- Avg. revenue /month$22,239
- Avg. sessions /month8,744
- Avg. profit /month$7,000
- Inventory value$10,000
Why this business was started
I saw a gap in the market for high quality Leather Lifestyle Products. Being a women and a mum, I based all my designs on bags that could be used along with the progression of life. A diaper bag then becomes an Overnight Bag, a student laptop bag becomes a Corporate Business Bag.
The reason of selling this business
I want to dedicate more time to my little family. These young years are the most precious and Wild is growing every month that it is taking more time away from my family as I have to focus more on the business.
What's involved in running this business
We have a factory of 14 staff, some of them cut patterns, some prepare the bags with glueing the panels together, some are table hands, and some are stitchers. We have a factory manager and an admin assistant. We have an excellent customer communications policy. We update our customers on a regular basis via email. Our store has a 4 week manufacturing period. Basically a client will order and pay for a product and 4 weeks later they will receive it. During that time we keep them updated. I do believe that this is one of the reasons our return customer percentage is so high. We do not fulfill our orders manually, everything is done through the website. Once a week when we are ready to dispatch we download from an app all those customers shipping labels and it automatically sends out an email to the clients informing them that their parcel has left and their tracking number. I don't do any market research, I don't follow any of the brands that make Leathers Bags in South Africa. I do collaborate with other brands in South Africa to run a monthly giveaway based on liking and sharing or tagging friends. My customers are 90% women, everyone needs a bag, every single women in the world needs a bag and I am just designing bags that I enjoy using , that I need. I do customers who request special designs and from time to time I will take on the project. As far as advertising goes, I do sometimes run an ad on Facebook but my reach thus far has been very organic, which is something I try and keep to. We have started to do a few mens items as well, which is a whole new sector we haven't explored as yet.
Traffic and Performance
- Avg. revenue /month$22,239Verified
- Avg. sessions /month8,744Verified
- Avg. profit /month$7,000
- Inventory value$10,000
- Profit Margin30%
- Avg. sales /month200
- Shopify plan
- Inventory warehouse
- Retail space rental
Logo and branding assetsall marketing material, which would all be digital. We will be using Dropbox Or Google Drive. We also have a spreadsheet of all orders with client details that we can send on Google Drive. We also have 10 000 subscribers on Mailchimp which we will transfer over to the new owner.
Personal support after saleI will help as much as needed, I am sure the new owner will grasp the concept of the business very quickly. I will show them how pattern cutting is done, how to export and ship orders, the website and everything and anything else concerned with the Business. I will help the new buyer understand how the website works, and how all the social media accounts work together. I will introduce all suppliers to the new owner, I will go through spreadsheets that have made our process easier and quicker. I will be available to answer any questions. A realistic time frame which I feel would be sufficient time is three months of full support from myself.
Product photosDropbox, or whichever preferred method
SuppliersI have a relationship with all my suppliers, and I stick to the ones whom have provided excellent service and support. All information will be passed on to the new owner.
How to grow this business
There is major scope for Wild and Free, there are avenues such as opening a few retail stores, drop shipping, wholesale as well as entering the corporate gifting sector. There is a big opportunity to enter the corporate gifting sector which we haven't explored as yet. Also supplying outlets is a major opportunity.
Skills to have
A person looking to run a manufacturing business needs to be forward thinking, you need to be able to communicate to your staff as well as be a great marketer. The biggest challenge in manufacturing is stock , which is also the biggest priority as with manufacturing and all the parts that go together , these take approximately three weeks to order. Manufacturing Leather Bags is a very exciting sector to be in, the elusive lifestyle of adventure and freedom and you need to be able to create and design bags that fit into that "dream". As well as cater for all the new mums to be who require diaper bags. There is major scope to grow this business. You need to have a finance background, I started this business with no finance knowledge which hindered me but along the way I have taught myself, and hired an accountant.... The Business can be taken to Brick and Mortar, Trade Shows, Weekend Markets and Internationally. We have a demand , you have to keep your staff motivated, encouraged and be a person whom can handle all the challenged that are thrown to you on a daily basis. It is overall a very exciting lovely environment. Creating is the best.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
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.