Amazon FBA businesses continue to be highly attractive acquisitions for first-time and strategic buyers on the Flippa platform. Igor Miller recently sold Tempi International, a 4-year-old Amazon FBA business selling metronomes and related musical products with the assistance of the Flippa Account Management team.
The business was brought to market swiftly and sold in under 3 weeks.
What is Amazon FBA?
Amazon has more than 300 million active customers, with 90 million Prime subscribers in the U.S. alone. Amazon FBA has become one of the most popular ways to earn income online with over 2 million people selling on Amazon worldwide.
An Amazon FBA storefront is an eCommerce storefront integrated within the Amazon ecosystem. Fulfillment by Amazon is exactly as it sounds. All customer orders are processed by Amazo who pick, pack, ship and provide customer service for a fee. FBA takes the hassle out of logistics and help’s entrepreneur’s scale their business and reach more customers.
What was for sale?
Founded in June 2015, Tempi International is an Amazon FBA business that sells products in the musical instruments and accessories niche. Tempi is a category leader with outstanding reviews on all products. The business has achieved over 1MM in lifetime revenue and serves over 22,000 musicians worldwide.
What did buyers like about this business?
The businesses age, brand and customer reviews were of particular interest to all buyers. In addition, it was quite clear that the business had performed poorly for the trailing 12 months due to a lack of cash on hand for advertising and inventory. Buyers identified that the business could easily be brought back to life with a simple injection of time and capital.
What worked well during the sales process?
Igor had detailed records of his financials prior to listing with Flippa. This ensured that as the business was brought to market at speed, buyers had the requisite information to pursue the opportunity. Furthermore, Igor was a highly motivated seller who was attentive to all buyers. The combination of a strong listing and an attentive seller ensured that a competitive negotiation process played out, resulting in a fast sale.
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Igor Miller is a successful entrepreneur, internet marketer and hospitality professional who takes businesses to the next level through leveraging the power of digital marketing and social media. He has sold well over 7-figures of his own products online before his 20’s and has worked with many e-commerce and hospitality businesses just starting out to over 5MM a month in revenue to increase digital brand presence, business automation and free cash flow. He is an expert in Amazon, Shopify and WordPress platforms as well as e-commerce stores. Learn more about how Igor Miller at igormiller.com to take your business to the next level.