What it is: A 6-year-old made-to-order e-commerce brand selling large, hand-painted original artwork. Nothing is painted until a customer orders, so it carries no inventory.

The numbers: The price is $12.7M, or 4.3x profit, for a brand with no stock to buy or store.

Why it stands out: Customers approve photos and videos of their painting before it's framed and shipped, a step the broker credits for the $1,500 average order and 25% repeat rate. Output has nearly quadrupled since 2022, yet a team of contractors handles day-to-day work and the seller puts in 10 to 20 hours a week.

Who it suits: An e-commerce operator who's strong with paid social and search ads, or a home décor company that could add sales to interior designers, hotels and offices.

Things to consider:

• The US framing and fulfillment setup is about 40% built. Find out what's left to finish and what it will cost, since the broker expects it to handle most orders and cut shipping costs.
• Paid ads bring in most new customers, so changes in ad costs flow straight to profit.
• Every painting comes from a global network of contracted artists. Understand how they're managed and how quality stays consistent at more than 12,000 paintings a year.