- Avg. revenue /month$25,702
- Avg. sessions /month38,018
- Avg. profit /month$1
- Inventory value$150,000
Why this business was started
I love digital businesses, I was looking for a project in the ecommerce sector and I found a product that I KNEW was gonna be a hit:
- Huge margins
- Low AOV (good for the beginnings. Now we have increased it a lot!)
- "Wow! factor" - It's a new product that has become a trend in Germany an Spain
In a couple of months, we had been featured in: Vogue, Cosmopolitan, [REDACTED] other "fashion brands", business was growing!
Since then, I've invested A LOT in the brand, increased the [REDACTED] after two years working... we had a brand that people love! (And that is selling in the best retails of Spain) :)
The reason of selling this business
This is probably the most important question. There are several reasons:
- A year ago we went through a pretty tough period. Our "cash" is now in form of inventory. Sales continue to be there, but we have not much cash for marketing actions.
Put this 👆🏻 together with "I need to move forward to other projects", and you will see a strong reason for selling :)
I am "techy". Fashion is completely out of my comfort zone. (I have improved in the last two [REDACTED] that's not my best skill at all!).
It was a side project! It was not supposed to get this big! I mean...I love that it has, but two years have passed [REDACTED]'s time for next project!
Basically, I am selling to monetize my job in the last 3 years and try something new, but the brand still has a lot of growing potential!
What's involved in running this business
What any ecommerce takes (although other people say it's "automatic" 😅):
- Every two months: order inventory.
- Managing Ad Accounts
- Creating cool content
If you want to keep it as it is, then it's NOT a complete "work day" job.
If you want to make it grow to it's full potential, then I would advise to go 100% on it!
Traffic and Performance
- Avg. revenue /month$25,702Verified
- Avg. sessions /month38,018Verified
- Avg. profit /month$1
- Inventory value$150,000
- Profit Margin1%
- Avg. sales /month1,300
- Shopify plan
- Inventory warehouse
- Shopify Apps
- Facebook & Google
- Inventory management, project management, etc.
Logo and branding assets- Logos, brand assets and a huge brand guide - Profesional pictures (more than 3.000) - Catalog, and other others - Anything you can think of...We probably have it
Personal support after saleSure! I would be available as much as needed during a couple of months, but just to put a "number", count on this: 1.- 2 calls per week (2 hour each) during the first 2 months 2.- Task descriptions for ticket managing and logistics will be provided 3.- In general, if you need something [REDACTED], I like teaching and I would be happy to help :)
Product photosMore than 3.000 pictures properly organized in Google Drive
Social mediaTotal followers50,000subscribers
SuppliersGreat supplier relationships, at least 2 suppliers for each product so we are súper safe. We will help you establish relationship with the suppliers.
How to grow this business
We are currently only on Spain, where we made about USD1.000.000 in sales. We started advertising the brand in other countries, and the brand is getting traction already on France, Germany, Portugal and Italy (about 20% of sales as of now)
New products: The brand is right now focusing on only one product (a very specific type of phone case). New products could be added to the catalog. We are a "tech fashion" brand: a fashion brand whose mission is to "dress" your tech gadgets.
Repetition rate is about 30% and our customers are already asking for new colors!
New channels: We have been invited to Fnac, ZALANDO and other channels that would increase revenue without more expenses other than the hours needed to set up the channel.
Skills to have
Sure there are! As in any business! (althouth I would be happy to help your learn those):
1.- Facebook Ads 2.- Google Ads 3.- Shopify management 4.- If you like writting, newsletters work really well!
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.