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Submerge Wallets - Wearable Waterproof Wallets (For the beach)

Marshfield
Asking Price:$19,997
Established Year:2020
Gross Revenue:$85,000
Listing ID: 2023945Listing provided by BizBuySell
BUSINESS DESCRIPTION

Shopify and Amazon stores that successfully ran a $100k Kickstarter

Keep your valuables safe, secure and dry while you explore the outdoors.
Completely submersible.
The waterproof wearable wallet and cardholder.
Bring your wallet, cash, cards and keys into the water.

Key Highlights

Submerge was founded on Kickstarter
Headhunted by Amazon Launchpad to join their Accelerator: Amazon built storefront and listings
Founder of the business is a TEDx speaker
New product ready for launch (phone holder)

Financials

Submerge has minimal revenues or profits at this stage. This business should not be valued on its revenue figures or profits as the owner has actively been trying to avoid product sales due to his own time constraints (he is too busy with his other business - www.spacebands.com). Value this business on the opportunity, not the financials.

Operations

Submerge make waterproof wallets that keep valuables safe. Largely, we sell our products on www.submergewallets.com but we also have our product available on Amazon, Etsy and some other small marketplaces.

The business has no limitations or restrictions. It is up for sale as the owner has another company (currently valued at £4mil) and investors of the other business need him to sell Submerge.

Customers

Products are sold worldwide but stock is held in the UK and USA. Submerge have a full customer demographics report and product insights survey available upon request.

ATTACHED DOCUMENTS
Submerge brand guidlines_v2 (2).pdf.pdf Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
1
Facilities
This is a Website (shopify store) and Amazon store. This business does not have a physical premises. Products are shipped via Amazon's warehouse.
Competition
This product is unique. There are other waterproof pouch solutions available on the market, but none are comfortable and durable like Submerge.
Growth & Expansion
This business could be supercharged with a strong social media (Instagram or TikTok) presence. Alternatively, the product has the opportunity to become a wholesale product in surf shops, climbing centres and beach towns.
Support & Training
The owner can provide support during the transition period for 2 months.
Reason for Selling
The owner of this business is now focused on his other business.
BUSINESS LOCATION
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Ronan Finnegan
Ronan Finnegan