Business Description

This profitable business offers a unique product for easily switching mounts for smartphones and cameras using powerful rare-earth magnets. The product is manufactured in China and distributed through Amazon and a small warehouse in Virginia. With a range of accessory products recently launched and an established distribution network in place, the focus for the buyer would be on marketing efforts. Expansion into European and Australian markets is expected to drive significant revenue, with further untapped markets presenting growth opportunities. The business has demonstrated a high level of profitability, with a net profit of around $400,000 expected for 2022. The strong N52 rare-earth magnets used in the product offer a significant advantage over ceramic magnets, making it a sought-after solution for customers. With an experienced manufacturing team and a dedicated fulfillment manager overseeing operations, the buyer can step into a well-structured business primed for further growth. This presents a lucrative opportunity for entrepreneurs looking to capitalize on a successful product with established sales channels. With low costs and high sales volumes, this turnkey