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Fashion Eyewear Company for Sale in Lisbon, Portugal

For Sale: E-commerce start-up changing the eyewear industry through bamboo.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 74 thousand
Run Rate Sales USD 79 thousand
EBITDA Margin 30 %
Industries Fashion Eyewear + 1 more
Locations  Lisbon
Local Time 6:09 PM Europe / Zurich
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 190 thousand (Native Currency: CHF 158,000)
Reason: The owners are not able to manage the operations.
Includes physical assets worth USD 27 thousand
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Business Overview
- Profitable sustainable bamboo eyewear brand with $58,000 in TTM revenue and $6,400 in TTM profit.
- This is one of the very few eyewear projects working exclusively with bamboo (the only sustainable type of wood in the world) and a verified sustainable impact (+15.000 trees planted + 10.000 plastic bottles rescued).
- Company has built a strong brand identity around its high-quality bamboo optical product, having worked with the biggest sustainable influencers in PT/ES and being the most reputed eyewear brand in the sustainable ecosystem in Portugal.
- Has its own designs and is currently working on 4 new models for the this year summer:
1. $58,000 in TTM revenue.
2. $6,400 in TTM profit.
3. $15,600 in the peak-season month.
4. $2,700 in off-peak-season month.
5. $81 AOV.
6. Competitors: Joplins, MyTrueWood, Bird.
The team of 4 is composed of 2 x founders (working 6h-8h weekly each); 1 x B2B business growth manager (working 8h/weekly); 1 x customer support and operations manager (working 6h/ weekly).
Scale.
- Company has been profitable for 2 years and has experienced strong growth for the past 4 years.
- This year, +€75K in GMV is expected.
- It has a fully integrated supply chain through a 3PL in Portugal. Customer support, operations, and B2B sales are managed by the team.
- This is a turn-key-ready opportunity to scale an established eco-brand (w/ website, own designs, loyal customer base etc. ) with a unique concept and certified positive environmental and social impacts.
- There is a massive potential to bring experience in fashion/marketing to the project (founders have no prior skill in either).
Production & Logistics:
- All our bamboo products (glasses, cases, pouches, and cloth) are produced in bulk in China according to our own designs [ordered by email]. Production (w/ shipping) takes 3-4 weeks and MOQ is 100 pairs. All materials are sent to our 3PL in Lisbon, which then fulfills all orders [automatic integration for e-commerce + manual requests for wholesale]. For prescription / blue light filtering / personalized lenses, a partner in Romania stores our frames in bulk and then produces + assembles + ships the final personalized product to our 3PL for further processing [lenses ordered in their platform].
There is a substantial potential to bring costs down by scaling production (currently at MOQ). Our logistics manager takes care of day-to-day operations, allowing you to focus on strategy and scaling.
- The company is registered in Lisbon, but one of the owners is managing operations from Europe.
Products & Services Overview
We offer 12 sunglasses models (+ 1x gift card) ranging from €79-€94 and 3 eyewear glasses ranging from €130 to €155. We are currently working on adding 4 new models to our new collection. Can find all our existing sunglasses in the wholesale catalog attached. Complementary to each order we offer 1x bamboo case, 1x bamboo fiber cleaning cloth and pouch, and 1x plantable seed tag w/ all product info.
Take a look at our Margins Calculator (attached) for a full breakdown of our costs and revenue structure.
Assets Overview
Tangible- Currently has €22.5K in assets (€12.5K in inventory at cost + €10K in cash).
Intangible- Brand, website, social media accounts, domain, marketing materials, and customer database.
Facilities Overview
We don't have facilities, we work 100% remote and we outsource our storage services.
Capitalization Overview
Bootstrapping + 20K in crowd-lending through GoParity. Closed it last year, 4 years maturity with 6-month grace period at 4.25% AIR. Adding to that, the outstanding debts to the founders (2 owners with 50%) are approx €18K and are covered by the asking price.
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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.
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