All prices in USD
$125,000
  • Avg. revenue /month
    $3,257
  • Avg. sessions /month1,636
  • Avg. profit /month
    $3,000
  • Inventory value
    $60,000

Business Story

Why this business was started

I have had a passion for jewelry and accessories for years. I found leather a few years ago and realized what an amazing material it was for jewelry. I started making earrings for myself and my friends, and quickly had requests to sell. What started out as a side hustle has quickly become a full time business with sales over $100,000 a year and rising.

The reason of selling this business

While this has become a huge passion of mine, I have a full time job that I also love and I’ve realized that this brand could be even bigger in the hands of someone who has more time to devote to it. I have a built in audience and loyal customers, as well as daily new customers who become repeat customers. I have prepared this business to explode in 2021 and beyond! During a pandemic, when many shops were closing, we expanded into wholesale and are currently averaging $16,000 in sales (most on wholesale, not on shopify- when purchasing this brand, all wholesale comes with it as well). If I had the time I would start monthly subscription boxes, launch our own wholesale website (has been requested by current wholesale customers on the wholesale platforms we sell on), jewelry displays, and other products lines- all things my customers are requesting but I don’t have the time to provide currently.

What's involved in running this business

Sourcing leather (I have established vendors as well as vendors to make custom leather), cutting (by machine) and assembling earrings, listing items and shipping orders. Run social media (Facebook and Instagram). Manage Shopify and Etsy pages, along with wholesale sites (new in 2020) on Faire, FashionGo and OrangeShine.

This business was founded: over 3 years ago
Time to run this business: approximately 30 hours per week

Traffic and Performance

  • Avg. revenue /month
    $3,257
    Verified
  • Avg. sessions /month1,636Verified
  • Avg. profit /month
    $3,000
  • Inventory value
    $60,000
  • Profit Margin40%
  • Avg. sales /month200
Other details about profit: Starting in 2020, our sales are mainly off shopify, with our wholesale sales on Faire, Fashiongo and Orangshine. We have not been focusing on our retail/shopify site due to the explosion of our wholesale. Sales for 2020 was $112,000- and we are on track for closer to $200,000 in 2021- with most of the years products purchased and planned. In 2020 I reinvested almost everything back into the business, so 2021 and beyond will be HUGE for profits. All the work has been done, groundwork laid, for this brand to continue to be a huge profit and sales producer. This product has a high profit margin, and I also am on the low end of what I charge customers compared to other companies, so prices could be raised for an even higher profit. With the inventory I have a buyer would not have to purchase any inventory for likely the entire year, as I’ve bought product for every season of 2020 and 2021 and even planned out launches etc. I also have an Etsy shop with almost 9000 sales, which is where I started my brand in 2017 (joined Shopify in end of spring 2018). Etsy itself is a constant revenue stream and I do no advertising of it. It brings in $50-100 a week, almost $500 a week during the holiday season. The profit from Etsy alone pays all our taxes for the year and then some. I also now have wholesale (selling) accounts on Faire, FashionGo and OrangeShine. In 2020, even with Covid, I have averaged around $11,000 in wholesale sales each month. Faire sales were $50,000 for 2020 (launched May 2019), while FashionGo launched February 2020 and OrangeShine launched March 2020. In Jan 2021, we are on track for around $16-17,000 a month in sales. The sales just continue to grow, with NO marketing expenses. Purchasing this business means you are purchasing the LLC, the trademarked brand name, all the wholesale platforms (many of which are not accepting new applications), as well as over $60,000 in inventory, custom designs, all machinery, supplier lists, social media, email lists, EVERYTHING!
Total revenue
  • $143,295
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 71,987Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $69
      /month
    • Inventory warehouse
      $0
      /month
    • Employees
      $200
      /month
    • Domain
      $20
      /year

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Via email or whatever buyer prefers (Dropbox, google photos etc)
    • Personal support after sale

      I am happy to help provide assistance and would be willing to stay on as buyer or creative consultant for a fee. I will also answer any questions, provide details and assist in the transition
    • Domain

    • Product photos

      Dropbox or google photos
    • Social media

    • Suppliers

    • Mailing List

      2,022subscribers

    Seller‘s Advice

    How to grow this business

    I would start a subscription box, which would be a constant steady revenue stream. I would add more exclusive designed leathers. I would sell more accessories, such as purses and other products for women. I have looked at making jewelry holders for the home and get asked a lot to sell them. In 2020 I have focused on wholesale off this website, and plan to open wholesale on Shopify in 2021. I would also look at starting to use brand reps, reach out to bloggers and influencers, currently I don’t utilize them. I also don’t use paid advertising on any social media or other channels so I would see what I could do to advertise. I would also get modeled shots of all products, as well as partner with clothing boutiques to gain more exposure.

    Skills to have

    Basic computer knowledge. I don’t have any design background and most designs I made myself, or with help from my graphic design sister. Someone with design experience not required.

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