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Ecommerce Startup United States
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Custom diamond painting kits for craft enthusiasts

Supporting files (1)
Asking Price
$2.9M
Multiples
3.6x profit 0.7x revenue
Annual Growth Rate
+30%
TTM Revenue
$4.3M
Profit
$806.8k
Last Month's Revenue
$263k
Profit
$78.7k

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United States

Custom diamond painting kits for craft enthusiasts

This company is an established online platform that offers a wide range of adult diamond painting prints. Products a wide range of related creative products seeking an ever-growing, popular, and relaxing outlet. The company offers a diverse selection of high-quality kits, including various themes, difficulty levels, and styles. The business has built a strong brand reputation and a loyal customer base by consistently delivering unique and engaging products.
Asking Price
$2.9M
Multiples
3.6x profit 0.7x revenue
The asking price divided by TTM net profit and TTM gross revenue.
Learn more about multiples
Asking Price Reasoning
Based on Industry Standard Multiples
Recent performance
TTM Revenue
Trailing twelve month (TTM) gross revenue.
$4.3M last 12 months gross revenue
TTM Profit
Trailing twelve month (TTM) net profit.
$806.8k last 12 months net profit
Last Months Revenue
Total gross revenue last month.
$263k last month gross revenue
Last Months Profit
Total net profit last month.
$78.7k last month net profit
Customer metrics
Product Manufactured
The country where the product is manufactured.
-
Annual Growth Rate
The percentage change in revenue over the last 12 months compared to the previous 12 months.
+30% Annual Growth Rate
Customers
Total unique customers who have made a purchase.
5,000+ Customers
Number of SKUs
The number of product variations you sell.
- SKUs
Total Value of Inventory
The combined retail value of all ready to sell inventory on hand.
- Total Value of Inventory
Company overview
Date Founded
January 2019
Team Size
Small (2-20)
Business Model
  • Business-to-consumer (B2C)
  • Ecommerce
  • Direct-to-consumers (DTC)
Revenue is generated through direct product sales on our four eCommerce websites, which specialize in Paint by Numbers and Diamond Painting kits for both the German and US markets. We use a retail model where customers purchase products directly from our websites. Google Ads and Facebook Ads: We drive traffic to our websites through paid advertising campaigns on Google Ads and Facebook. These campaigns are optimized to target customers interested in arts and crafts, which results in high conversion rates. Additional Sources of Revenue come from Organic Traffic: In addition to paid advertising, we also generate revenue from organic traffic through SEO-optimized content and product listings. Sales of Physical Products: The primary source of revenue comes from the sale of the Paint by Numbers and Diamond Painting kits. Each kit is sold at a retail price that includes a markup to cover costs and generate profit.
Tech Stack
  • Shopify
Growth Opportunities
  • Improve conversion rates
  • Social media marketing
  • Hire a sales team
  • Increase pricing
Expansion of Product Lines: We could introduce more related DIY craft products, such as cross-stitch or embroidery kits, which align with our current audience’s interests. This would broaden the range of products offered and attract more customers. International Expansion: While we have already expanded into the U.S. market, further growth could come from targeting other countries with strong demand for arts and crafts. Expansion into other EU countries is a major opportunity we see, but we haven’t had the time to pursue it due to the size of our relatively small team. We believe there is great potential in expanding across Europe, with localized websites and marketing efforts. Content Marketing and Blogging: Starting a blog focused on DIY tips, craft tutorials, and project ideas would not only build customer trust but also enhance our SEO performance. It could help capture long-tail keywords and drive more organic traffic to the site. PPC Advertising Expansion: While we use Google Ads and Facebook Ads effectively, expanding our advertising efforts to other platforms such as Pinterest or TikTok which are highly visual and popular among crafters, could increase brand awareness and sales. Email Marketing and Subscription Services: Implementing a subscription service where customers receive monthly kits or exclusive content could create recurring revenue. We could also focus more on email marketing campaigns to increase customer retention and drive repeat purchases. Influencer Collaborations: Partnering with influencers in the DIY and crafting community would increase brand exposure and trust. This strategy could help in reaching new audiences and growing our customer base.
Competitors
  • Other Online Art Stores
Key Assets
  • Social media accounts
  • Marketing materials
  • Website
  • Domain
  • Customers
  • Brand
  • Trademarks
Acquisition details
Selling Reasoning
  • Financial gain
Financing
  • Bootstrapped

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