Full-Time

Strategy & Acquisition Analyst

Posted on 10/15/2024

OpenStore

OpenStore

51-200 employees

Acquires and manages online businesses

Consulting
Consumer Goods

Mid

Miami, FL, USA

Category
Business Research
Strategy Development
Business & Strategy
Required Skills
SQL
Business Analytics
Excel/Numbers/Sheets
Requirements
  • 2-4 years of relevant experience in finance, consulting, or business analytics.
  • Prior M&A experience is a plus.
  • Familiarity with e-commerce and consumer retail is preferred but not mandatory.
  • Strong attention to detail and a collaborative spirit.
  • Proficiency in Excel and Google Sheets; knowledge of SQL and coding is a bonus.
Responsibilities
  • Conduct in-depth analyses and due diligence on potential acquisitions.
  • Assess how these businesses fit within the OpenStore ecosystem, employing both quantitative and qualitative metrics to determine their value.
  • Identify key risks and actionable opportunities post-acquisition, supporting your findings with data and comprehensive memos for leadership.
  • Take ownership of your own deals, making impactful decisions and executing strategies that align with our objectives.
  • Work closely with various teams, including Operations, Finance, Marketing, Product Development, and Engineering, as well as with the founders of target companies.
  • Share your insights with the operating team to help them understand market trends, competitive dynamics, and growth opportunities.
  • Engage with a talented team that values teaching and learning.

OpenStore operates in the e-commerce sector by acquiring online businesses, managing them for a year, and selling curated products from exclusive brands. The company guarantees original owners a set monthly income during the management period, providing financial security as they transition out of their business. OpenStore generates revenue through the sale of these curated products and from reselling the businesses it acquires. What sets OpenStore apart from competitors is its hassle-free acquisition process, which can be completed in as little as two weeks, making it an attractive option for online store owners looking to sell or those wanting a hands-off approach to business operations. The goal of OpenStore is to create a seamless experience for online business owners while ensuring they receive a steady income during the transition.

Company Stage

Late Stage VC

Total Funding

$133.3M

Headquarters

Miami, Florida

Founded

2021

Growth & Insights
Headcount

6 month growth

-11%

1 year growth

-19%

2 year growth

-18%
Simplify Jobs

Simplify's Take

What believers are saying

  • OpenStore's $5M investment in Kansas City hub enhances logistics efficiency.
  • OpenStore Live events foster community engagement and brand loyalty.
  • Expansion in Miami reflects growth commitment and attracts top talent.

What critics are saying

  • Increased competition from e-commerce aggregators like Thrasio and Perch.
  • Potential over-reliance on Shopify's platform poses business model risks.
  • Rapid expansion could strain financial resources if not matched by revenue growth.

What makes OpenStore unique

  • OpenStore offers a unique blend of acquisition, management, and resale services.
  • The company guarantees a set monthly income during business transitions.
  • OpenStore finalizes business purchases in as little as two weeks.

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