- Avg. revenue /month$7,438
- Avg. sessions /month6,533
- Avg. profit /month$3,050
- Inventory value$1,200
Why this business was started
This brand was born to inspire others live out a minimalist lifestyle and proactively choose cruelty-free materials to bring us all a sense of joy, contribution and purpose. Our main products are vegan, cruelty-free handbags to help put a stop in the killing of animals for genuine leather.
The reason of selling this business
I have actively ran ads to this store beginning February 2019, the brand has grown and consistently growing. Although the reason why I'm selling this business is that I'm settling down next year so I need funds for a house downpayment.
I am currently communicating with potential distributors and resellers, this is a good indication that there is still a large room for growth for this kind of business. Another reason for selling this business is that I have started to build a new store and it is quite time consuming to produce video content for marketing so I would need more time in my hands.
What's involved in running this business
The website is already in place and all the leg work has been done. No more product research and market research.
Target market is - female, Vegan or loves animals, willing to invest $50 or more for a handbag. Moreover, products have been curated to make sure to only offer good quality products which retails from $40-84. People all over the world are becoming more and more environment conscious and the Vegan market industry is growing exponentially year after year. There is no sign of market decline as of 2021.
The new owner can continue to hire the VA that I have to fulfill orders, handle returns and answer customer queries. However, I suggest that he/she should be hands-on in running advertising campaigns in Facebook and Instagram. Email marketing would also be very beneficial. I would suggest to run a weekly newsletter for the subscribers.
Traffic and Performance
- Avg. revenue /month$7,438Verified
- Avg. sessions /month6,533Verified
- Avg. profit /month$3,050
- Inventory value$1,200
- Profit Margin41%
- Avg. sales /month115
- Shopify plan
- Inventory warehouse
- Announcement Bar, One click checkout, Hide PayPal, Aftership Returns Center
- Facebook, Google Ads
- Returns Hub Shipping Cost to Home Country, Transaction Fees
Logo and branding assetsTransferred through email
Personal support after saleI will offer support for the first 30 days after turning over the store. I will inform you about the ff: 1) current brand influencers, will also do proper turnover 2) facebook pixel and ad campaigns explained 3) offer customer email templates 4) other admin problems, you are free to reach out to me (e.g. order fulfilment, payment processors,) 5) send product and model photos We can communicate through Skype or email for 30 days after turnover of website and other assets.
Product photosTransferred through email
SuppliersAll supplier information is included.
How to grow this business
- The new owner can do the ff. to build a stronger brand and create sustainable sales month per month a. partner more with social media influencers to promote the product. b. incorporate new handbag designs to attract wider markets. c. produce a variety of video and photo content to attract new customers and keep current customers d. create a loyalty program for current customers e. keep costs down by ordering straight from manufacturers f. collaborate with known designers to uplift brand image and create a sense of exclusivity
Skills to have
The new owner doesn't have to have specific skills since everything has been set into place already. However, it's still best that the new owner has basic knowledge in running ad campaigns through Facebook and Instagram. This has been the key factor to early success of this brand. He or she must also be willing to communicate with micro and macro influencers in the industry to keep the brand from growing.
Other skills are pretty much administrative work and can be outsourced - e.g. order fulfilment, answering customer emails, managing social media accounts.
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.