- Avg. revenue /month$77,340
- Avg. sessions /month23,707
- Avg. profit /month$15,000
Why this business was started
We acquired this business on Shopify Exchange and took it from $90,000 in sales in 4 years to $2,700,000 in just 3 months after purchasing it. While we didn't start it, we saw that the product had a lot of potential and wasn't being sold and advertised the right way so we jumped in.
The reason of selling this business
First off, this is PRICED TO SELL FAST, for a few different reasons. I run a portfolio of stores, funnels, and e-commerce projects, and I am looking to consolidate my focus to one opportunity that is starting to demand my full attention. While this asset is the strongest I have worked on in e-commerce (the most rev I have done on one store, the highest average cart I have had, and the best repeat buying behavior) I was presented with a new opportunity that I couldn't turn down.
Since the $2,829,243.62 last August, it was able to produce $257,612.70 in revenue without spending any ad dollars since then. I've done $85,991 in revenue from June 1st - August 22nd. ALL of this additional revenue came from its internal email and SMS lists, and is spread across this specific store + a few different funnels (I will provide all funnels/selling channels in the sale of the asset).
With the right amount of time, effort, and focus, this brand will realize its full potential and compete with some of the biggest Wood Watch brands out there.
So why is it priced at $50,000 when Shopify's valuation is $2,219,700.00?
It's priced to sell FAST. My opportunity cost is currently extremely high and I don't have time to go back and forth with potential buyers for months.
High performing Email/SMS list that produces continual revenue at an extremely high profit margin. This is the most valuable part of this asset, and with it you should be able to make a large % of the investment back. Not many assets on the exchange have lists like this, and most of them require you to HAVE to run ads to make profit.
Pre-negotiated pricing on all watches after $3M worth of leverage. You get direct access to my relationships with the factories, and have the ability to sell the cheapest wood watch on the internet (while still maintaining equivalent quality). Undercut the competition, and scale.
Pre-negotiated relationship with 3PL provider: you will plug right into my fully built out supply chain system with my 3PL partner in Pottstown, PA. They will grandfather you into my rates, and the handoff will be simple and seamless.
Prebuilt system/Virtual Agents: I can provide you with 1 or a team of virtual agents that have already worked on this store and know how to run the software/ops. From customer service, to supply chain, I have successfully automated a large portion of this business after years of experience.
If you have $50k to invest, I believe this is one of the most "risk-free" e-commerce opportunities out there. I study the market, and I buy stores myself. EVERYTHING is inflated, overpriced, and over valued (kind of like the housing market right now lol, it's the gold rush). Most assets don't come with a list and require you to run ads to make money, meaning even after risking your upfront investment in the asset, you don't even know if you can make profit for sure. Most assets don't come with suppliers, virtual agents, and fully built out systems. You're not just buying the asset, your buying e-commerce operations/connections that you can take over to future assets and projects.
Take it and coast on its passive profit, use it to integrate yourself into ecommerce and learn what it takes to sell, or build it into a powerhouse brand. The choice is yours.
What's involved in running this business
Marketing: Email marketing, sms marketing, relationships with customers, digital ads. You could do this yourself, hire someone internally, or use an agency to fulfill any of these needs. Supply chain: Communicating and ordering with our suppliers (included relationships in this sale, meaning you get grandfathered into the rates we we're given after negotiating over $3M of revenue), tracking the manufacturer to fulfillment center process, communicating with our fulfillment center, ensuring deliverability to customers. I have agents that do this for me on my team, and would be willing to keep them on this project. Current connection and negotiated rates with fulfillment center would remain intact as well. Customer service: Reamaze – create/manage email tickets (about 80% of CS volume) and phone lines also through Reamaze. I have agents staffed here as well that could remain on this project. Product development: One of the biggest upsides in this store is that I have three different suppliers that automatically come out with new products consistently. These products come with A+ creative (full blown photoshoots) so its super easy to plug and play. You will get my existing catalog of 67+ watches to start along with all sales data per SKU. Store optimization: I will set you up with the proven high converting template that I use on all of my stores.
Traffic and Performance
- Avg. revenue /month$77,340Verified
- Avg. sessions /month23,707Verified
- Avg. profit /month$15,000
- Profit Margin25%
- Avg. sales /month333
- Shopify plan
- Landing Page Builder + Email Software
Physical inventoryNot Included
Logo and branding assetsAll logos and branding assets will be transferred via Google drive.
Personal support after saleWe will provide personal support for 30 days after the sale to make sure the transition goes smoothly and that all orders and customer requests are met so that you can start with a clean slate! If you want additional consulting after that, it will have to be paid.
Product photosAll photos and creative assets will be transferred via Google drive.
Social mediaNot Included
SuppliersThis is one of the biggest value adds in this asset: 3 vetted wood watch suppliers (China), directly connected to the factory with no middle man. We have negotiated the lowest rates possible after the amount of volume we did, and we will pass this relationship to the buyer. Suppliers constantly update catalogs to make product development easy.
How to grow this business
With over 35,000 customers, an active email list of 27,000 subscribers, an SMS list of 20,000, you already have a STRONG base to rely on. Time and time again these lists continue to produce significant revenue without having to spend ad dollars. I would double down on these lists: create a content strategy, run free giveaways to increase engagement, and continue to create new offers every month. After completing the above, I would focus on google shopping ads and undercut the market. The standard price for wood watches found on the internet is MUCH higher than what you can offer (because of pre-negotiated rates with our supplier after all the volume we did) and this is a big part of past success. From there it's an open world: Facebook ads, instagram, tik tok, snapchat, any would be viable options with the right strategy.
Skills to have
Supply chain management, email/sms marketing, customer service management, digital marketing, and direct to consumer selling. This can all be learned on this asset.
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.