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This garage door remote control and replacement parts retailer is a recession proof home based ecommerce business that is ideal for an owner-operator who desires a fantastic return on investment working perhaps 20 hours per week, or more if they wish to grow the venture. The business offer perhaps 20,000 skus and once generated nearly $1.0 million in revenues prior to a series of unfortunate setbacks. If desired, management could recapture some of that market or other ancillary markets available.
This home operated business may be run from anywhere in the U.S. or Canada. All of the firm’s assets, which primarily consist of years of accumulated knowledge that can be shared with a buyer, repeat customers and ecommerce pages filled with product descriptions, metatags and everything else that makes it a turn-key opportunity for the right party, will be included in the sale. Approximately $500 in inventory will be sold at cost at close in addition to purchase price.
New management may dramatically grow the opportunity should they wish to. The proprietor stopped regularly answers calls in May 2018 and does not always respond to online or emailed customer service inquiries (they feel they likely miss 50% of calls and inquiries). Due to a serious setback years ago, they are no longer able to sell on Amazon, but new management should be able to with a new EIN number. Similarly, they stopped using E-Bay a decade ago but management may return. The owner also does not capitalize on the industry’s most coveted domain name (garagedooropener.com) or other assets available to him, as they remained focused on additional ventures that merit more of their attention. For additional growth, a newsletter or some form of promotional email blast could be set up. Inventory could be built-up to make fulfillment quicker and easier or complementary products could be also be offered.
Competition does exists from a similar sized vendor as well as a very large industry player that sells perhaps 500 remotes daily, versus their 5 – 7. The seller, who juggles multiple other investments, can advise a buyer on how to recoup market share as well as teach them any few technical details of the business – which will involve a basic understanding of brand frequency and dip switches. It’s not rocket science.
2 Weeks at 20 hrs/wk
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