Online Underwear Subscription Business

Online Subscription Based Model – sells underwear (socks and jocks) online to subscribers. Deliveries are made every three months, direct to the customers door. Business featured on Channel TEN’s ‘Shark Tank’ in 2015

Quarterly sales figures as follows:
– Apr to Jun 2015: $25k
– Jul to Sep 2015: $16k
– Oct to Dec 2015: $13k

OVERVIEW
– e-commerce business that sells online only to male consumers throughout Australia
– A subscription-based business that allows its customers to have a constant inflow of both socks and jocks without an excessive price tag
– The business features three different subscription packages sent to the customer every 3 months until they unsubscribe
– Products are branded ‘Three65′ and are manufactured in China at a very low cost
– Products are currently stored and shipped by a third party logistics company based in Sydney
– Business currently has approximately 600 subscribers each spending roughly $30 per quarter
– Stock on Hand is approximately $40,000
– Award winning website, designed incredibly well, very user friendly

STRENGTHS/ BENEFITS
– Home based business requiring minimal external resources
– Dropship model meaning no stock physically held (outsourced)
– Multiple growth opportunities
– Strong supplier relationships in place
– Can be operated from anywhere in Australia

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on 0411 145 114 for a confidential discussion about this business. Please quote reference BR1191.

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