Previous store Next store

$80,000 USD

Private listing #731111

Appears in Fashion and apparel , Florida, Inventory, United States, Business and Franchises under $100,000, Established businesses, Medium Business, Private listings

General description

[PRIVATE INFO] is Coastal Style, Delivered! As a Coastal-inspired Lifestyle Company, our online store features both Casual Clothing and Coastal Home Decor with design influences from both sides of the Atlantic Ocean. Our products are made by socially responsible companies, artisans and manufacturers that care about the environments and communities in which they produce. We are committed to promoting the stewardship of our Oceans while offering affordable luxury that is uniquely 'Coastal' and 'Atlantic' in style.

Concept and Implementation: Founder & CEO Karen Mackay started with an idea and a full-time commitment in the Summer 2015. Having produced catalogs for a major US & International Catalog retailer early in her career, then working with her own Interior Design firm, as a Real Estate Agent and in Product Sales for years, Mackay was determined to create an online retail ‘lifestyle’ business. Seeing a real opportunity in the niche of ‘Coastal’ living she imagined a ‘Coastal Lifestyle’ brand that would feature both Clothing + Home Decor influenced by both sides of the Atlantic Ocean. Being a dual citizen of the USA and Ireland (where she earned her MBA), she determined that Dublin with its strong tech industry, was the best place to formulate the concept and development of just such a company brand. Based on the experiences of many years of travel and with design influences from both sides of the Atlantic, Mackay wanted that unique combination of International style and ‘Coastal’ branding. It began with hiring one of Brown Thomas’ top Irish graphic designers to help develop a brand name and logo that had both a purposeful European, Natural & Coastal ‘feel’. In hiring a web creation team in Ireland and using Shopify as the online store platform, Mackay was able to develop something both Coastal and International in influence, balanced with a practical and economical approach. Two and a half years from ideation, brand creation, website development and product/vendor selection to Corporate, Legal and Logistical operations being set up in Florida. Launching the website in late 2016 and releasing WA’s first catalog in May 2017. In partnering with C&G Media Group in the Spring/Summer 2017, WA’s first print and digital ads were featured. Thus began the process of pitching the [PRIVATE INFO] brand as ‘designs for living beautifully and affordable luxury combined’ to its niche market. [PRIVATE INFO] now has 9,700+ followers on it's Facebook page and over 930 email subscribers. It has established complimentary Social Media sites on Twitter, Instagram, Pinterest and LinkedIn, which are positioned to further expand and grow sales for the business more effectively by someone who is Social Media savy and who can capitalize on the Facebook following with more effective advertising.

Sales were slow to start at the inception of the business but by establishing Amazon Seller Accounts for the US, Canada, Mexico, UK, Germany, Spain, France, and Italy we have recently seen a marked increase in sales since September 2017 and are we getting more sales through our Facebook advertising which we have been concentrating on specifically for the last 6 months. With her own personal investment of capital for set up, marketing and the purchase of current stock etc, as well as, two and a half years of full time management and fostering, Mackay is determined to find someone to take over the brand and website and grow it using a more specific approach to Social Media use while she focuses on product development.

Process & Investment to Date: Brand and Logo Creation Website Development & Publishing Marketing Brochure Development & Production Trade Shows, Establishing Vendor Relationships and Product Offering Development Incorporated in West Palm Beach, Florida in Nov. 2015 Corporate, Legal, Insurance and Tax Set up & Management in Florida Initial and continuing Vendor and Product selection; Purchase, Import & Inventory Management Initial Shipping Inventory & Logistics Set Up - Delray Beach, Florida Staff Hiring and Training SEO and Social Media Initiation Consultant selection and management of processes, recent work with Marketing and SEO/SM Consultants to define and achieve a more consistent message for the WA brand online and establishign a plan for moving forward Logistical Improvements of Processes Brand Development and Researching Future Avenues for Growth (Xpert June -July 2017) Outsourcing of SM/SEO (Milk Bottle Labs - Sept 2017 through January 2018) Self Branding - Consult and focus for Future to be a separate business venture of Karen Mackay. Personal Shareholder Funding of all operations in excess of $240,000 to date - Karen Mackay

