Famme status

Depending on how well we execute the last part of 2021, we might reach 100 million in sales in 2021.

We are 5 months in with 22.5 million in revenue. If the growth we have had continues and we assume that the last part of the year performs double the first half and assume a very bad June , we will easily reach 25+25*2 = 75 million.

That is without any external investors. we may further accelerate growth by using our private funds, where we in total have a few million NOK that could be spent.

We have managed to automate our warehouse in Norway and will invest further in automation for the new warehouse in Sandefjord which will be 1500 m2 to start with, and we must take 1000 m2 in 2 years.

Furthermore we have tested a 3PL in the Netherlands and have already sent our first pallets to this 3PL.

Department status

Customer service

We use:

Notes:

Marketing

We use:

Notes:

Development

We use:

Notes:

Purchasing

We use:

Notes:

Accounting

We use:

Analytics

March was the best month so far this year. We have a good returning customer rate, all months have been between 35% and 45%.

jpg

The average order value is about 600 NOK. The customer usually gets 2-3 items for that price.

We do not have good enough data for this, something we need to do better analysis on. But a back on the envelope calculation:

# 0.8 to remove the VAT. Assuming cost of goods for average order is 200 (probably less). 50 NOK average shipping. 
600*0.8 - 200 - 50 = 230 NOK 

So the average order will give us 230 NOK.