- Avg. revenue /month$2,422
- Avg. sessions /month3,287
- Avg. profit /month$1,000
- Inventory value$110,000
Why this business was started
Wanted to make passive income so I found a niche and contacted suppliers to setup dropshipping engagements. Over time, we have climbed up the value chain and started manufacturing top selling products ourselves which drastically increased our margins. I launched my shopify store before selling on Amazon and have seen much higher sales revenue from Amazon so most of my energy has been pivoted to Amazon.
The reason of selling this business
I have 2 other ecommerce businesses, 1 SAAS business, and a consulting agency. I can get higher ROI from other investments and only have limited time.
I don't have enough time to give this business what it needs to really go to the next level and I'm not particularly passionate about the niche enough to prioritize it ahead of my other businesses. I've been passively operating this business since 2014 so it's been a good run but probably best for me to explore exiting the business now.
The ideal owner would love pets, animals so they can appreciate the product experience being offered and create better content marketing and engagement with audiences.
What's involved in running this business
manage Philippines team operating written SOPs for product listings and order management (2 VAs, 1 PM)
reorder products from suppliers in China and USA
manage warehousing and freight forwarding
replenish inventory to Amazon
Niche eCommerce website in Pet / Veterinary Care Industry.
Monthly sales revenue on Shopify = $3,000 approx Monthly sales revenue on Amazon = $30,000 approx
Profit Margin = 25% (across 2 channels), Monthly Profit = $8,250 approx
I've built and managed this entire business in Asia working less than an hour per day on it. With the right owner, I think they could very easily double sales revenue within a year.
I simply don't have the time to manage it anymore (have 2 other ecommerce sites, do high hourly rate consulting in APAC, have SAAS business). I also still live in Asia so the time zone difference isn't optimal either.
Why should someone buy this store?
Tremendous opportunity to grow this store. I've managed it into the ground and it's still doing well. We have very strong supplier relationships that allow us to corner the market in our niche. We also have a very loved brand (in Shopify/Amazon) that makes us the go-to-source for our niche's products.
How can the future owner improve the business?
1) Open it to additional sales channels (wholesale and b2b). 2) PPC - no PPC campaigns are being run right now 3) Affiliate networks - no affiliate ads are being right right now 4) SEO - no SEO work being done right now 5) Optimize UX to improve conversion rate - conversion rate is very low right now 6) eMail Marketing - no email marketing being done right now 7) Go international - no active sales on international marketplace sites for this brand 8) Brand Awareness ad budget - vast majority of consumers do not know that a solution for this pet owner pain exists but once they find out, they are interested and love the product assortment
What work have you put into the store?
1) Built the store 2) Identified and negotiated contracts with dropship suppliers and product suppliers in APAC 3) Tried very basic facebook and google search marketing 4) Setup warehouse in Kentucky 5) About $100,000 in inventory value at warehouse in Kentucky
Traffic and Performance
- Avg. revenue /month$2,422Verified
- Avg. sessions /month3,287Verified
- Avg. profit /month$1,000
- Inventory value$110,000
- Profit Margin40%
- Avg. sales /month35
- Shopify plan
- Inventory warehouse
- Sourcing Staff
Logo and branding assetsAll accounts, trademarks will be transferred to new owner.
Personal support after saleOpen to discussion from the new owner. It will depend if the new owner has an existing team or not. I'm happy to stay involved for a minimum of 6 months and Q/A support for 1 year. I want to make sure that you get a good return on your investment.
Product photosAll product photos will be transferred to new owner.
SuppliersChina suppliers and US suppliers will be transferred.
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.