Successful - Thriving Business in the Growing Diabetes Market

Virginia Beach County, VA
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Asking Price:$4,400,000
Gross Revenue:$2,170,274
Cash Flow:$1,039,350
Established Year:2019
BUSINESS DESCRIPTION

This opportunity’s trademarked products have the exclusive feature of holding diabetic sensors in place without sticking to the sensor itself. The patches are sold through their website, Amazon FBA, and have achieved distribution in brick-and-mortar outlets as well.

The success of the patches landed accounts with two major US pharmacies where they are sold as a sole brand, generating approx. $757K in revenues in the TTM and resulting in Overall Profit Margins of 48%. One pharmacy has requested 4 more SKUs this year, which presents a huge opportunity to drive profit margins higher yet!

With the FBA and 3PL model, inventory is shipped directly from suppliers to the company’s 3PL facilities and Amazon FBA where items are stocked and prepared for customer fulfillment. The owner is currently working 10 hours per week overseeing and managing operations.

With its excellent margins, huge addressable market, and other ideas for expansion, this is the perfect time for a new buyer to acquire this business and take it to its next level of growth!

Key Benefits
* Excellent Margins - 70% Gross Profit and 48% Net Profit for the TTM Sept'24
* Trademarked Brand with Brand Awareness
* Established Distribution Network
* Exploding Market – growing very quickly and the Brand is well-positioned to benefit
* Regular Inbound Business Development Opportunities

Financial Summary
TTM Sept’24 Gross Revenue $2,170,274 USD
TTM Sept’24 Cash Flow $1,039,350 USD

TTM Sept’24 Gross Revenue $3,131,167 AUD
TTM Sept’24 Cash Flow $1,499,523 AUD

*Converted from AUD to USD at the exchange rate of 0.69312 on 09/30/24. USD equivalent at time of sale will vary based on exchange rates.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Competition
Competitive advantages over the competition include: brand awareness, global distribution network and their product range.
Growth & Expansion
Building on its solid performance, this business is perfectly positioned for a new owner to take this business to its next level of growth. Ideas for Future Growth Include: * Introduce new products in the category to bring to market * Grow the two major US pharmacy opportunities * Source more/new distributors
Support & Training
Yes
Reason for Selling
The owner has decided to sell this website at this juncture as he would like to
Home-Based
This business is Home-Based
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David
Fairley
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David Fairley