All prices in USD
$200,000
  • Avg. revenue /month
    $286,681
  • Avg. sessions /month163,890
  • Avg. profit /month
    $60,000

Business Story

Why this business was started

I started this business in 2014 focusing mainly on smartphone and accessories because the demand was and is still now huge. I start this store because I see clearly a long term store, we live in a tech world now and people are always looking for the next gear to try. I started because I predict it to be very profitable. At that time I was looking to launch a store that I can run for at least 5 years and can give me a passive income.

The reason of selling this business

Because of the Coronavirus I have deiced with my team to go all-in with a service based business and since January 2020 we have not devoted the right attention to this profitable store. We are also selling because we want to monetize and reinvest in our service based business. Shopify Valuation for this store is $3,399,770.00. Shopify's valuation tool recommends a selling price by taking into account a number of factors, including the store’s lifetime revenue, traffic, and other features like social media followers or email subscribers. Stores that have features that are proven to sell are valued higher by our valuation tool.

What's involved in running this business

Sourcing and Purchasing from manufacturing and/or trading company: we are expert of China market, if you want sourcing and purchasing from China I have the right connections to share with you during the 30 days after sales support which will be done by email and skype.

Customer service in local language: we found that managing the business with proper local language could increase the conversion rate. We can assist you to find great and loyal worker for Italy market in a really affordable price.

After-sales: if you keep selling smartphone sourced from China you should manage the possible repairs that customers may need. Also for this we can assist you with a strategy we have in place if you needed.

Performance marketing: you need to know how to manage Facebook campaigns, Google Shopping campaigns, Influencer reach and what is better working for you. Customer acquisition is a crucial part in any business and we are willing to assist you for 30 days by email and skype.

This business was founded: about 2 years ago
Time to run this business: approximately 15 hours per week

Traffic and Performance

  • Avg. revenue /month
    $286,681
    Verified
  • Avg. sessions /month163,890Verified
  • Avg. profit /month
    $60,000
  • Profit Margin10%
  • Avg. sales /month2,000
Other details about profit: We have migrated to Shopify just 2 years ago, for the previous 4 years on Opencart we have documented revenue of $29M total with a profit margin about 13%. I have attached the screenshot which shows the revenue from June 2018 (when we start to plan the migration to Shopify and began development) to November 2018 (when we migrate to Shopify). I have available the revenue made from 2014 to 2018 because we kept the Opencart system saved in our server. NB: In March 2020 we have refunded all the orders we got from February and March which was about USD $109K. We decided to refund all the orders because of the Coronavirus in China which is the place we mainly source and purchase goods. As you know China passed a difficult time and we did not want our customers wait for it. Now China is back to work but we want to sell this store to focus in our service company. If you need any further clarification about this I am happy to explain.
Total revenue
  • $7,167,036
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 4,097,267Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Employees
      $5,000
      /month
    • Domain
      $20
      /year
    • Google-Facebook
      $5,000
      /month
    • Several tools
      $500
      /month

    Sale Includes

    • Physical inventory

      Not Included

    • Logo and branding assets

      We will provide you the brand book and all pages with have designed on Figma. We will also give you our Facebook page with over 100k (pixel as well full of data), youtube channel (about 6.7k), instagram account(over 10k), twitter account (550).

    • Personal support after sale

      I will assist you for 30 days by email and Skype to help you run the business smoothly. I will share all the strategies that works for us recently, worksheet, blueprints and connections with some influencers.

    • Domain

    • Product photos

      A collection of stock photos downloaded by time.

    • Social media

      Total followers130,000subscribers

    • Suppliers

      I can transfer suppliers contact, logistic partner, marketing partner and the connections has been a value for our business I can share with you.

    • Mailing List

      145,000subscribers

    Seller‘s Advice

    How to grow this business

    1. Uploading new trendy products
    2. Expand to other markets
    3. I am willing to be in your team for 30 days to plan together a growth strategy. We can get connected by email and skype.

    Skills to have

    Deep understanding of eCommerce and dropshipping business model in all its aspects. I am willing to mentor you for 30 days (email and skype) to let you acquire all the missing skills and knowledge you may need.

    Share

    LS
    Luigi S.Current store owner
    Hi, this is Luigi...I am Italian based in Shenzhen (China). My eCommerce journey began during the university time (2004) when I was selling in dropshipping on eBay making 6 figures a year. I have always done eCommerce for the past 16 years and manage a ton of projects. In 2012 I decided to move in China to be closer to some business aspect such purchasing and logistic. I am now a mentor for medium size eCommerce that are willing to scale into 7-8 figures. I've good expertise in cross-border eCommerce.

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