All prices in USD
$140,000
  • Avg. revenue /month
    $5,486
  • Avg. sessions /month3,189
  • Avg. profit /month
    $3,000
  • Inventory value
    $108,000

Business Story

Why this business was started

This business was started due to a lack of men's accessory retailers in Canada which focused on men's neck wear (ties, bow ties, pocket squares, tie clips) at low prices. There are other retailers which sell men's ties and pocket squares but the prices are unreasonable for an accessory item. Furthermore, bow ties are very rare to find with other retailers and if they carry them the selection and styles are quite limited.

The reason of selling this business

My business partner and I have full time demanding jobs/careers along with 2 small children. We do not want to leave our current careers which makes it difficult to spend time on the business and market. The first 3-4 years we did put in the time to market and help the business grow which it did but again this was still on a part time basis. It got to a point where we just couldn't continue to put in the time to further grow this business and just relying on SEO and returning customers.

What's involved in running this business

Fulfill orders, keep up to date with the latest fashion trends, order from suppliers, run Google and Facebook marketing campaigns and keep customers updated with new arrivals and promotions.

This business was founded: almost 6 years ago
Time to run this business: approximately 10 hours per week

Traffic and Performance

  • Avg. revenue /month
    $5,486
    Verified
  • Avg. sessions /month3,189Verified
  • Avg. profit /month
    $3,000
  • Inventory value
    $108,000
  • Profit Margin60%
  • Avg. sales /month100
Other details about profit: Our profit margins on avg for each product is about 60 - 65 %. We have been thinking of raising prices for our ties to about $25 which also increase profit margins.
Last 5 years revenue
  • $367,595
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 5 years traffic
  • 213,672Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $55
      /year
    • Multi Currency Convertor/S Loyalty
      $26
      /month
    • SEO
      $765
      /month
    • Shipping Bags
      $19
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Company brand logo files will be transferred electronically.

    • Personal support after sale

      We can provide training and support for 30 days after the sale of the business. This would include how the product inventory is stored and setup, sku numbers, product imaging, fullfilling orders.

    • Domain

    • Product photos

      Product photos will be transferred electronically.

    • Social media

    • Suppliers

      We work with 3-4 suppliers and have very good working relationships with them. We will provide details on how we do the ordering and how are suppliers assist us with designs.

    • Mailing List

      1,500subscribers

    Seller‘s Advice

    How to grow this business

    In order to continue to grow this business a lot of emphasis has to be put into marketing as we have not had much time to market in the last 2-3 years. Google/Facebook ads.

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