Social Shopping Website Allowing Group Purchases
New YorkListing DetailsOffice ID: WEBSITE1
Listing Broker: George Bradbury
Listing Price: $2,500,000
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Home Based: Yes
Reason for Sale:
Owner has other business interest that requires his time.
Owner will work with a buyer to insure a smooth transition.
OperationsYear Established: 2016
Form of Ownership: LLC
Business Hours: 24/7
Business Description:Website business for sale, offering social shopping cart feature subscriptions, that allow general online retail customers to browse, shop and buy together from participating e-commerce sites, all from one place. Ideal for entrepreneur with links to retail e-commerce and manufacturing or supply industries. Website offers downloadable app for retail sites wanting to offer their customers key features, such as, online group purchases, group chat, best-price search function, and translation feature that accommodates buyers and sellers from all over the planet, doing away with empty carts, and encouraging higher profit and sales margins for business owners.
This business has been around for 5 years, and is already being used by some ecommerce sites.
Requires a dedicated entrepreneur willing to grow and market the company, investing time and energy in to it. Must be business and marketing savvy, with some capital. Familiarity with general accounting, marketing, human resources, client management and sales a plus, or can be hired in.
Competition:There are many online retailers with ordering-to-carts functions, but none for groups, allowing group ordering and bill splitting.
The room for growth for this particular product is unlimited within the US and internationally. The need for an online group ordering app is great, whereby many offices, families and colleagues would find it a very useful day-to-day purchasing tool. At the moment, there are no competitors in the online group purchasing retail sector.
Last Updated: Apr 14, 2021 / 6:02 AM
Financial Information Current As Of: Mar 26, 2021 / 11:17 AM