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This business is an e-commerce superstore for industrial, janitorial and office supplies, offering the convenience of over 450,000 products under one electronic roof. Carrying little to no inventory, every order placed online is drop-shipped directly from the wholesaler or manufacturer in 2-3 business days to the consumer/ business. With an integrated ordering system, marketplace software is already in place as well as e-procurement capabilities directly connected to the wholesalers.
The company has been organically growing year over year as the marketplace continues to boom. 95% of the company’s revenue comes from large name marketplace retailers, while 5% comes directly from the website. 75% of website sales come from the consumer and 25% from business accounts. The top of the line website is highly secure with Green Address Bar (highest in Industry standard, equal to bank standard) and is tested daily to ensure its durability.
Providing quality products at a low price, the product mark-up is between 28-48%. Excellent relationships with the wholesalers help them deliver their low-price guarantee, as well as superb customer service. A small storage facility in the South East, US is currently used to handle returns back to the wholesalers.
Growth opportunities include expanding sales into Europe, Japan and Canada. To handle the additional workload, an increase in contracted employees would be needed.
Small storage facility used to handle returns
Expanding sales into Europe, Japan and Canada
Focus on personal health
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