I built my store starting in 2019 from the ground up. The first two years of
business I did not really pay much attention to the store and in 2021 I really
built the store around the concept that I want predictable income over time.
I have found that the Oral care niche is a niche where many consumers use the
subscribe and save model on Amazon where they're just reordering the same
products month after month (Think toothpaste, dental floss etc.
) This is amazing
since I do not need to spend any new money (ads) to acquire a customer.
My store also holds the buy box on Amazon very well, and we get a ton of sales,
since our pricing is extremely competitive due to the relationships we have with
our distributors.
The bottleneck of the store is actually keeping all the products in stock since
we sell out really quickly.
And honestly, I have not reinvested a ton of capital
since I've needed the capital in my life. There is a big opportunity for a new
owner to come in and inject capital into inventory.
The store can grow drastically if you are willing to invest more money into
inventory and to keep all the products in stock.
You can also increase the
catalog by adding a ton more products through the same distributors that we
currently have.
I spend roughly about an hour a week on the store and that's just reviewing
everything and making everything go smoothly. I currently have a virtual
assistant that is part time that communicates with my 3PL provider who picks and
packs all of my products for me.
The trailing 12 month financials are as follows:
Revenue: $824,364
Net profit: $114,895
I am selling the store since I'm liquidating a ton of my assets because I
believe there's going to be a big drop in the stock market and I want to be
ready to purchase up stocks with dry powder.