- Avg. revenue /month$16,908
- Avg. sessions /month15,454
- Avg. profit /month$3,000
Why this business was started
Started as a side hustle to my main job as I had some free time during the second wave of COVID-19.
The reason of selling this business
My initial goal was to high $10K in monthly revenue which we quickly exceeded in beginning of 2021. With the rapid growth though there has been an increased demand on my time. As this store has always been a second priority and remains outside my area of interest, it suits another owner who has the bandwidth and desire to grow to it's full potential. Operations have been paused since early May.
What's involved in running this business
Time spent on the business depends on the goals of the new owner. To simply maintain and keep running, the time investment would be just a few hours a week (4-5). Additional hours invested are for growth related activities.
- Managing order flow with existing supplier
- Sourcing new designs
- Leading 2 contractors through UpWork (1 customer service rep and another social media manager - more detail on these roles to be shared with interested parties)
- Managing paid marketing platforms
Traffic and Performance
- Avg. revenue /month$16,908Verified
- Avg. sessions /month15,454Verified
- Avg. profit /month$3,000
- Profit Margin16%
- Avg. sales /month495
- Shopify plan
- Several Shopify Apps
Physical inventoryNot Included
Logo and branding assetsAll materials in use and or previously developed but not leveraged will be included in the sale.
Personal support after saleLevel of support can be flexible based on the new owner's experience. I can be available for more intensive support for up to 14 days post sale and provide more general support and answering questions for up to 30 days post sale. I will maintain responsibility for all orders made prior to sale including fulfillment of these orders and chargebacks (if any occur).
Product photosAll design templates, influencer and customer pictures along with templates for photoshop will be provided via access to a Google folder.
SuppliersWe have 2 suppliers who offer traditional POD purchasing and offer discounts on bulk purchases if the new owner so desires.
How to grow this business
The list is rather extensive and more will be provided to serious bidders but at a high level these are the lowest hanging fruit opportunities: - Continue testing and adding new designs for our existing line of shower curtains - Introduce bundling offerings by offering a number of highly requested items to drive higher retention and increased AOV - Launch email & SMS marketing campaigns - Initiate paid marketing strategies on other platforms such as Google, Pinterest, Tik Tok etc... - Continue investing in SEO to drive a higher percentage of organic traffic - Commission structured influencer campaigns
Skills to have
I opened the shop with a background in finance but had no formal operating experience and was completely new to website design, Facebook Ads Manager, Google Analytics etc..
If one already has these skill sets then the company is well positioned for near-term growth. If the new owner isn't familiar with these areas it may take a couple weeks to understand the growth drivers before ramping operations back up.
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.