Location: Edinburgh, Edinburgh City, UK
Asking Price: £100K – £200K (Furniture, Fixtures, and Inventory included)
Turnover: £50K – £100K
Net Profit: Under £50K
Overview:
Introducing the world’s first hemp fibre eyewear brand, a pioneering venture that successfully merges sustainability with innovation. This established business—operating since 2016—has created a unique sub-category within the eyewear market, tapping into the growing demand for eco-friendly products. With a market-ready product line and untapped potential, this opportunity is ideal for a buyer ready to drive the next phase of success.
Key Financials and Assets
- Intellectual Property: £151,626 (material technology, manufacturing processes, product designs)
- Inventory/Stock: £8,200
- Machinery and Tooling: £18,450
- Last Year of Full Trading (2022): £59,337
Business Highlights
- Unique Market Niche:
Hemp Eyewear stands as a market leader in the hemp fibre fashion accessories sector, catering to a niche but rapidly growing segment of the £157.98 billion (USD) eyewear industry. This pioneering brand not only offers hemp sunglasses but also has plans for watches and other innovative products. - Strong Online Presence:
With a solid average order value of £175 and a loyal customer base of over 1000 individuals, the business has gained traction through organic growth, including press articles and referrals. The absence of paid advertising to date highlights significant potential for further scaling through digital marketing strategies. - Revenue Streams:
The business generates income through multiple channels, including eCommerce sales via a Shopify store, wholesale accounts, and direct shipping to customers worldwide. Custom projects also serve as a profitable revenue stream, appealing to both B2C and B2B markets. - Cost Advantage:
With a product cost of £15 per unit and an established retail price of £175, Hemp Eyewear enjoys substantial margins, presenting a lucrative opportunity for profitability and growth.
Customer Base and Market Opportunities
Hemp Eyewear has successfully sold products to over 40 countries, appealing to environmentally-conscious consumers who prioritize sustainable fashion without sacrificing style. The niche market of “Hempsters” and cannabis enthusiasts represents a significant growth opportunity.
About the Business
Founded by Sam Whitten in 2014 under the parent company Hemp Design Studio, the brand has developed a leading-edge sustainable technology comparable in strength and weight to carbon fibre, suitable for various applications. The business is positioned to lead within both the hemp industry and the global eyewear market.
Business Model and Operations
- E-Commerce Sales: Direct-to-consumer sales through a user-friendly Shopify-powered online store.
- Wholesale Sales: Partnerships with select global retailers.
- Fulfillment and Logistics: Efficient shipping from Edinburgh, with the option for third-party logistics.
- Manufacturing Capacity: Increased production capacity from 500 to 2,500–5,000 units per month, with minimal investment required to expand operations.
Conclusion
Hemp Eyewear presents a unique opportunity for a buyer looking to enter the sustainable fashion market. With established intellectual property, a loyal customer base, and significant growth potential, this brand is set to thrive in the eco-conscious consumer landscape. With 2022 marking the last year of full trading due to the founder’s change in circumstances, the business is primed for a clean and seamless transition to a new owner ready to capitalize on its innovative legacy.
