Achieving profitability in less than 12 months sets this start up business apart
from any other opportunity on the market. The upside is a scalable business that
has been shown to be remarkably profitable by a prior nationwide retailer that
got caught up in the private equity bubble.
The store is fully stocked, has a solid sell through rate across all products
considering the time in business, and is in the same shopping complex as the
inferior competition.
By importing directly from overseas, we have driven our future margins to above
70%- currently at 66.1% on July sales. Many products are 50 deep on the shelf
allowing for an easy transition and a wholesale opportunity.
My manager is scaling back or leaving which has me at an impasse and that is
driving my decision to consider selling full or partial ownership.