Women's Fashion Accessory Manufacturing And Online

Business Overview:

For sale is an online women's apparel accessory business.  This business markets on two major websites and has thousands of reviews between the two sites.  There is no physical store location, and the current manufacturing/shipping location must be moved immediately after purchase.  The current owner is willing to train the next owner on how to run the business.

The business owner currently manufactures the product and ships the product to buyers that purchase through online e-commerce sites.  The seller spends approximately 7 hours per week running the business.  The business needs approximately 300 sq ft of space to operate.

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Property Features and Assets:

300 sq ft is needed to operate the business.  A new owner will be required to move the business to a new location which could be anywhere since there is no client facing store or manufacturing facility.

Assets = $14,100

Market Competition and Expansion:

No company lists for sale and produces the quantity of different options this business does.

The industry includes specialty retail stores that primarily sell fashion accessories, such as handbags, costume jewelry, hats and small leather accessories. The industry also includes stores that primarily sell suitcases, backpacks and other kinds of luggage. Over the years to 2024, the industry has fared well, particularly as the number of trips, both foreign and domestic, taken by US residents exhibited strong growth in the first half of the period, driving demand for luggage items. Sharp declines in spending and travel amid the COVID-19 pandemic pressured key markets,but a surge in online shopping habits supported revenue despite the challenging conditions. Overall, revenue is expected to climb at a CAGR of 4.3% to $28.5billion over the past five years, including an increase of 2.3% in 2024 alone.Despite growth, industry revenue has been pressured by heightened levels of competition. The industry competes with a host of external operators, including discount retailers, outlets and department stores. Online marketplaces, like Amazon, have represented a mounting threat to physical retailers' growth as consumers become more comfortable conducting high-value transactions online.Online retailers generally offer lower prices than brick-and-mortar retailers because they incur lower overhead costs. The rise in price-based competition threatens to pressure profit for handbag, luggage and accessory stores. Looking ahead, improving economic conditions over the next five years are set to offer a significant boost to the industry by enhancing consumer purchasing power and encouraging spending on nonessential items. The emerging popularity of fashion rental companies and resale businesses presents a new landscape, reflecting the changing patterns of consumption, particularly among younger demographics.Also, a surge in demand for vegan leather products will push the industry towards more environmentally friendly materials and production processes.Still, continued competition from external industries will continue to challenge stores. Nonetheless, revenue is expected to rise at a CAGR of2.0% over the next five years, reaching $31.5 billion in 2029.—IBIS World

Expand to other e-commerce sites and/or invest in marketing techniques including SEO and influencer campaigns to bring in more customers.  Continue R&D efforts to stay relevant for today's fashions.

Reason for Selling:

The seller is too busy and feels a different owner could have more time to grow and develop the business.

Additional Details:

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