Overall, we saw about 10% growth in revenue last year. Month-over-month since we bought the business has been anywhere from flat to up 50% - but overall trending around 10-20% higher. Part of that is price increases due to inflation and our suppliers raising prices an average of 10% or more. Profit is harder to say as we don't have a good handle on our cost of goods sold which is a major expense.
We still have a lot of goals but haven't made as much progress on those as we'd like. Some of the big things for the next month or two is just ordering more inventory - which is difficult when we have a dozen or more suppliers and carry over 2,000 products in stock (plus a few thousand more that we drop ship). After that we need to get our bookkeeping cleaned up. I fired our current bookkeeper at the end of January because the person assigned to our account left (or was fired) and hadn't been doing much since November with some fundamental problems still needing to be fixed (like filing our state sales tax reports for Q3 and Q4). The company apologized and offered two months for free - but they've barely done anything since then - including not filing those back tax reports. They assigned a new person to our account and then a couple weeks later she too was gone. I'm not going to try and salvage it and I've identified a couple of other ecommerce specific bookkeeping companies and had initial calls. Now I just need to pick one, make the transition, and probably spend a few thousand on cleaning up the last 6 months of incomplete/wrong work from the original company. Plus, find a CPA since our current company included tax prep as part of their monthly fee but I obviously won't be trusting them to do that.
After those two tasks, we really need to hire a remote employee to help with catalog management and some other things. Making sure prices are updated, products we list are actually in stock with our suppliers, fix listings, some basic customer support via email, etc. I'm spending way too much time in the weeds doing $10/hour tasks instead of $100/hour tasks.
Our original goal was to move to a new ecommerce platform/shopping cart by this summer. However, that seems very unrealistic at this point until we can get some of these other issues taken care of.
I'm also looking to get some trademarks for a new brand we're starting for our private label products. Those make up about 10% of our sales and since they're exclusive to us, we're not competing against dozens of other stores using the same suppliers.
On the plus side, our suppliers are starting to get things back in stock that in some cases we've been waiting for since the fall. There's still issues but it's not as bad as it was around Christmas.