All prices in USD
  • Avg. revenue /month
    $7,942
  • Avg. sessions /month1,536
  • Avg. profit /month
    $7,825
  • Inventory value
    $15,000

Business Story

Why this business was started

I came from a background of web development/design and digital marketing. I was an employee of this store as a manager at the brick and mortar level and I also helped to build up the digital marketing side. I bought and took over the store, rebranded, built up and added more corporate clients and everyday customers. We've done a lot of front shop renovations, organizing, merchandising as well as implement various tech system to assist in bringing in and managing new clients. We've shown substantial increase but I'd like to move on to the next project and with a new born in our lives, the next stage of our life.

The reason of selling this business

While there's still room to grow in this business, the challenges I like the most are the things involved in starting up a company like organizing and implementing systems to streamline the business process for both owner and customer. I feel we have accomplished this to a greater degree and now would like to move on to other projects, other web-based businesses.

What's involved in running this business

The brick and mortar aspect of the shop has been streamlined to take customers who book us online to have consultations of their next event either by phone or in person at the shop. We have technology to do screen-sharing and video conferencing if it's by phone but we also do an in person one-on-one at the shop. It's a very V.I.P. approach and the orders are often quite large. We have a good number of corporate clientele as well that order from us on a regular basis for sales events, conferences, and company parties. We build unique balloon bouquets and decor for birthdays, weddings, anniversaries, bar-mitzvahs, retirements, bridal showers, baby showers, corporate events and just about any other event that can be celebrated. We build custom designs at the shop for pick up and delivery to local companies, banquet halls and homes.

This business was founded: about 2 years ago
Time to run this business: approximately 40 hours per week

Traffic and Performance

  • Avg. revenue /month
    $7,942
    Verified
  • Avg. sessions /month1,536Verified
  • Avg. profit /month
    $7,825
  • Inventory value
    $15,000
  • Profit Margin52%
  • Avg. sales /month145
Other details about profit: Profit margins are relatively high for this industry.
Total revenue
  • $206,501
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 39,956Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $50
      /month
    • Retail space rental
      $1,820
      /month
    • Employees
      $3,000
      /month
    • Domain
      $20
      /year
    • HubSpot
      $80
      /month
    • Email
      $10
      /month
    • Other Apps
      $60
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      All logos are transferred as digital assets.
    • Personal support after sale

      There is some certification and training provided. I'm offering 30 days on-boarding and an additional 3, 6, or 12 month contracted management and marketing services.
    • Domain

    • Product photos

      They can be transferred as digital assets but are readily available on Shopify.
    • Social media

      Total followers1,500subscribers
    • Suppliers

    • Mailing List

      4,500subscribers

    Seller‘s Advice

    How to grow this business

    I would try to franchise the shop or open another location corporately.

    Skills to have

    Management, tech and customer service skills.

    Share

    VS
    Victor S.Current store owner
    I'm a digital marketer and entrepreneur at heart. I love the challenge of building up businesses and have done so for about 5 years now. I love what I do and always looking to be in an environment where I can learn more.

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