New to the market is a successful eCommerce business that is strongly established on major online retail sites, such as; Amazon, eBay, and Fruugo. It also has its own profitable Shopify powered website and growing embryonic social media presence.
Established in 2008, Cool and New’s main niche is high-quality clothing, currently retailing around 35 different wholesale products.
The business generates consistent / growing income as shown by the last 3 years profit & loss reports. Net profits 2019-20 were however reduced by the cost of delegating most of the order processing to a third party company. This significantly reduces the owner's working hours, freeing more time to focus on expansion and developing new growth opportunities. This year's provisional figures for the restructured business show the net profit is already not far off the 2018/19 year's net profit of £17,700 even after the additional processing costs.
Alternatively, if the new owner is looking to merge with an existing e-commerce business or run the business without third party order fulfilment costs (ie self-storage & packing) then the current profits realised would be around £22,5000
The current owner has advised they would be willing to offer a free transitional period of 6 months to a potential buyer, providing comprehensive onboard training and support.