My quick analysis: Their margin is 7-12%, and they probably spend 5% on processing fees and postage, for a net margin of about 5% which on a volume of $100k/da

My quick analysis: Their margin is 7-12%, and they probably spend 5% on processing fees and postage, for a net margin of about 5% which on a volume of $100k/day is roughly $5k or $1.8M. The marketplace is also highly competitive and they probably spend a large amount on ads, but still a nice business. My guess is the founders have been eating ramen the whole time because of the working capital requirements of this business, so this looks like a well deserved payday.