All prices in USD

Private listing #863808

URL Hidden
$10,000
  • Avg. revenue /month
    $12,460
  • Avg. sessions /month9,542
  • Avg. profit /month
    $11,694

Business Story

Why this business was started

It was a project my partner and I decide to see how quickly scale during Quarantine. We have a handful of other ventures we really to to move our time into so we want to pass the store on to someone who wants to make some serious money on it long term. To be honest, we saw a hole in the market and we put a store around it and it paid off.

The reason of selling this business

To move onto different ventures. We have many projects in the influencer space that we see ourselves working long term in. The dropshipping store was really a month long project and test to ourselves.

What's involved in running this business

Very simple order fulfilment, maintaining a relationship with the supplier. Very standard other stuff such as managing ads etc.

This business was founded: 4 months ago
Time to run this business: approximately 14 hours per week

Traffic and Performance

  • Avg. revenue /month
    $12,460
    Verified
  • Avg. sessions /month9,542Verified
  • Avg. profit /month
    $11,694
  • Profit Margin30%
  • Avg. sales /month1,200
Other details about profit: During the first week or two of the store we were averaging 60% profit margins, we dropped that to 30% as we scaled really quickly. There is still massive potential to bring it back up to 50% - 60%
Total revenue
  • $49,839
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 38,169Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $16
      /year
    • A few shopify paid apps that aren't super essential
      $50
      /month
    • Facebook ad spend
      $10,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Email, transfer link, whichever is easiest for the buyer! They can have everything from the branding to the ads.
    • Personal support after sale

      We will provide a 3-6 week training for the new owner through the day to day of running the store. We will provide training of the demographic, the market, operations, supplier, future growth and Facebook Ads. We will deliver the support over skype, zoom and email so we can comprehensively explain concepts to the new owner. This will be more than enough for the new owner to get the store up and running and making back his return on investment.
    • Domain

    • Product photos

      We will spend a week or two walking the new owner through the transfer over skype or zoom. The store, supplier relations and ad accounts will all be transferred.
    • Social media

      Not Included
    • Suppliers

      We have a very strong relationship with the supplier. One of the very few in the world who actually follows through and is responsive. We've worked very hard on building this relationship, something that a lot of entertainment type stores would really want.
    • Mailing List

      1,200subscribers

    Seller‘s Advice

    How to grow this business

    To scale this business long term I would emphasis onto growing the brand and becoming the head authority in this space. Also moving international is a really great idea for mass sales. B2B Growth is also something I would look into as there is a huge potential in that market.

    Skills to have

    Basic Facebook ads, Oberlo and Shopify, Customer Service skills. Nothing we cannot teach you to take over the store.

    Share

    Tags

    Similar Businesses

    Sold businesses

    Our features for a secure experience

    Exchange Trust

    • Verified revenue and traffic
    • Secure messaging platform
    • Escrow payment system
    • Dedicated migration team
    Learn more

    Why use Exchange?

    Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores

    Verified listing data

    The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.

    Secure messaging platform

    You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.

    Encrypted payment capture

    Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.

    Take time to inspect the business

    Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.

    Safe store transfer

    When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.

    Post-purchase 24/7 Shopify support

    Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.