All prices in USD

Private listing #761836

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$79,995
  • Avg. revenue /month
    $19,440
  • Avg. sessions /month17,641
  • Avg. profit /month
    $7,000
  • Inventory value
    $25,000

Business Story

Why this business was started

There's a strong need for high-performance masks. People are confused by the various types of masks available. We want to help people to understand the difference between high-quality medical-grade masks and run-of-the-mill and ultimately giving our customers the best protection possible.

The reason of selling this business

I have a number of other e-commerce ventures that I need to spend more time on. This store could be significantly more profitable with more attention, in particular with an expansion to eBay/Amazon (or in conjunction with existing eBay/Amazon presence if you already have one)

What's involved in running this business

Marketing is the key and the rest are super easy. Keep exploring and growing marketing channels will help sustain and grow profitability. At the current revenue level, the cost of customer service by a VA should be no more than $100 a month. With just about 10 unique SKUs, fulfillment is handled by a 3p FC in LA.

This business was founded: 11 months ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $19,440
    Verified
  • Avg. sessions /month17,641Verified
  • Avg. profit /month
    $7,000
  • Inventory value
    $25,000
  • Profit Margin32%
  • Avg. sales /month250
Other details about profit: Product cost is about 30 %, fulfillment 10 - 11%, advertising 20%, credit card processing 3%, content (graphics/copywriting/video) 2%, misc. 2%. net 32%
Total revenue
  • $213,840
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 194,053Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $100
      /month
    • Domain
      $12
      /year
    • various shopify apps
      $100
      /month
    • Various advertising channels (not FB or Google)
      $4,000
      /month
    • Fulfillment
      $2,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      everything in google drive
    • Personal support after sale

      2 months of consulting/advisory services - up to 2 hours a week. We have a 15 day return policy but returns are extremely rare. We will take care of any refund/dispute from sales prior to the shop transfer. Whatever I can do to help.
    • Domain

    • Product photos

      everything in google drive
    • Social media

      Not Included
    • Suppliers

      We will make introductions. Good reliable low cost suppliers (primarily just two)
    • Mailing List

      4,000subscribers

    Seller‘s Advice

    How to grow this business

    With a stable 30% net margin and a small number of marketing partners, as a standalone site, there's potential for growth in many areas:

    1. Expanding marketing partnership/channels. Continue to identify efficient marketing venues.
    2. Build a social media presence and leverage influencers. We have not invested in this area at all so far.
    3. Test pricing strategy. We have not significantly adjusted our pricing during the past several months while the cost of many of our products has declined. Testing lower price points may bring volume growth and lead to higher overall profit.
    4. Expand online chat and telephone order channels. We believe there is an underserved older customer base that would feel more comfortable placing orders via phone. We do currently have a phone number for customer service but we have not advertised it as a channel for placing orders.
    5. We believe fulfillment cost can be reduced from the current ~$10 (fulfillment center fee/packaging plus shipping cost) to ~$6. We have been mostly using the more expensive priority mail. This would increase the margin by 4-5%.

    There are many other opportunities if the business is part of a wholesale healthcare product business or in conjunction with an Amazon/eBay presence. This site has generated many wholesale / government contract leads in the past several months.

    Please note that the business has been fully operating for the last 5-6 months, while the Shopify store was registered 10 months ago (the domain was registered 7 months ago). All the businesses mentioned in this offering were conducted since September of 2020. However, due to Shopify’s requirement of calculating the average over the entire period from registration, the revenue, cost, and profit were averaged based on 10 months despite no business was conducted prior to October 2020. (e.g. revenue average $40K/month, with a profit of $12k/month for the last 5 month)

    Skills to have

    Knowing something about marketing would be helpful.

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