$1.7M Sales Amazon home brand with 100%+ growth in 2024

20% margin with 1 person managing the business

Description of the Business: The business operates as an Amazon FBA (Fulfillment by Amazon) enterprise specialising in two core product categories:

Kitchen Sinks: Contributing 55% of annual revenue, the business offers a range of kitchen sinks.

Indoor & Outdoor Furniture/Aid Facilities: Representing 45% of annual revenue.

Highlights of the Business

Proven Success: The business boasts $1.4M in net sales over the past 12 months, coupled with a robust 20% profit margin. This demonstrates a track record of profitability in a category with significant entry barriers due to initial capital requirements.

Explosive Growth: Sales have surged by 100%, accompanied by a 55% increase in profit (Jan-Jul 2024 vs. 2023),underscoring remarkable market traction.

Lean & Efficient: The two owners efficiently manage the business. One focuses on supplier relationships, while the other handles day-to-day operations, including logistics and Amazon advertising. The streamlined model leverages Amazon's fulfillment network for inventory storage and order processing.

Growth and Potential

Projection for Full Year 2024: $2M in projected sales for FY2024, along with new product launches, indicate sustained growth potential.

Margin Improvement Potential: The current 20% profit margin offers room for enhancement to 24-26% by addressing product returns. Many returns cite "damaged product package" or "lost accessories." A new owner could partner with a US-based warehouse to repair returned items, reselling them on Amazon or other platforms.

Business Growth Potential: Expansion opportunities abound through new product launches and venturing into international markets like Amazon Canada, UK, or Germany.

Owner support and Smooth Transition: Both founders are committed to staying onboard for up to a year to facilitate a seamless handover to new ownership.