Business Summary:
This is a unique beauty supply distributorship; that is E-Commerce based and has a B2B platform. The company started in 2000 and is a home based business that can be relocated. The company sells primarily to beauty salons and spas. They have an exclusive upscale line of waxes and gels along with spa supplies and salon supplies and equipment. The business distributes three lines of waxes; one from Great Britain (only US Distributor) and Australia and one line of gels from Canada and these products account for about 90% of the annual revenues. The product line includes Amoresse, Backscratchers, Barbicide, Berrywell, Blue Cross, Body Toolz, Burmax, en Vogue, Estelina's, Everlash, Gelish, Harley, Intrinsics, Lycon, Mancine, Marvcide, Nail Tek, Orly, Refectocil, and many more! Over 90% of the customers are repeat buyers. This is a very stable and predictable business. Most of the products are shipped to the buyer. All orders are from the company’s website. The company focuses on upscale high end salons and spas. The current owner works only about 10 hours a week and is ready to retire. There are no employees. This company distributes internationally, however the majority of its revenue is generated in the Puget Sound region. The new owner could hire an outside sales force (the current owner does no promotion or marketing) that would create new accounts and sell directly to them which would increase sales revenues. The current owner has relied upon her past connections she established when she owned a beauty salon and spa. Due to the exclusivity of some of the products a marketing team could radically increase the sales as well as present a face for the business. The current owner has not fully utilized social media or beauty and spa trade shows to promote the business – this can be a major source of new clients. The new owner could also add products that would be more conducive to the middle market buyer and thus open up a completely new marketplace for the business. This is a totally turnkey business with lots of room to grow and expand. If the new owner worked full time (the current owner only works 10 hours a week) this could be a real gold mine. The seller is retiring and motivated to sell.
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