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Arebos | arebos.de | Germany
D2P CASE 268

AREBOS: Scaling Beyond the Individual eBay Seller

AREBOS evolved from a founder-led eBay operation into a technology-enabled, multi-brand and cross-border e-commerce business. ERP development, brand registration, fulfillment investment, marketplace diversification and international expansion supported scale, although the available evidence does not isolate the effect of any single decision.
BEFORE2005–2008: The founder sold car-polishing products on eBay.de and personally handled sourcing, purchasing, sales, and customer service.
AFTERIn 2023, Canbolat Holding generated €84.160481 million in consolidated revenue, including about €82.095 million from e-commerce, with 140 average employees.
OUTCOMESuccess
MODELOwn-brand and multi-brand products sold through arebos.de and multiple third-party online marketplaces, supported by in-house e-commerce ERP, supply-chain and fulfillment capabilities, cross-border expansion, and direct-to-consumer sales.

Full Story

Background & Opportunity

AREBOS’s starting point was highly personal: from 2005 to 2008, Korhan Canbolat sold car-polishing products on eBay.de and personally handled product selection, purchasing, sales and customer service. That model could work at small scale, but increasing product, order and channel complexity created a structural problem. The business needed repeatable systems rather than continued dependence on the founder’s time. During 2009–2012, Canbolat Vertriebsgesellschaft mbH was established and the company developed Athenos, an e-commerce ERP system that AREBOS describes as one of the early pure-play e-commerce ERP systems. AREBOS was registered as a brand in 2011. The strategic shift was therefore not simply to sell more products; it was to build the technical and organizational infrastructure required to operate a broader assortment across more channels. From 2012 to 2019, the company used software development for its own needs and invested in fulfillment, warehouse real estate and overseas activities during 2017–2019. Its model combined own-brand and multi-brand products, arebos.de, third-party marketplaces and direct-to-consumer distribution. The assortment spans DIY tools, outdoor products, home goods, sports and children’s products. The available financial evidence indicates the scale reached by the wider Canbolat Holding group. In 2023, consolidated revenue was €84.160481 million, including about €82.095 million from core e-commerce. Consolidated net profit was approximately €1.30396 million, with 140 average employees. These figures are not reported as AREBOS-brand-only results. Official AREBOS information states that, by the status shown on its 2026 pages, the business covered 13 countries and 17 online markets. The evidence supports a capability-building journey, but it does not quantify the contribution of any one initiative.

Original Problem / Model

The initial challenge was founder dependence: one person handled the core commercial workflow.

Turning Point

More products, orders and markets required automation and repeatable processes.

Core Decision

A single eBay channel and one national market would constrain future scale.

Execution / Model / Acquisition Changes

Athenos ERP and later software development created an internal operating capability.

Measurable Results

Brand building, fulfillment investment, marketplace diversification and international expansion broadened the model.

Lessons

The case shows scale, but group-level results cannot be assigned to one decision alone.

Scale requires systems, not just more sales.

Deep Analysis

Option B best matches the documented strategy. AREBOS moved from manual founder-led selling to an internally developed ERP, own-brand and multi-brand operations, fulfillment investment, marketplace diversification and cross-border expansion. This reduced dependence on one channel and created infrastructure for complexity. The 2023 Canbolat Holding figures—€84.160481 million in consolidated revenue, about €82.095 million from e-commerce, approximately €1.30396 million in consolidated net profit and 140 average employees—show substantial scale, but they are group-level figures and cannot be attributed to one decision alone. Key risks remain marketplace commissions and traffic dependence, supplier and inventory exposure, cross-border logistics, and intense competition in home and DIY categories. The brand and proprietary system may raise switching costs, but the available sources do not quantify that effect.

Turning Point

The key turning point was upgrading product selling into a technology-led operating system: Athenos ERP development in 2009–2012, brand registration in 2011, software work, fulfillment investment, overseas operations and multi-market expansion.

Before vs After

Before
Founder-led eBay.de sales depended heavily on personal handling of sourcing, purchasing, sales and customer service.
After
A multi-brand, multi-channel and cross-border e-commerce operation supported by ERP, fulfillment capabilities and international market coverage.

GoGoUp Five Powers

Discover5/5
★★★★★
Analyze5/5
★★★★★
Execute5/5
★★★★★
Decide5/5
★★★★★
Create5/5
★★★★★

Discover5/5

Identify where manual selling creates bottlenecks as products, orders, channels and markets multiply.

Analyze5/5

Separate scalable capabilities from channel dependence, while testing platform, supplier, logistics and competitive risks.

Execute5/5

Build ERP and fulfillment capabilities, register brands, diversify marketplaces and invest in cross-border operations.

Decide5/5

Prioritize infrastructure and channel diversification instead of remaining dependent on eBay.de or Germany alone.

Create5/5

Combine technology, own brands, multi-brand assortment and direct-to-consumer distribution into a repeatable operating model.

AREBOS scaled by building the operating infrastructure behind e-commerce, not by relying on one marketplace or one country.
Evidence / Sources
AREBOS’s official timeline records the eBay origin, company formation, Athenos ERP, 2011 brand registration, software development, fulfillment investment and international expansion. Fusionbase reports 2023 Canbolat Holding consolidated revenue of €84.160481 million, about €82.095 million in e-commerce revenue, approximately €1.30396 million in net profit and 140 average employees. AREBOS states coverage of 13 countries and 17 online markets. Group figures are not AREBOS-brand figures.