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Adult Leisure/Entertainment Business

Online Retail Business Sydney, NSW 2000

Sold on 24 Aug 2016
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    Adult Leisure/Entertainment Business in Sydney

    Online business under full management profits $225,000 to an owner operator

      Summary
      Established online business with year after year growth.The business has four websites a steady passive income with little to no involvement. 2016 profit above 2016, accountants records available.

      Revenue:
      Approaching $2,000,000 pa

      Net Profit:
      $225,000 pa

      Location Details:
      Currently warehoused in Sydney however is 100% online and therefore can be operated from any location locally or offshore.

      Potential:
      The online retail business has been growing steadily since inception. The current owners have identified ample opportunities to push the business into more aggressive future growth by :
      - Utilisation of the additional 10+ domains & multiple phone numbers owned by the company
      - Further focus on the eBay shows potential for increased profitability
      - Keeping more stock which allows better customer experience & larger supplier discounts.
      - An increased use of cheaper overseas suppliers
      - Expansion into supplying to overseas customers.

      Skills
      No experience needed to run & operate this online retail business, but a business minded individual would likely be able to increase profits year on year.
      NOTE: This business sells adult products which may offend some purchasers.

      Hours
      Under management - Roughly 5 hours per Month required by the Owner

      Lease
      There is currently no long term lease in place, the business can be moved or a new lease signed on purchase.

      Employees
      Single staff member + 2 Owners (Neither owner works in the business & solely focuses on growth at their own discretion).

      Reason for Sale
      The current owners are looking to move onto other ventures.

      About the Business
      An excellent opportunity for a passive investor or hands on operators to buy a well-established online business with year after year growth.The business has four websites and a steady passive income with little to no involvement.

      A new owner can purchase this business and reap the benefits immediately with a steady passive income and little or no involvement on a day-to-day basis, or become an owner- operator.

      The business has been growing steadily since inception. I've put some general points about the business below:

      • Turnover approaching $2,000,000 for the 2016 financial year
      • Profits above $225,000 for the latest financial year
      • Great business for an investor, completely hands off investment
      • Owner operator could benefit from larger profits
      • Easy to run business with optimized processes in place
      • Niche Market within high traffic industry

      Offers over $750,000 plus stock

      Disclaimer: Due to the confidential nature of the sale, images used are stock images are not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

      NOTE: This business sells adult products which may offend some purchasers

      Categories:

      Adult, Clothing/Accessories, Entertainment/Tech

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