Blacks Brokers are delighted to bring to the market this online retail business, specialising in fur lined products and clothing.
Posh Poms Limited has been trading since 2015 and throughout its relatively short trading history it has made a dramatic impact into the market place. Currently the business is enjoying great success on various social media platforms with over 5,000 followers on Facebook and 28,000 on Instagram.
The online shop offers visitors one of the largest and most comprehensive ranges of adult and children’s luxury fur clothing. The clothing ranges are designed in-house by our client. Fur is imported and subsequently exported to China for manufacture. The finished clothing is then sent back to our client to be dispatched directly to the customer.
Our client is very much hands-on in the business from designing the clothing to dispatching them directly to the customer. The business is now at a stage where it is out of its infancy and ready for sale to a suitable business person who could capitalise on the large database of clients and continue to build and grow the business.
The business is totally relocatable and can be operated from anywhere in the UK. Previously the business had leased additional storage space of around 500 square metres however, more recently, the business has operated in such a way that stock levels are kept to a minimum to enable the entire operation to be managed from a home address with the added benefit of releasing capital into the business.
This lucrative online business is only being offered for sale due to our clients’ other business interests and therefore this has created an exceptional opportunity.
Our client has built an impressive and active social media audience that is included in the sale. The website is fully automated and the domain and control panel will be fully transferred over to the new owner upon completion. Posh Poms has an active database of past and current clients that are opted in and these will also be included in the sale.
The business is owned and operated by our client solely and therefore the business has no transferable staff making this a perfect “bolt on” business. Our client’s day to day involvement of the business is mainly that of fulfilling orders that come through the website on a daily basis.
Figures available on 2017 accounts show a turnover of £189,000 with a gross profit of £86,517 and a net profit of £57,000, it is projected that the turnover for this current year will exceed £200,000
Posh Poms is an online business that has created an enviable reputation over its relatively short trading history. It has an extensive social media audience and attracts visitors to its online store organically. The business is already showing lucrative profits and offers a new owner a fantastic opportunity to acquire the business, enjoy the low overheads and continue to push the business on. This proposition would suit a solo entrepreneur who could continue operating the business in the same way, whilst our client is also the clothing designer the clothing range has been created and Posh Poms now follows a straight forward online trading business model that would appeal to any business person as well as creatives. Early discussions are advised as high interest is anticipated. Business: £80,000.
Please quote ref: 6323