Description
The business was founded in October 2018 and has grown into a profitable e-commerce brand specializing in handbags and accessories. Built on a foundation of Meta and Google advertising and efficient operations, the brand has demonstrated consistent revenue growth, strong profit margins, and clear scalability potential through further marketing expansion.
The business operates with low fixed costs and a reliable supplier network, allowing flexibility and efficiency without the need for in-house inventory. Orders are fulfilled directly by suppliers, keeping operations lean and highly scalable. Over the past 12 months, the business has generated $318K in revenue with $44.5K in net profit, achieving a lifetime total of $6.3M in sales. With a strong customer base, 93K email subscribers, and 11K Facebook followers, this business is well-positioned for further growth through expanded marketing channels and broader audience reach.
Business Overview:
- Year Established: October 2018
- TTM Revenue: $318K
- TTM Net Profit: $44.5K
- Profit Margin: 14%
- Business Model: Dropshipping
- Platform: Shopify
Growth Highlights
- Profitable & Efficient: Since its launch, Olive has maintained high margins and consistent profitability through a direct-to-consumer model. It serves customers seeking timeless, cruelty-free handbags and accessories, combining vegan materials with quality craftsmanship for everyday elegance.
- Scalable Fulfillment Model: It operates on a dropshipping model, meaning no inventory is held. Orders are processed and shipped directly by suppliers, allowing for low overhead, flexibility, and easy scalability without warehousing or logistics complexity.
- Engaged, Targeted Audience: Serves a growing audience seeking affordable, high-quality vegan handbags and accessories for women. The brand has built a loyal following with over 11,000 Facebook followers and a 93,000-strong email subscriber base, reflecting strong engagement and repeat customer potential.
- Diversified, Proven Marketing Stack: Customer acquisition is powered by Meta and Google advertising, supported by strong brand demand and a large email list of 93K subscribers. Retention is strengthened by efficient operations, quality vegan leather products, and a 13.9% returning customer rate, while curated collections help maintain customer engagement and loyalty.
Built to Scale
This is a rare opportunity to acquire a profitable e-commerce brand with efficient operations, high margins, and a strong digital presence. The business has a loyal customer base, supported by 70K Instagram followers, 93K email subscribers, 11K Facebook followers, and relies on efficient dropshipping fulfillment, positioning it perfectly for continued growth.
Focused on handbags and accessories, the brand combines operational simplicity with consistent demand. It offers an excellent platform for expansion through new product lines, audience growth, and increased marketing budgets across Meta and Google Ads, further enhancing its already proven profitability.
A dedicated Marketing Manager & E-Commerce Manager could stay on for a new owner if he/she wishes.
Singapore
