Need help?

Ecommerce Website for Sale in Lagos, Nigeria

Ecommerce platform selling electronic and household products under a buy now and pay later plan.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 20 - 30 thousand
Run Rate Sales USD 22 thousand
EBITDA Margin 20 - 30 %
Industries Ecommerce Websites
Locations  Lagos
Local Time 11:24 PM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 11 thousand (Native Currency: NGN 15,000,000)
Reason: The business has shortage of funds and hence plan to sell the company.
Includes physical assets worth USD 1.8 thousand
Interested to connect with advisors
Documents
Business Overview
- Ecommerce platform for electronics and durable consumer goods.
- Multiple repayment plans available: Customers can either choose to make a one-off payment or pay in 3 convenient installments (at an interest rate of 13%). 1st installment before delivery while balance is spread over the next 2 months. Typically a single order cycle is 60 days, in a 40:40:20 proportion. First 2 installments usually covers the product cost price.
- Have 2,500 registered users on the platform.
- 3,000+ products are listed under 8 major categories.
- Receive 300 orders on a monthly basis and the average worth of each order is NGN 50,000.
- Our Global Alexa ranking is below 1M (improved by 75m in the past 2 years).
- Our Android app is currently under development and is expected to be completed in 2-5 months. Our plans for the App will see us diversify into full fintech, where users can save daily on their wallet to cover future expenses or offset current credit.
- Capacity to generate more than 10 million in monthly revenue according to present customer traffic, however, due to a shortage of working capital, we are not able to take up the orders.
- Goods are shipped directly from suppliers warehouse hence reducing operational cost (warehousing, inventory, freight to a nearest minimum)
- Promoter has 6+ years of industry experience.
- Business owned assets include a plot of land in Green Gate VIP Estate, Lagos and office equipment.
Products & Services Overview
Ecommerce platform providing innovative consumer asset financing (buy now, pay later) for personal, home or business equipment / appliances.
Facilities Overview
Rented office space in Ojo Alaba, Lagos. Large enough to fit in 10 staff.
Capitalization Overview
Not Disclosed
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
Frequently
Asked
Questions
  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more

Chat with Us
Welcome to SMERGERS