Launched in 2020, this trademarked, Shopify-based craft cocktail kit company has developed a unique and fun brand by custom-formulating kits to allow customers to enjoy delicious drinks at home. These products are perfect gifts and commonly used for special occasions like vacations or parties. Backed by plenty of five-star reviews, customers rave about how this is the easiest and most affordable way to get a craft cocktail that is even better than one at a restaurant. Please note, this brand does not sell any alcohol.
Around 65%-75% of a typical month’s revenue comes from the DTC Shopify sales channel, while the rest is wholesale. With a close to $90/$265 average order value (AOV) from Shopify/Faire, sales well-distributed amongst the current 12-flavor product offering, and high 80% blended gross margins and 30% blended net margins, there is substantial opportunity for customer acquisition spend.
With most of the operations handled by the existing team in place, the current owner works less than 15 hours per week on the business, which offers a new buyer multiple opportunities for expansion. This includes adding new sales channels such as Amazon and additional retailers, working with influencers, and expanding marketing operations through areas such as implementing email flows and expanding current paid profitable marketing efforts.
The seller is motivated for a quick close. All reasonable offers will be considered. Cash buyers will be prioritized. This business is not SBA eligible. The business has been prequalified for financing up to $245K through Boopos (must put a minimum of 20% down if going this route). The term sheet is provided with the rest of the business information.
This business is currently under offer and therefore no longer available. Join the waiting list to be notified if it becomes available again
Ethan is a serial entrepreneur and has successfully built numerous multi-million dollar companies. He has sold and acquired a number of companies, one of which appeared on Shark Tank, and served as a broker for both buyers and sellers transactions’.
Get your free valuation & marketplace-readiness assessment. We’ll never push you to sell. And we’ll always be honest about whether or not selling is the right choice for you.