#59: Automotive eCom Brand Making $1.2mm/year

๐Ÿ‘‹ Hey Team!

Welcome to the 486 new people who have joined this week! Got some exciting deals in our premium subscription this week.

In this weekโ€™s issue:

  • ๐Ÿ—„๏ธ Traditional business - 1 listing

  • ๐Ÿ›’ eCommerce - 2 listings

  • ๐Ÿ—„๏ธ Traditional business - 3 listings

  • โ˜๏ธ SaaS - 2 listings

Alright, Letโ€™s explore!

Estimated Reading Time = 5 minutes

๐Ÿš€ Startup Spotlight

Discover profitable online and traditional businesses.

๐Ÿ’ฐ Asking Price: $475,000

This branded gas station is located at the heart of a heavily populated area in the Bronx. It pumps 150,000 gallons a month, with an 18 cents profit margin on a gallon. It has a nicely decorated convenience store; its size is 4400 sq.ft.

The store has lotto, beer, cigarettes, deli, candies, etc. Deli was built about 2 months ago, and is running very well

Type: Traditional Business

โœ… Key Highlights

  • $4,996,000 in Gross Revenue

  • $90,000 in FF&E

  • $60,000 in Inventory

  • 150,000 gallons pumped/month

    • 18 cents profit margin on gallon

  • Lotto makes $7500/month in commissions

  • Seller makes $200,000/year

There are three partners who have developed a disagreement within themselves, so they have decided to sell the gas station; seller financing is also available.

New owner might have the ability to get a lower price but would focus a lot on due diligence here to figure out why the owners are separating and what the issues are before diving into the numbers.

๐Ÿ’ฐ Asking Price: $240,000

Online store with retractable reel & lanyard designed to secure pens and pencils for professionals.

Type: eCom

โœ… Key Highlights

  • $339,000 in TTM Revenue

  • $113,000 in TTM Profit

  • $13,000 in revenue last month

  • $9,000 in profit last month

  • 67% Profit Margins

๐Ÿš€ Growth Opportunities

  • Subscription Service: Start a subscription service offering exclusive designs and products to customers on a monthly or quarterly basis.

  • SEO: SEO can help rank above other extensions and other competitors in a similar space. Make sure to target long tail keywords that your common customer is searching for.

๐ŸšฉCons

  • Retention: The business doesnโ€™t have strong retention metrics which means youโ€™ll have to continue to make sure youโ€™re profitable on first time order. New owner should look into regular product drops or subscription in order to build a retention model into the business.

๐Ÿ’ฐ Asking Price: $1,067,590

#1 driving glasses on the market. 45,000+ engaged on email newsletter last 90 days. Market will grow for 10+ years. "Excellent" Trustpilot.

Type: SaaS

โœ… Key Highlights

  • $1,294,788 in TTM Revenue

  • $517,915 in TTM Profit

  • $107,899 in revenue last month

  • $43,299 in profit last month

  • 40% Profit margins

Healthy business with a great product market fit and strong returning customer rate despite it being a glasses company. Majority of the acquisition is coming through Meta ads and email list. They have a real opportunity to branch out into retail and drive a significant amount of revenue from there.

๐ŸคŒ๐Ÿผ Learnings Of The Week

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๐Ÿ•ต๐Ÿผโ€โ™€๏ธ 5 more deals below for Paid Members

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  • ๐Ÿ—„๏ธ Traditional business - 2 listings

  • ๐Ÿ›’ eCommerce - 3 listings

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