- Avg. revenue /month$2,922
- Avg. sessions /month5,356
- Avg. profit /month$3,200
- Inventory value$600
Why this business was started
I started this business because I wanted to deliver the most unique and innovative home and travel products. Creating a private label brand was also my #1 priority as I have a direct line to the manufacturers with special pricing due to my on going relationships. The store comes with it's own fulfillment center and employees who process and ship orders within 24-48 hours worldwide.
The reason of selling this business
The reason for selling is because I have built it up to the point where it is profitable and growing. This allows someone to take it over and grow/scale the business. My specialty is building stores, automating it and getting new business owners to hit the ground running with an established business.
What's involved in running this business
Private labeling has been complete for one of the products along with professional photos and video ads. It is currently in the process of being posted onto the site with fully updated product descriptions. The supply chain management is already automated in the back end which includes inventory storage, daily fulfillment and customer shipments by employees. You will also need to set aside at least 1 hour per day on customer service support. The current marketing strategy involves advertising and brand awareness campaigns through Facebook, Instagram and Google. The products are also undergoing the process to be available in Walmart & Amazon Canada/USA.
Traffic and Performance
- Avg. revenue /month$2,922Verified
- Avg. sessions /month5,356Verified
- Avg. profit /month$3,200
- Inventory value$600
- Profit Margin18%
- Avg. sales /month550
- Shopify plan
- Inventory warehouse
- Store Apps
- Facebook and Google Ads
Logo and branding assetsAll inventory will be included in the transfer of the store. Also, all original brand assets will be delivered through a Google Shared drive or can be sent via email. This will include all the original LOGOs, Product pictures, product videos, image ads. There are in total about 7 products with around 30 images/videos each which will be provided.
Personal support after saleI will provide up to 1 week after sale and support. This will also include some training and guidance in how to grow the business. Web calls can be used for the training
Product photosAll the product photos and images used for advertising on and off the store will be sent to the new owner through Google Shared Drive or through email. These can also be sent at the preferred method chosen by the new buyer as well
How to grow this business
The current strategy is brand building and awareness. This should continue through various media channels and advertising platforms. Also, private labeling and customizing the products that are proven to work in the marketplace will help build the right reputation for the brand. This can be done easily with the relationships already established with the manufacturers
Skills to have
There should be a basic understanding of how to navigate through Shopify as well as add/update products. Also, since most traffic is driven through Facebook Ads and Google Ads, some experience is necessary on how to advertise on those platforms. You will need some marketing and sales skills which include editing images, video ads, creating engaging copy, etc. Also, navigating through Facebook Business Manager by creating campaigns, ad sets and ads will be important to understand as well. I will provide training, knowledge transfer and support during the sale process and some after sales support. The entire store is also in English as well as customer support and communication
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.