- Avg. revenue /month$853
- Avg. sessions /month2,358
- Avg. profit /month$597
- Inventory value$252,500
Why this business was started
I have always had a passion for travel and watches. Through my travels, I’ve realized time is of the essence, so I set my mind on creating a brand to be a part of the journey. Munster & Co reflects a commitment to quality, experience, and virtue. The quality of a Swiss made movement, the experience of owning a simple, yet beautiful timepiece and the virtue of a collection to be a part of your everyday lifestyle. This is the essence of [PRIVATE INFO] Join us on this journey and be part of the community.
The reason of selling this business
I have decided to sell my business because I started a new venture called Clout. While running [PRIVATE INFO] and being an influencer, I realized a huge issue in the influencer market that has pulled my time away.
What's involved in running this business
The business is self running for a majority of it but here is a couple areas you should focus on: - Continue watch photography (always good to have more content to post and use) - Fulfill order (You can always hire a fulfillment company to do this) - Marketing (Paid Advertising)
Traffic and Performance
- Avg. revenue /month$853Verified
- Avg. sessions /month2,358Verified
- Avg. profit /month$597
- Inventory value$252,500
- Profit Margin70%
- Avg. sales /month20
- Shopify plan
- Inventory warehouse
- Shopify Apps
- Facebook/Instagram Ads (Retargeting Website Traffic)
Logo and branding assetsAll logos and branding will be transferred via Google Drive.
Personal support after saleI am willing to provide support on how to run the business, connect you with the suppliers, and all other necessary information. For Example: - Connect you with the suppliers for all the watches - Connect you with the videographer and photographers we used - Give advice on how to manage/run the Instagram page - Tell you about our experience and what we have learned running the business - Give our recommendations on softwares we have used in the past for marketing - Explain and go over the website, how to edit it, how to manage it - Help connect you with a 3PL/Fulfillment company if you want your orders automated vs. fulling yourself. If you want to fulfill yourself, I can help walk you through the process and necessary items I am happy to provide support for 30 days after purchasing [PRIVATE INFO]
Product photosAll product photography will be transferred via Google Drive. All watches were professionally photographed. We have over 1,000+ images of professionally shot photos that are product, lifestyle, and more. [PRIVATE INFO] has done 2 international campaigns in Iceland and Paris. You will receive and own both videos for marketing purposes.
SuppliersGreat relationship with all suppliers. Upon acquisition, we can provide the introduction to all suppliers we use for the watches. It is extremely easy since all the designs, molds, etc. are all done. Just need to re-stock when low on inventory.
Skills to have
I would recommend the new owner is able to run or have someone run the marketing for the business.
Munster & Co. where it stands is a full fledge brand with a lot of inventory, great social media following (140,000+), 1000+ professionally done photography, international campaign videos, and more.
Munster & Co. is able to run itself and would be great if someone can push the marketing element to scale.
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.