Private listing #168306URL Hidden
- Avg. revenue /month$7,245
- Avg. sessions /month3,956
- Avg. profit /month$1,362
Why this business was started
Learning about selling products and drop shipping in a niche we are passionate about is why we decided to open this store.
Additionally, we wanted to learn these skills to transfer this knowledge to our other business.
At the same time, starting this business was also a way to increase our revenue streams of income and at the same time gain knowledge about Facebook advertising and email marketing.
We chose to focus on the women’s cycling niche, coming out of our own experience as cyclists. We’ve always struggled to find cute and stylish women’s cycling gear and we wanted to tap into an underserved market.
The reason of selling this business
Our second business is taking off and we no longer have the time nor the mental capacity to handle the two businesses that are really different from one another. After 2.5 years of running this business it is time to pass on the baton to a new owner.
What's involved in running this business
Successfully running this business calls for an understanding of the products and the best way to sell them based on the audience needs. On a practical level, this calls for researching unique products, advertising them on Facebook and/or Google as well as email marketing. Responding promptly to all customer inquiries and questions is also key to success. Processing the orders as quickly as possible and working the suppliers on sizes and shipping times helps deliver an exceptional experience.
Opened in June 2017, this niche store is dedicated to providing stylish gear for active women.
The majority of the audience comes from the USA, and the other two main markets are Canada and Australia. The audience is primarily between the ages of 45 - 64 years, and they ride for fun, to keep fit and often in groups.
The store provides stylish cycling gear, accessories, apparel and some active sportswear related items.
Customer service is a key strength and this is accomplished by proactively responding to all questions and inquiries as well as providing guidance on sizes.
Currently, the majority of traffic comes from Facebook followed by direct and organic source.
Why should someone buy this store?
The store has a strong existing customer base and a regular repeat purchase cycle. Our audience rides in groups and adding a referral program is an opportunity for growth. The store is fulfilling an unmet need of providing active women with stylish gear. Growth potential is high with regular new designs, larger sizes, and bundled offers.
How can the future owner improve the business?
Future owners can work on improving conversions, bundled checkouts and create a more robust email marketing system.
In addition, producing larger sized gear, improving shipping times and creating branded products can improve the store.
The key opportunity is leveraging the loyal customer base and providing unique designs, custom designs, team jerseys, etc.
Build referral program with customers who are often riding in groups with word of mouth potential. Finally, future store owners could consider a new store design.
What work have you put into the store?
We created the store from scratch. After initial trial and error, we landed on a lucrative audience of female cyclists. We also have optimized the Shopify store with apps in place making it a turn-key business for a new owner. We have SOP’s, KPI’s, ad copy and creatives processes in place. Over the last two years we have developed key relationships with a few suppliers and they are available to support the business growth.
Traffic and Performance
- Avg. revenue /month$7,245Verified
- Avg. sessions /month3,956Verified
- Avg. profit /month$1,362
- Profit Margin22%
- Avg. sales /month92
- Shopify plan
- Email marketing provider, Shopify apps
Physical inventoryNot Included
Logo and branding assetsWe can transfer the png files. logo and colors assets. Transfer can be done by WeTransfer, with direct downloaded from a link. We can provide a CSV file of all subscribers. The Shopify account, domain name and social media accounts will also be transferred.
Personal support after saleWe can provide the Standard Operating Procedures for the store. The product listing and costs of all items on the store. All ad copy that has been used on the store. And, we will be available to answer any questions via email for 30 days post purchase, and a one hour Skype call per week with the new buyer.
Product photosNot Included
How to grow this business
The store has a lot of potential for growth.
We have a number of key suppliers we’ve built strong relationships with. That said, there are opportunities to improve the sizing and answering the customers needs, in particular, larger sizes.
The shipping time can also be shortened either by using an agent and/or by warehousing products.
The store has a loyal customer base and many ladies ride in groups. Adding a referral program would be an opportunity for growth.
To improve the customer experience and exclusivity, there is an opportunity to create branded products and packaging.
Future growth can take the form of selling bundled items such as; cycling jersey, shorts, socks, gloves as one package.
Finally, our store focuses on the female niche, you may choose to experiment with including a male audience.
Skills to have
Knowledge of Facebook advertising, Google advertising, SEO and email marketing are helpful skills for the new owner to have.
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.