- Avg. revenue /month$1,956
- Avg. sessions /month850
- Avg. profit /month$1,825
- Inventory value$636,000
*Please note the Avg. Revenue /month of $1,832 USD is only from Shopify. Total 2017 monthly revenue from all eCommerce channels is $107,156 with a gross income of $57,121.
A family business established in 1979, this company is a manufacturer of fine quality rugs. With many decades of experience understanding color and developing textures, the company has established itself as a leading name by continuously creating beautiful new rugs as well as holding on to timeless classic designs.
Since 2004, we started switching to an E-commerce business model by offering our full inventory to online sellers like Overstock, Amazon and others. And within a few years over 95% of our sales was through online sales.
The company is now a data driven E-commerce company with over 1500 items with granular data for each item. This data includes optimum price, discount, inventory levels and seasonal forecasts that maximize revenue across all of our sales channels. This will also enable us to optimize inventory levels and turnover and avoid build up of slow selling items.
Another benefit of our many years of experience is our expertise in product development and relationship with the top manufacturers in the industry. This insures that we maintain the best selection of high-quality products and continuously develop new items according to the latest market trends. Our data-driven sales forecasts are shared with our suppliers in order to maintain optimum inventory levels of the best selling items in each season.
Many of our items have been selling online for years and have received customer reviews and high page rankings with all major search engines. While this insures a steady revenue stream, we are regularly adding new products to insure a steady growth.
This a highly scale-able business because the main ingredients to growth are: 1. Maintaining inventory levels of top selling 20% of SKUs will insure steady growth 2. Adding new items that are fast selling is easy because of our market-tested product development experience. 3. Growth will reduce overhead, because larger warehouses are cheaper
Why should someone buy this store?
With a gross income of $676k on an investment (inventory) of $636k, the return on investment is over 100%.
How can the future owner improve the business?
Proper capitalization and insuring that the top selling items are always in stock, as well as continuously adding new items will guaranty immediate growth.
What work have you put into the store?
Over 1500 SKUs in a 7,000 sq ft warehouse are placed on all major websites with rich content and photography. Top selling items have been selling for ten years with top reviews on many websites. Our top selling orders have received thousands of sales and reviews over the years and are still selling strong.
Traffic and Performance
- Avg. revenue /month$1,956Verified
- Avg. sessions /month850Verified
- Avg. profit /month$1,825
- Inventory value$636,000
- Profit Margin53%
- Avg. sales /month456
- Shopify plan
- Inventory warehouse
Logo and branding assets
Personal support after saleNot Included
Mailing ListNot Included
How to grow this business
Focusing on our to selling items, making sure the top 20% sellers are in stock all the time. Adding items similar to the best sellers.
Skills to have
General business management skills are the basic requirements to run this business.
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.