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Private listing #772053

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  • Avg. revenue /month
    $1,711
  • Avg. sessions /month2,379
  • Avg. profit /month
    $300

Business Story

Why this business was started

Shopify Business Valuation: $18,850.00

Profitable premium men's grooming dropshipping Shopify store with elegant & professional design optimized to maximize conversions (fully responsive to all screen sizes), proven sales track record, great product as well as large gross profit margins (more than 50%).

The website was initially launched in July'19 as a general store and has generated more than $27,000 in sales. In this period I have tested, validated, and sold multiple products.

I came across this men's grooming product in Feb'20 and found it to be very useful and profitable from a sales point of view. Hence, I converted this general store into a one-product store. I am looking for a deal on the profit generated after the conversion from a general store to a one-product store.

Just imagine, you are getting a branded website, more than a year old as a starter website, and at a fraction of the price with a winning product - ready to scale!

Since its one-product launch in March 2020 the store has generated $3544 in revenue. In this period happilycurated had $2,089 of expenses, COGS (inc. shipping) $583, which resulted in $2,916 gross profit and $818 net profit.

I started selling this product because I saw a gap in the men's grooming market - specifically for men who have a particular pain point which is a solid foundation for the single SKU we offer on the store. Once I started selling this product, I realized that there are men all over the world that NEED this product. I have validated this with over $3.5K+ in revenue from March'20 - May'20. This clearly shows that this business can still be profitable in a worldwide pandemic situation due to COVID-19.

The reason of selling this business

I've been in the e-commerce space for a long time now and have built and scaled multiple Shopify/Dropshipping stores. I love to learn about consumer psychology and behavior and it helps me market the right product to the right audience. I need some cash flow for my other projects and want to sell this store to someone who is looking to start with dropshipping and e-commerce. This is perfect for beginners who are looking to grab a profitable store at a very affordable price with a tested product - ready to scale.

I will ensure the potential buyer gets a thorough walkthrough of the store and post-sale support for as long as they need to feel comfortable.

What's involved in running this business

There are 3 components to running this business:

1) Social ads: Structure and run the ads. I have seen a low cost of customer acquisition numbers and have used the same creative for nearly all of our sales. Sometimes I will test the targeting, but there is definitely room for improvement for someone who is experienced with social media ads.

2) Fulfillment: My fulfillment agent ships the product directly to our customer. You don't have to worry about any inventory. The shipping times are great. My agent has their ERP connected to my Shopify store and they can see all the new orders which they dispatch within 2 business days.

3) Customer Support: This is a very low maintenance demographic and very few customers check in about their order status. We may see an email or two every week or so, therefore customer support only requires about 5 mins/day.

I have an EXCELLENT Facebook Feedback score!

This business was founded: over 1 year ago
Time to run this business: approximately 7 hours per week

Traffic and Performance

  • Avg. revenue /month
    $1,711
    Verified
  • Avg. sessions /month2,379Verified
  • Avg. profit /month
    $300
  • Profit Margin25%
  • Avg. sales /month30
Other details about profit: L3M Revenue - $3544 L3M COGS - $583 L3M FB Ad Spend - $1574 L3M Shopify + App Charges - $515 L3M Profit - $872
Total revenue
  • $27,375
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 38,067Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $9
      /year
    • Facebook
      $500
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Already uploaded on the store, however I will share the original assets via Google drive.
    • Personal support after sale

      1. Detailed KT of the store. 2. Details on ad creatives. 3. Details on product description and conversion metrics. 4. How to handle customer support. 5. Introduction to the private agent to fulfil orders. 6. 1 month post-sale extended support.
    • Domain

    • Product photos

      Already uploaded on the store.
    • Social media

    • Suppliers

      I will introduce the existing supplier (private agent) to the new owner.
    • Mailing List

      1,400subscribers

    Seller‘s Advice

    How to grow this business

    Over the next 5 years I can foresee:

    1) Further diversification of the product lines. I have mastered the art of selling a single SKU, however the same customers are the ones who will buy related products

    2) Overtime, I hope to see this store moving to a subscription model in the men's grooming space. This will provide a steady and diversified revenue stream for the future owner.

    Skills to have

    There are 3 components to running this business:

    1) Social ads: Structure and run the ads. I have seen low cost of customer acquisition numbers and have used the same creative for nearly all of our sales. Sometimes I will test the targeting, but there is definitely room for improvement for someone who is experienced with social media ads.

    2) Fulfilment: My fulfilment agent ships the product directly to our customer. You don't have to worry about any inventory. Shipping times are great. My agent has their ERP connected to my Shopify store and they can see all the new orders which they dispatch within 2 business days.

    3) Customer Support: This is a very low maintenance demographic and very few check-in or bother in anyway about their order. We may see an email or two everyday, therefore customer support only requires about 5 mins / day.

    I have an EXCELLENT Facebook Feedback score :)

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