Fast Sale of Fiber Supplier FE professionals represented Ganxxet, an ecommerce business focused on selling yarn, wool and other materials for textile creation
Launched in 2014, Ganxxet is a modern fiber supplier that caters to macrame, weaving, crochet, and knitting enthusiasts. They provide eco-friendly rope and yarn for various crafted projects, including macrame wall hangings, plant hangers, jewelry and bags. Additionally, they sell books, gift cards for their own store, and accessories. They have a notable social media following because of digital content like studio tours, tutorials, and informational guides. Company Overview:
Sold to
Private Buyer
• They have their own warehouse for storage and fulfillment that is staffed • Relatively large social media presence with 60.8k follows on Instagram • Many SKUs (over 2,000) and a large amount of inventory to date ($313k) Key Value Drivers:
• 78 Parties Contacted Buyer Interest:
• The transaction was closed within 3 weeks of being listed Process Results:
Ecommerce Consumer Goods
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