Financials and traffic

Our sales and profits grew exponentially from September 2017 to date, as we listed items for sale on Amazon as well as increasing our Social Media Advertising at that time. The quoted Sales Revenue above is incorrect. For the 12 months from May 7, 2017 to May 6, 2018 our Gross sales are: $32,076; Net Sales: $22,735 with Profit of $11,451 and 244 Sales with a margin of 50.34% for the 12 months. The last 8 months of that period was 92% of the sales for the whole year. The first 4-6 months period prior to that was only representative of a small portion of sales as we were launching the company website. We have been selling online for 18 months in total and only for the last 8 months with Amazon, which is currently 60% of our overall sales for those 8 months.

Average profit/month

$1,000 USD

Average overall profit margin

50%

Average number of sales/month

27

Value of inventory

$73,500 USD

Average Monthly revenue

$813.71 USD

Average Monthly traffic

706 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

We have been spending more on Facebook Ads and some Google Ads over the last 6 months to grow our Facebook following to the 10,000 level. We are almost there. We will then do more targeted advertising and reduce this amount. We have found through trial and error that this Facebook spend along with selling on Amazon is the most cost effective advertising.

Expense item

Cost

Shopify plan

$71.00/month

Subscriptions (ie. Mailchimp, apps)

$20.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$500.00/month

Employees (Including contractors and freelancers)

$500.00/month

Domain

$2.00/month

Inventory

It costs $325 a month for fulfillment & storage which includes fulfilling 20 orders. It is $5 for every order after the initial 20 each month. Generally with storage, fulfillment and bookkeeping fees, the spend is approximately $500 a month to the logistics person in Florida. The current cost of the inventory (per item not including shipment costs to warehouse) is $75,511 with a current retail value (including the associated discounts offered) of $171,363. This includes 2,879 pieces from 324 individual items. The Sales Price of the company does not include the value of the stock which will be sold per negotiation with a potential buyer.

Located in Deerfield Beach, Florida

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Mailing list

938 subscribers

Social media followers

9,237 people

Q & A

Do you work with any employees, freelancers, or contractors?

Warehoused stock is Located in Deerfield Beach, Florida and our Logistics Manager oversees luxury level fulfillment of orders, storing/managing the stock and doing bookkeeping for the business. The logistics/bookkeeping contractor is paid on a consulting/contractor basis, approximately $500 a month which includes storage fees for stock.

Why should someone buy this store?

It's Coastal Style, Delivered! 40% of the world lives with in 50 miles of the coastline worldwide which represents a great appeal and niche for Coastal living and Coastal style. Online shopping is the single biggest growth sector of Retail worldwide. The intersection of these two, with both style and sector is a Coastal-inspired clothing and home decor website that has a uniquely European and American feel. We have had increasing sales and positive feedback about the concept and brand and in sales. This company has a true growth potential and initial sales trends are more than positive!

How can the future owner improve the business?

Improvements to the use of Social Media advertising is key to the expansion of this brand. It is in selling the Coastal lifestyle by offering affordable luxury to the correct demographic with the correct images and pricing.

What work have you put into the store?

2.5 years of endless dedication and imagination. $240,000+ in direct set-up costs, inventory, advertising etc to date. All paid for by owner. No Debts or Current Liabilities associated with business. Incorporated in Palm Beach, Florida

How many hours does it take to run this business per week?

10 hours

Exchange Trust

Secure messaging platform

Only use our messaging system to send offer and communicate safely with the seller.

Protect yourself when buying

Exchange's payment flow provides enhanced security and protection when buying and selling stores to help avoid fraud. Here's why.

Ready to become a store owner?

Buying a store on Exchange? Make sure you contact Shopify Support to help you safely transfer ownership.

Contact seller