- Avg. revenue /month$10,875
- Avg. sessions /month9,329
- Avg. profit /month$3,490
- Inventory value$125,523
Why this business was started
The current owners are passionate about health and fitness and realised there was a gap in the market for practical fitness products for women. The business was established in early February 2018, and since then have amassed over 72,000 followers (lnstagram & Facebook), have a customer database of close to 30,000 and over 20,000 people worldwide using their products (main market New Zealand/Australia). They also have multiple trademarks in a number of classes both in NZ and Australia. They have high SEO ranking for specific non-branded keywords and a range of samples for new products that can be released in a short period of time. The brand and its customer database can also be leveraged for a range of new products that fit the fitness/wellbeing market.
The reason of selling this business
The business owners are selling for both personal and professional reasons. They are true entrepreneurs and have established the business into a position of being No. 1 in an expanding and modern-trend market and they are excited to pass it on to pursue other professional and personal goals.
What's involved in running this business
Being exclusively online, the business is run from home by one of the owners who deals with customer enquiries, order fulfilment, social media posting, marketing ads, stock purchasing & management, research & development, online store maintenance. All aspects of running the business can easily be taught to a new owner/operator or could be easily integrated into an existing business team to reduce outgoings.
Hours are flexible being online and run by the owner but typically the above duties take up to 25hours/week and are mainly completed Monday - Friday.
Traffic and Performance
- Avg. revenue /month$10,875Verified
- Avg. sessions /month9,329Verified
- Avg. profit /month$3,490
- Inventory value$125,523
- Profit Margin62%
- Avg. sales /month414
- Shopify plan
- Inventory warehouse
- Marketing Apps, Digital Product Automation, Back up and Recovery Software, Product Review Software, G-Suite, Anti-virus Protection
- Facebook and Instagram Ads, Google Ads and Display Network, Snapchat Ads, TikTok Ads, Influencer Marketing, AdRoll, Outbrain, SEO, Contractors
- Computer Operating Systems e.g. Mac OS or Microsoft Windows
- Inventory Purchases, Commission Paid (Merchant Fees), Freight and Courier, Insurance, Home Office Expense, Printing & Stationary, Telephone & Internet
Logo and branding assetsThere re around 30+ logo/branding images (PDF, JPEG, PNG) that will be sent to the buyer electronically (via WeTransfer).
Personal support after saleTraining given on how to run all day-to-day activities of customer enquiries, order fulfilment, social media posting, marketing ads, stock purchasing & management, research & development, online store maintenance (<2month support). Accounting process training (<2month support).
Product photos500+ product photos (PDF, JPEG, PNG) will be sent to buyer electronically (via WeTransfer).
SuppliersAll supplier relations transferred to buyer.
How to grow this business
There are opportunities to expand the business. Multiple new product lines are ready and can easily be introduced. Can easily be incorporated into another company that already has existing staff and courier services contracts, having existing staff would reduce expense. Will easily incorporate with any business system. If the new owner already has in-house marketers, this could greatly reduce any sub-contractor expenses. Larger stock orders will reduce unit prices, better shipping rates will help reduce the unit price too (note new owner location and existing courier contracts could reduce shipping expenses).
Skills to have
The business is well prepared to continue with a change of ownership. Daily processes can easily be carried out by the new owner/staff. While the present owners personal attributes contribute to the success of the business, the staff and personal identities are anonymous and don’t necessarily contribute to the success of the business. The buyer would need to demonstrate a willingness to maintain & grow the brand.
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.