Introduction
Burp Lids company started August 2019. Amazon FBA was the main platform of focus. We created a revolutionary product as a curing solution for the MMJ industry.
The curing process is a pain point for a lot of growers that still use mason jars. The jars have to be burped everyday to exchange fresh oxygen in order to achieve a flavorful end product. This is a pain for customers using the old two-piece mason jar lids. Burp Lids make the process simple utilizing an airlock valve and extraction pump. No more unscrewing all those lids everyday. Fast forward 3 years later and we scaled on Amazon with thousands of customers. This product is also used for the fermentation industry. Many customers use this product to make Kombucha, Sauerkraut, Juicing, ETC.
Opportunity
Found
Revenue/Range
$891,279.03
EBITA (Range)
$461,978.89
Company General Business Specialty/Industry (Description: What does the company do)
Specialty
Fermentation and MMJ automation.
General Business Model and Market
Amazon FBA
Woocommerce Website Funnel
B2B stores
Ebay Account
Walmart Account
Revenue Range Stratification (Product Lines/Service)
Geographic Location(s) and Big Business Line Categories
USA and Canada
Additional Summary Success/Growth/History “Details” Bullets i.e. Growth, track record, Growth Potential
Amazon Seller Central account with 7 SKUs (plus more to be launched)
Domain including all site content and files
Supplier contracts and relationships
Walmart and WooCommerce accounts
Social media accounts (Facebook, Instagram, TikTok, YouTube)
Trademarks USA and Canada
Email list (1,213 subscribers)
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The included Amazon Seller Central account is registered with Amazon Brand Registry and features 7 SKUs for storage products used for harvesting. The top-selling SKU has a 4.3-star rating and over 1,500 reviews. All other SKUs have positive reviews. Included in the sale are social media accounts with 10K+ followers. The business has experienced 123% revenue growth year over year.
The business earns from Amazon FBA (96.39%) and B2B/wholesale (3.61%). FBA orders are fulfilled solely through Amazon, but wholesale orders are fulfilled as customers order via Amazon to test out the products and the potential B2B buyers then reach out to the brand via email or social media to make an individual order. Sometimes the businesses also pay for orders via a QuickBooks invoice. Around 20% of inventory is currently stored in the Seller's garage.
The PPC team that the Seller hired also takes care of customer support. They would be willing to continue working with a new owner. The business has a ROAS of 3.27 throughout 2022
The Seller is working on a new version of the main product to be launched shortly.
Transition Plan
Amazon, Woocommerce, Walmart, Ebay, Social Media Account Transition.
B2B and email transition
On-hand Inventory shipped to 3PL or recommended
Reason for Selling or Seeking Capital
I am working on developing other products and it requires capital for design and mold outfit. I built the Burp Lids brand and about to launch V2 this year which completes the brand. I've ran it solo for 3 years and would like this to be my first 7 figure exit.
Final Standard Comments
Let's make a deal.