All prices in USD

Private listing #164879

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$121,078
  • Avg. revenue /month
    $6,466
  • Avg. sessions /month3,374
  • Avg. profit /month
    $1,500

Business Story

Why this business was started

I created this business in 2012 when I first came across a product within this niche at a specialty store. I fell in love with the product and was at the same time amazed that it was made from high quality materials and ingredients. I felt like a kid again because the specialty shop was filled with all kinds of products imported from all over the country and the world from brands that I had never heard of before. With the product in hand, I decided to do some research and found a distributor for the product. To my amazement, I learned that this niche was far larger than I had ever thought possible. Not only were there thousands of these products that I never heard of before, but with even more research, I found that there were a lot of distributors for these products and a healthy market for these items. To top it all off, all of the suppliers for this product were open to drop-shipping, so this meant that I didn’t have to have the inventory in hand. It was at this moment that I decided to create this business as a way to share the unique experience of joy I had at the specialty shop with others. I wanted to create a business that sells every single one of these hard-to-get items, and that is what I sought out to create.

The reason of selling this business

This business is the fourth business that I created in my life, and it represents the culmination of the best processes and knowledge I learned from the previous businesses. My first business was started in 2005 and this current business was started in 2012. Each business I founded had their own ups and downs and provided me learning opportunities on how I can make the next one better. This business has definitely been fun and has been a passion project of mine for the last 8 years. It was the first business where I had the financial ability to hire contractors and systemize the processes so that someone else could do the day-to-day work and entirely run the business if needed. It took me a while to figure out how to get sales consistently and how to document all the processes that are necessary to run the business, but now things are good. I am grateful for the growth this business has experienced and I could run this company forever.

During the time I had this business, I got into video podcasting and blogging. I have created 50 episodes since 2013. However, I haven’t been able to work on it for the last 2 years and really feel that I want to get back into podcasting and blogging full time as an entirely new opportunity. I want to have the ability to focus 100% of my attention on a new venture. While this current e-commerce business is profitable and fun, I want to see if I can shift gears to something completely different.

What's involved in running this business

To run the day-to-day operations of the business, orders need to be fulfilled daily by sending order information to the suppliers. When orders are shipped, the customers need to be informed of their tracking number. Customer inquiries and requests need to be answered in a timely manner.

This business was founded: over 5 years ago
Time to run this business: approximately 10 hours per week

Description

General description

We are the largest online retailer in the United States for products in this niche. This business model is 100% drop-shipping so no inventory is needed. You only buy products after a sale has already been made and profit from the difference between what you sell the item for and what you buy it for. I work with a handful of suppliers across the country. The day-to-day work can be done entirely from a laptop and can also be outsourced to a contractor since everything is systemized and repeatable. It costs under $9 a day to run the business and this can be decreased by removing some software expenses.

Why should someone buy this store?

This is a great business for someone who wants experience managing a drop-shipping store well-positioned for growth. This is a business for someone who wants a 100% digital business. Even though the products sold are physical products, there is no inventory and everything can be managed online. This is a business for someone who wants to work from their laptop and not be tied to any location. This is a business where you can hire someone to manage the day-to-day operations and just be required to oversee that everything goes smoothly. This is a business that runs very lean with minimal expenses and is a business you can grow if you want to implement new software. This is a business that has unlimited growth if you can identify additional products to add for sale that have high growth potential. This is a business that has a proven record of sales and profitability.

How can the future owner improve the business?

The future owner can improve the business by adding more products for sale in this niche and related niches. They can also choose to hire a contractor (or not) to assist them. If the new owner understands online marketing, that would be something to experiment with, since 100% of the current sales are organic without any advertising or marketing.

What work have you put into the store?

I discovered a niche industry that has reliable suppliers and few competitors. I listed all products available in my niche for sale, and created systems and processes to manage the day-to-day operations. I set up a business strategy using drop shipping that guarantees the business to be profitable. I cut out all expenses of the business so it is very lean.

Traffic and Performance

  • Avg. revenue /month
    $6,466
    Verified
  • Avg. sessions /month3,374Verified
  • Avg. profit /month
    $1,500
  • Profit Margin15%
  • Avg. sales /month500
Other details about profit: Take home profit is approximately 15% of revenue after expenses. I did approximately $211,000 in revenue in a one week period during the month of March 2020 due to the Coronavirus demand for my product. I could have made more revenue but the sales were too overwhelming and I had to put my store on pause for over a week. Since re-opening my store, competition for the particular product increased significantly, so this caused daily sales to decrease. The last 7 days profit (March 28 to April 4) was $2200.
Last 5 years revenue
  • $407,357
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 5 years traffic
  • 212,575Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $22
      /month
    • Domain
      $185
      /year
    • Shopify Apps & Other Recurring Subscriptions
      $116
      /month
    • Shopify related apps / sales software
      $83
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      I can mail a physical memory stick with all digital assets.
    • Personal support after sale

      I can provide training for up to 2 weeks to ensure that operations continue to run smoothly after the transfer. This includes showing you how to add products as well as fulfilling orders and doing customer service.
    • Domain

    • Product photos

      I can mail a physical memory stick with all digital assets.
    • Social media

    • Suppliers

      Suppliers will continue to ship products on your behalf after the sale.
    • Mailing List

      3,000subscribers

    Seller‘s Advice

    How to grow this business

    This Shopify store is a 100% drop-shipping business and its growth is dependent on adding more products for sale within the niche as well as in related niches where there are reliable suppliers and few competitors. I have been running this business since 2012 and the opportunity has been the same back then as it is now. Fortunately I was able to find a profitable niche that has consistently provided sales for the last 8 years and I foresee that it will continue to provide the same, if not more, sales in the next 5 years so long as new products are being added on a regular basis.

    Skills to have

    The new owner will need to know how to fill out new product listings to increase revenue opportunities, send order information to a supplier when sales are made and know how to respond to customers when they have order modifications.

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