Online store for sale in the fashion field

Online store for sale in the fashion field
Business broker
Mara Cristina Spătaru
București - Romania
0771215633
Selling price: 55.000 EURO
Annual turnover: 3.728.467 EURO
Real Estate Value 0 EURO
Operating profit (EBITDA) 96.936 EURO
County / City: Bucuresti
Country: Romania

Short description

Online fashion store for sale with 9 years of presence on the specific market, during which time it has seen a steady growth in turnover and an expansion to 3 other EU countries. This vision is materialized in one of the business objectives: the presentation of the products of this online store to potential customers from as many EU countries as possible.

Since 2015, the business has grown both in terms of number of employees ( 14 in 2023 ) and in profit, and at the time of this analysis - September 2023 - is in the process of implementing the NetSuite automation system ( ERP ) from Oracle.

At the end of last year, unprofitable investments were made in the opening of the fifth country, and at the beginning of this year there was a desire to set up a new work point, actions that have economically destabilized the company. This leads to a negative adjustment of the sales price compared to the analysis carried out on the indicators at the end of 2022.

Products and Services

The online store presented for sale on our platform offers customers affordable clothing, footwear and accessories ( bags, backpacks, wallets, etc ) for women and men. Product suppliers are from Asia ( Turkey, China ) and the EU.
The services offered are those specific to an online store:
- easy shopping with cash on delivery or online card, through the Stripe processor;
- courier delivery;
- return services.
According to another business objective assumed by the whole team, they want the experience of every shopper in this online store to be as pleasant as possible, which is why they have outsourced the Customer Service service to 3 specialized companies.

Operations

All operational processes within the company are noted in the form of written procedures, the main focus being on automating as many of them as possible.
The core activities are divided into the following departments:
1. FINANCIAL / ACOUNTING - there is also collaboration with 2 international online banks for better exchange rates: Revolut and Wise.
2. HUMAN RESOURCES - in the warehouse ( rented space ) foreign citizens from Nepal and the Philippines are working, who want to settle in Romania. They work even 2 weekend days a month, according to the contract.
3. GOODS ACQUISITION
4. GOOD RECEPTION / SALE PLATFORMS - in the last 2 years, the business has expanded by creating stores with .hu, .bg, .gr extensions.
5. MARKETING - in-house department that uses effective promotion channels: Google Ads, Facebook Ads, SEO, Newsletter.
6. ORDER PROCESSING - an external application is used for generating awb's and invoices, and for the Pick and Pack process. It is an app that has both a desktop and mobile/barcode scanner version.
7. CUSTOMER RELATIONS - outsourced but, that benefits from an internal app for quick customer and order identification.
8. RETURNS PROCESSING - relies on an internally developed application whereby customers can create their own return request and fill in all the necessary information for the process.

Tangible and intangible assets

TANGIBLE ASSETS:
- Picking racks as well as pallet racks, pallet handling equipment, mobile scanners

INTANGIBLE ASSETS:
- 4 websites developed on the Shopify platform
- internal applications developed for :
- customer service
- management of returns
- population of websites outside Romania
- translation of details related to products.

Market and development potential

According to comparative ratings of the most popular e-commerce platforms, Shopify is the most flexible and easy-to-implement platform with the most functionality.
From the practical experience of opening 4 websites, this online store can be multiplied in other EU countries. The average time between the start and the launch of the website, for each of the 3 current countries ( Greece, Hungary, Bulgaria) can be maintained for any future destination, with each step and stage of the implementation process being noted and centralized.
An important asset of this business - online store for sale - is precisely the existence of written, centralized procedures and processes and of the customer service and return system implemented to high standards.
When advertising a business for sale, the person doing this advertising has the professional obligation to keep the business's and shareholders' information confidential. Therefore, data fields marked N/A can only be disclosed by signing a Non-Disclosure Agreement (NDA).

Detailed information

Business established on 2014-03-26
Turnover from previous years 2.660.443 EURO
Trademark 0 EURO
Goodwill 0 EURO
Seller/bank financing 0 EURO
Approximate inventory 500.000 EURO
Inventory included in price N/A
Number of Employees 14
Support and training Yes, as needed
Reason for sale Change of field of activity

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