Jessica’s Small Retail Website Sold
In today’s digital era, the popularity of running a business online has increased hugely over recent years and there are various reasons for this. The first is, of course, the huge demand for online services and products from consumers. Secondly, we now have a range of advanced technology to make online operations fast, simple, and convenient.
Jessica called Bonza in October 2019 to enquire about selling her online retail clothing and accessory business because she had decided she would like to spend some time travelling instead.
The online business commenced operation in November 2016 with Jessica designing and manufacturing clothing herself, from her home in QLD. As the business quickly grew in popularity, the production was then moved to a small-scale manufacturing house in Melbourne. Products were sold through an online store, plus through several online retailers in Australia, USA, UK and New Zealand as well as numerous boutique stores around Australia.
This business was listed with Bonza and the first enquiry came through that same evening. There was an enormous, 67 enquiries in total for this business and Jessica achieved $44,000 for the sale – only $1000 less than the original asking price. This was a brilliant result and on top of that, Jessica saved approximately $10,000-$15,000 in unnecessary commissions. We are so happy that Jessica was able to achieve a successful business sale and continue her next chapter.
Ecommerce is booming worldwide, and Australians spent a total of A$28.6 billion on online shopping in 2019. If you are looking to buy an online business, contact Bonza Business and Franchise sales today to see the other great businesses we have available.