Bag2Bed - luxurious foam filled bags that easily convert into comfortable beds

4 days ago

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Summary

Bag2Bed - Australian designed and made foam filled bags (chairs) that convert to a bed in seconds. Product comes in four sizes (junior, double, queen, and king) with both indoor or outdoor options. A

About the Business

Bag2Bed - Australian designed and made foam filled bags (chairs) that convert to a bed in seconds. Product comes in four sizes (junior, double, queen, and king) with both indoor or outdoor options.

ASKING PRICE: $35,000 + SAV (current Stock At Value approximately $4,000)

Detailed P&L Statements and Information Pack available upon completion of Confidentiality Agreement.

OVERVIEW
- e-commerce business selling a multi-use furniture product that is functional yet contemporary, at an affordable price
- Australian owned and made (products manufactured in Melbourne)
- Products are made from the highest quality fabrics available and a high density polyurethane foam (green tag certified)
- Bag2Bed products are suitable for holiday homes, luxury apartments, ski lodges, student accommodation, media rooms and family guest rooms
- Business first commenced in 2004
- Minimal competition (no other bean bag or foam filled product converts into a bed in Australian market)
- Testimonials received from multiple high profile Australian figures

STRENGTHS/ BENEFITS
- Strong supplier relationships in place
- Design patent and trademark in place
- All IT and website support currently outsourced, opportunity to bring this in-house
- Clean and functional website
- Huge growth opportunities for the right operator

WEBSITE
- Website uses WordPress platform
- Domains included:
bag2bed.com.au
bag2bed.com
bagtobed.com.au
bagtobed.com

SOCIAL MEDIA/ DATABASES
Facebook: 487 followers
Instagram: 356 followers
Twitter: 144 followers
Customer database: approx. 600 records

REASON FOR SALE
- Due to changes in their full-time work roles, the current owners (husband and wife) don't have the time or expertise to grow the business (in Australia and overseas).

Contact Cameron Ryan of bbroker on 0411 145 114 for a confidential discussion about this business. Please quote reference BR1376.

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