- Avg. revenue /month$153
- Avg. sessions /month849
- Avg. profit /month$153
- Inventory value$6,000
Why this business was started
NOTE: since Shopify puts this section first, please note that I haven't done anything with this company in 2020. The asking price includes all my inventory (worth $6000 at retail price), the website, Instagram and Facebook accounts, existing suppliers, existing retail network, and my sales list of about 600 companies who I have identified but not contacted.
I'm a big fan of the outdoors, and I noticed that lots of hammock companies were selling hammocks without tree straps, so I started a company that sold the hammocks with the straps included. That way, our hammocks are easy to use so just about anyone can get started with one. Today, our hammocks are easy to use, built to last, and made in the USA and are sold in 4 retail locations with many more interested for the 2021 season.
The reason of selling this business
I'm a college student about to graduate. After I leave school, I don't think I'll have the time to keep running the company.
What's involved in running this business
The great thing about this company is that everything can be automated. I had a freelancer who ran my marketing, and I've identified freelancers who can manage social media and web design. My suppliers are great, and they get the job done without any instruction needed. My day to day involves general administration, shipping orders (which you can also outsource, but I like to add a personal note with orders) and sales which I mainly do through email with some phone calls. I've developed systems for all of this so it's pretty turnkey.
Traffic and Performance
- Avg. revenue /month$153Verified
- Avg. sessions /month849Verified
- Avg. profit /month$153
- Inventory value$6,000
- Profit Margin70%
- Avg. sales /month10
- Shopify plan
- Inventory warehouse
- Various paid apps
Logo and branding assetsSocial media (1100 followers), Website, all inventory and shipping materials, Sales list with 600+ stores/5,000 locations, existing retail network and prospects, functioning CRM (hubspot), Logo, retail materials (display signage, spec sheets, stickers, tags, etc.), Influencers and college partners, market intel (pricing, retail trends, competitors, market trends, etc), suppliers (USA based), all materials from professional photoshoots, anything that you could possibly need - I've got it.
Personal support after saleI can walk you through all the processes necessary to run the company and be available to answer questions. Contact me to discuss your specific needs
Product photosI'll transfer our master file list that will contain all the images we've used and many that we've not used. All product photos are professionally done.
SuppliersMy suppliers are really good - if you decided to add products they can do that easily. Anything involving textiles, webbing, or sublimation printing.
How to grow this business
I would work on online marketing and expanding in retail. Right now, I have 3-4 retail locations already, and lots of contact information you can use to get into more stores. Retail is important because it's a stable source of income, and most brands in this space can't figure out how to get on the shelves of stores. I've done the hard part in proving that the product sells, so it's much easier to add stores - all you need to do is tell them what we're doing in other successful locations. In addition, I've built a good following on Instagram and Facebook, collected a small amount of product reviews, and developed both an influencer program and strategic partnerships with 2 colleges in the USA. Now, I haven't done much in the past year but the assets still exist and you can use them to get running quickly.
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.