$50k/Month Business Listing
SUMMARY
Masks.com is a supplier of cloth face masks for schools, businesses, nonprofits, and government organizations. With a single individual running the entire business and zero outside investment or seed capital, the business has generated nearly $1Million USD in revenue in 5 months of its current revenue-generating operation with a profit margin of around 15% historically. All products are dropshipped, and logistics are completely handled by the manufacturer. The business is primed for growth with a recently added revenue stream of printing on masks, and numerous untapped avenues for new verticals and product types.
Simply considering the historical performance, client list, and pending quotes alone, the business is priced to sell at this low multiple to profit. But there is also HUGE opportunity to grow the business/Masks.com brand, expand to new markets, new products, and to build a team and business to take it to the next level. Plus, there is no better "virtual real estate" on which to build your PPE empire than Masks.com
MARKET
The market for masks is booming worldwide and is currently a $7.24 Billion market growing at 153% CAGR (Market Study Report). Of course, the pandemic has introduced masks as a new must-have commodity for every person in the world. Incoming US administration will encourage mask mandates. Businesses are starting to see the value in using masks as promo items for their brand. Schools must have masks to carry on in person learning. Beyond the current pandemic, with poor air quality and increased likelihood of future pandemics, masks will be more prevalent in western countries (as they already are in Asia).
Seller's intro and background: video here. (https://www.loom.com/share/d35543be892e471fa4398a9f08345897)
Business Explainer/ Background: video here. (https://www.loom.com/share/93a499fae90144ce810f9f6b460a1873)
NON MONETARY ASSETS
The Masks.com domain name is held by exclusive, fully transferrable iron-clad perpetual lease via Venture.com It is important that you understand that you will be acquiring the the lease for the Masks.com domain name as part of the sale of the business - you will exclusively have the right to operate your business on the Masks.com domain name as long as you make the monthly payments to Venture.com. Currently $499/month, but in 2021 it will go to $1k/month, in 2022 $2.5k/month, in 2023 $4k/month then 4% increase annually. You can walk away from the lease at any time without any sort of penalty.
Domain Lease Video Here
Other Assets:
Bulk/wholesale (B2B) customer list of over 250 with 11% return customer rates so far (this will grow).
Crowdfund buyer list of over 10,000 - never remarketed to, could do a new round (Generated $290k first round). Crowdfunding campaign explainer Video here
35k+ pages indexed in Google Search Console, over 100k URLS crawled Video Here
2 ecommerce websites (https://wholesale.masks.com and https://www.masks.com) and all related assets Video Here
2000+ licensed excusive fashion mask and gaiter designs, Video Here
Relationship with Hanes: Video here
Relationship with Printer: Video here
Contract with TIPS purchasing cooperative (new, 11/20)
Contact list of every public school superintendent and procurement manager in the USA (20k).
Facebook and Google Ad accounts and campaigns.
Currently over $300k in outstanding quotes with more coming in daily via new RFQ system.
OPPORTUNITIES FOR GROWTH
Diversification of verticals, product types, and customer types. Masks.com has not yet sold to governments via bids or healthcare systems. We have not yet tried getting products into retail stores. There has been almost zero marketing done for ecommerce retail/fashion masks. No sales team or 3rd party partnerships at all. We are only selling Hanes masks in bulk, but there is no exclusivity and no reason that you couldn't sell other brands wholesale. You could also turn Masks.com into a PPE marketplace and dominate the space.
COMPETITIVE ADVANTAGE
Masks.com is the hands-down best, most brandable mask-related address on the internet and gets a ton of type in traffic- not to mention over 35,000 pages indexed in Google. Well established partnership with Hanes, giving access to masks below normal wholesale. Well established partnership with printing facility to print logos on masks at fantastic prices- all logistics handled by those partners. Very little overhead. The sky is the limit in terms of what you could build on Masks.com.
Business Info, Masks.com Inc.
Founded in 2020 and operated by a single individual, Masks.com has quickly become a leading supplier of bulk cloth face masks for schools and businesses.
Stage: Revenue Generating ($950k through 5 months), No outside investors, No debt
Entity: Delaware C-Corp, Single Shareholder (Owns 100% Equity)
Industry: Health
Number of employees: 1
MANAGEMENT TEAM
Bradley Markham Founder, CEO: Stanford, Google, 20 years digital marketing and ecommerce experience including several successful exits.
BUSINESS/REVENUE MODEL
Masks.com started selling masks via a crowdfunding campaign where people could purchase masks to be sent to schools. It then moved to B2B sales directly to schools. Now, customers are a diverse range of schools, non-profits, businesses, and government agencies. Bulk mask Orders are placed via our eCommerce system (Shopify) and then routed over to Hanesbrands or the Printers. Business is mostly outsourced including all warehousing, logistics/shipping, printing. Retail masks (our “fashion masks”) are printed on demand with 100% outsourced production and logistics.
Why are you selling this business?
Reason For Sale: Owner/Founder has grown business to a point where it is no longer reasonable to be run by a single individual.
Post sale support
Owner will work with acquirer for up to 2 weeks if desired in order to show processes, etc.
Business has made $150k in profit in the last 3 months (of May 18th 2021)
