Luxury Goods Resale | 2 Brands | 50% DTC ECom

Business Overview:

Website Closers® presents a high growth eCommerce business operating with 2 unique brands that collectively offer a tremendous opportunity for consumers to sell their high-end valuables.

The largest brand has been operating for 15 years, purchasing and reselling luxury items from consumers including luxury timepieces, gold, silver, diamonds and more. The business offers cash or term loans in exchange for these items. Revenue is generated via refinery and wholesale partnerships (67%), interest revenue on term loans (20%), and retail sales (14%, split 50/50 between showroom and ecommerce).

The other brand is also highly successful, buying and reselling designer handbags and accessories like belts, bracelets, designer glasses, jewelry, necklaces, rings, wallets and watches. The brand is renowned for offering premium, pre-owned designer handbags and jewelry. The business buys the products individually from consumers with all transactions consummated via ecommerce.

The company enjoys consistent top-line growth, with a 17% CAGR on revenue throughout the last 4 years, and 24% CAGR on their SDE in the same timeframe.

Here are some of the company’s notable KPIs:
• 2 Unique Brands | Reselling Designer Handbags & Jewelry
• Consistent Top-Line Growth | 17% CAGR in Revenue
• 24% CAGR in Seller’s Discretionary Earnings Over the Last 4 Years
• Diverse Revenue Stream
• Significant Opportunity for Scale
• Experienced Staff in Place
• Strong Google Reviews
• Strong Organic Growth

The company maintains an edge over their competitors in both markets by offering products at competitive price points. Additionally, by offering customers cash payments, they can get stock cheaper than other companies. They market their products through strong SEO and social media engagement, alongside high Google My Business Reviews.

The company has experienced staff in place for both brands, who will maintain continuity of operations for a new owner. The team for the first brand includes a general manager, a gold buyer, a debt collector, and an admin. The team for the second brand has a manager, 2 bag buyers, and admin staff.

If you’re interested in learning more about this high growth opportunity, please contact Website Closers today for more details from our brokers.

WC 3569

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Additional Details:

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