Looking for a buyer.
For sale is a rapidly growing e-commerce business in the Hand Tools niche with revenue growing c.53% YoY (May-22). The business was launched in 2020 and offers a vast range of premium hand tools such as sockets, gauges, saws and power tools suited for people who utilize these products for their own use either around their home or their workplace. The business’ strong traffic profile, attracting c.4.8M visitors and c.7.4M pageviews over the LTM, helped generate c.$9M in revenue over the LTM from c.126K orders. Through their strategic partner in China, the business mainly fulfills its products via drop shipping with a small percentage of products fulfilled through their 3PL in Arizona. This presents a great opportunity for a new owner to optimize gross margins and scale the business even further. The business presents a rare opportunity to acquire a private label e-commerce brand with strong supplier relations, an established team and numerous expansion opportunities available. There is an opportunity to immediately double margins by shifting fulfillment model to an existing partnership
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