Corporate Gifting Business with Recurring B2B Clients

Business Description

For sale is a 37-year-old Ecommerce gift concierge company based in New Jersey that can be run remotely. The company specializes in offering specialty gift baskets and premium brands of alcohol in addition to providing custom bottle engraving. Additionally, the company develops brand relationships and can procure exclusive products unavailable to other stores.

There are several repeat B2B customers, including corporations and Ecommerce partners. While individual customer orders typically average $100, corporate orders can range to $30K. Individual orders make up 40% of the annual revenue, while corporate and Ecommerce partners each make up 30%.

2022 numbers were down from 2021 as shipping costs and goods costs went up significantly. The business chose to not raise prices much because they wanted to offer the same cost to the customers from previous years; however they are currently revamping the website and revisiting costs (which will ultimately reflect in new prices).

Key employees include three full-time managers and one contractor. The owners are optimistic that the employees will stay with the buyer. To continue the business’s success, the buyer should have superb communication skills, but no special licenses are required.

2020 (10/1/20-9/30/21) 2021 (10/1/21-9/30/22) 2022 (10/1/22-8/31/23)
Revenue  $    2,002,259  $    2,970,044  $    1,936,706
SDE  $       681,829  $    1,156,615  $       763,936


Financial Overview

Asking Price: $3,600,000

Revenue: $2,303,003 (3 Year Avg)

Income: $867,460 (3 Year Avg)

Multiple: 4.15x

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