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$280,000 USD

Private listing #792258

Appears in Services , Trending stores, Ireland, Medium Business, Established stores, Highly Profitable businesses, Private listings

General description

Started by two young entrepreneurs from Ireland back in November 2017, this business has grown massively. We set out to create a service that allows entrepreneurs to start their online business within 24 hours.

To date, we're succeeded in our mission. Offering a service with such a quick turn round has been challenging, yet rewarding! It keeps us way ahead of the competition. This niche in particular, has very little competition and the room for growth is exponential.

Included with the Sale;
• Website, Images & Domain.
• Our Amazing VA's (Customer Support & Store Builders)
• Our Facebook, Instagram & Twitter Accounts (5000 combined likes/followers)
• Our Business Manager & Facebook Pixel (With Winning Adsets, Custom Audiences & LLA's)
• Our Entire Shopify Partner Account (Which includes 12 demo websites & 150 clients paying a subscription fee which we receive 20%)

We currently have 150 clients that are on an active Shopify Plan - We receive 20% of all subscriptions on a monthly basis which at the time of writing this listing is $1,000+ per month in reoccurring monthly revenue.

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• HUMBLE BEGINNINGS
We started this business with a $10 per day advertising budget. We relied solely on re-investing profits back into the business to make it work. We've been able to grow it from $100 - $20,000 per month in revenue over a 6 month period. If you have a marketing budget to scale the ad sets we have, we have no doubt that you'll see rapid growth. We were very limited with a shoestring budget, but made it work!

• OUTSOURCE, OUTSOURCE, OUTSOURCE!
Time is money. We realized this early on. We were spending 80 hours per week doing everything in the business. It soon got to the point where we were able to hire a Virtual Assistant "VA" and that really helped free up our time to focus heavily on marketing. We then went from approx $7k per month to $20k per month in a very short space of time. We then hired two more VA's to cover customer support. We now only spend approx 10 hours per week overseeing the ops and marketing. This could be reduced by hiring another VA. Approx $300/mo for VA's.

• EXPONENTIAL GROWTH
Unlike other businesses on the Shopify Exchange, we're not dropshipping & we don't sell physical products. This is an agency selling digital services. The best thing about this is that it can be outsourced and there are no worries of the business slowing down anytime soon. We've seen rapid growth and we have no doubt this business will go from strength to strength. We're in a very niche market with a great UNIQUE SELLING POINT and ROI.

• REOCCURING REVENUE
We have completed over 200 services. 150 of those are currently on an active Shopify Plan. We receive 20% monthly commission paid to PayPal. At the time of writing this listing, we're currently receiving approx $1000 per month from commissions alone.

SOUNDS GREAT, WHY ARE YOU SELLING?
We want to take the cash from this sale and re-invest it into another business venture that we're more passionate about. This is a side hustle that we're working on. We're in no rush to sell this business as we know that we can grow it to be a multi million dollar agency in the next 5 years.

Financials and traffic

Service based business with an average order value of $180.

Average profit/month

$10,000 USD

Average overall profit margin

100%

Average number of sales/month

105

Lifetime revenue

$40,458.00 USD

Lifetime traffic

29,982 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Expense item

Cost

Shopify plan

$79.00/month

Subscriptions (ie. Mailchimp, apps)

$100.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$8,000.00/month

Employees (Including contractors and freelancers)

$1,000.00/month

Domain

$1.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Q & A

Do you work with any employees, freelancers, or contractors?

Located in the Philippines, this team of three are superstar workers. Each employee takes turns offering customer support, fulfilling orders & building websites for the business. We give them feedback on their performance bi-weekly.

Why should someone buy this store?

Someone should buy this business because of how much potential it truly has. We're ranked very well in Google. We're not dropshipping. Dropshipping businesses fail every day. That winning product that was selling very well floods onto the market and competition swallows your profits. We've done dropshipping successfully, however it's so much harder to copy a great service based business, which is exactly what we have built.

How can the future owner improve the business?

Put more ad budget behind the winning adsets & hire a few more VA's to adjust to the added volume. Utilize Instagram influencers! We've relied on SEO & Facebook Ads to bring in our revenue. Influencers on Instagram are so undervalued.

What work have you put into the store?

Built our main store & 12 demo stores. Created amazing video content for Facebook that has been used in our video ads.

How many hours does it take to run this business per week?

10 hours

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