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Listing Id: 19136 Last Refreshed: 01/03/2021 Total Views: 3222

(Expired)High Growth eCommerce Lazada account

Kallang/WhampoaFashion Accessories StoresJewelry StoresWatch Stores
Asking Price: S$680,000
  • Premise Type N/A Premise Size
  • Monthly Rental S$1,605 Rental Desposit S$3,210
  • Revenue S$50K - 100K Liability N/A
  • Gross Profit N/A Net Profit S$18,250
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 0
  • Established 2018 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Joash Ong

Reason For Sale

Burnout

Description

Lazada Singapore Account. Inventory of about $40,000 will be included in sale price.
Account opened since 2018 January.
2nd largest follower base in Lazada watches & accessories category.
Reselling of Fashion Brand watches.

Low inventory model, with back-to-back orders and high cash flow.
Multiple Listings on 1st page of watches search on Lazada.
Total of more than 10000+ Sales Invoices (some invoices have 4-10 units sold) over the last 3 years.
Extremely good base of reviews and repeat customers.

Multiple Suppliers' contacts given.
Key account holder on Lazada management, with 24H support and a key account manager working in Lazada as Point of Contact.
Account Manager in Lazada will assist in pushing products for sale during campaigns like 9.9, 11.11, etc...
Revenue is boosted during COVID-19, no risk of closure and no risk of losses in 2021.

1.6k per month office rental and 1 full timer.
Right now it is operated as family run business.

Business is for sale due to owner burnout as owner takes on 80% of workload

Revenue:
-$368k in 2018
-$510k in 2019
-$750k in 2020,
Net Profit:
-$133k in 2018 (36% net margin)
-$168k in 2019 (33% net margin)
-$220k in 2020 (30% net margin)even after getting office and worker.

2 months training handover:
- Packing standards and packing supplies contact
- Supplier contact
- Best seller models and how to curate content
- Customer service and warranty process

Sale of Business includes:
- Lazada account handover
- Shopee account handover
- Amazon account handover
- Inventory at time of handover
- Office lease agreement takeover
- Office furnishings takeover

Please provide POF before requesting for more information.

Business Operation

Low physical assets.
Facilities
Very high expansion potential.
Can expect to earn upwards of S$400,000 per year by 2021 if owner has about 2-3 staff/employees devoted to the business.
Expansion Potential

Property Information

Rent
Premise Status
Ends Aug 2022
Lease Term
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
/

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