turnover each month to Christmas reaches up to £9000, so being well established it offers a good opportunity for someone who is looking for a new business or who wants to add to their business a massive head start.

Nett profit last year and this year was approx £14,500 with very few overheads. A spare office or room is all you need to operate it.

The business sells a mix of sterling silver jewellery – with popular lines and guidance available on what sells and more modest budget lines like brooches with good margins as well as some vintage lines. It also sells high quality pop up cards.

There is approximately £10,000 to £12,000 of stock (purchase value not retail) and with 40 to 60% margins on some products it offers a buyer a great opportunity. The stock includes 550 lines including all the jewellery lines, accessories and cards in full.

Important to note that profits would have been much higher without my aggressive stock purchase strategy but this is a benefit to the buyer as you are getting a fully stocked store

The business can be relocated easily as it’s all online and I am happy to transfer ownership of it in full including the Etsy store

The new website I had built is on Shopwired and will be transferred along with the logos etc that I had professionally designed as well as the domain and any boxes, leaflets and packaging.

I have a great full-time job but just don’t have the time or inclination to keep running this business but it’s too big and successful to simply close down. It deserves attention. This is the only reason I am selling and I am happy to show you the accounts so you can see it’s profits clearly for the last two or three years.

The Etsy store is highly successful and that alone will turnover £36k or so a year. I did look at putting an Amazon and eBay store together but just don’t have the time. But it’s an option to the buyer to add to your profits

The business requires about 15 hours a week roughly, making it a good part time option for anyone looking for extra income. Again, once transferred you’ll get sales from day one. I get orders every single day – no quiet days – just busier when Christmas hits. So you are not buying a stagnant business. It is operating fully now

all you will need is a computer and printer

 

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