All prices in USD
$750,000
  • Avg. revenue /month
    $38,192
  • Avg. sessions /month4,574
  • Avg. profit /month
    $30,000
  • Inventory value
    $2,500

Business Story

Why this business was started

There were no products on the market that were thoughtfully designed to meet customers demands while maintaining a quality level to be proud of. As a design engineer I enjoy inventing new products and solving problems. I have also had the great opportunity to improve people's lives all across the country our products.

The reason of selling this business

The company is growing at a rate so fast that it requires slightly different operations and management strategies. An increase in capital and an operations manager is required to take this company to the next level - a significant market player. As a design engineer and entrepreneur my expertise lies in starting companies from scratch.

What's involved in running this business

Our business model is more hands on than a drop-shipping business. To operate the business effectively a warehouse located on the west coast (or Nevada) of approximately 5k-10k square feet would be necessary. Connections to a marketing/videography service if not done in house, two employees (receptionist & technician), and an owner/operator with experience dealing with factories overseas.

This business was founded: about 3 years ago
Time to run this business: approximately 40 hours per week

Traffic and Performance

  • Avg. revenue /month
    $38,192
    Verified
  • Avg. sessions /month4,574Verified
  • Avg. profit /month
    $30,000
  • Inventory value
    $2,500
  • Profit Margin18%
  • Avg. sales /month150
Other details about profit: Additional 10% revenue from Amazon/Ebay.
Total revenue
  • $1,451,300
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 173,826Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $90
      /month
    • Inventory warehouse
      $2,200
      /month
    • Employees
      $1
      /month
    • Domain
      $20
      /year
    • Shopify Apps
      $80
      /month
    • Digital
      $2,500
      /month
    • Tax calculation, photo editing
      $100
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      File Transfer
    • Personal support after sale

      1 Month Free Comprehensive Help - Guidance in operations & support Additional 11 Months for a 2% Royalty on Shopify Sales - Will provide 2 hours of assistance per week - Will help with 2020 product line
    • Domain

    • Product photos

      File Transfer
    • Social media

    • Suppliers

      Not Included
    • Mailing List

      1,600subscribers

    Seller‘s Advice

    How to grow this business

    Continue to improve products based on latest technology and supplier capabilities. Increase advertising spending. Improve efficiency by reducing importation length. Increase purchase volume to prevent product from selling out. Raise prices.

    Skills to have

    Minor technical knowledge, electronics, fulfillment.

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