All prices in USD
$9,000
  • Avg. revenue /month
    $1,522
  • Avg. sessions /month601
  • Avg. profit /month
    $700

Business Story

Why this business was started

I started this store after seeing the issues around plastic pollution in Southeast Asia. It tuned out that there was a plentiful solution to at least one of the main culprits in plastic straws.

Bambew was originallly formed with a mission to divert plastic straws from the landfill by producing reusable, biodegradable alternatives from natural bamboo. Since then, the company has grown to include a range of other products, servicing hundreds of customers in numerous countries around the world.

The reason of selling this business

We have come to realize that maybe ecommerce isn't right for us. Whilst it's been an amazing ride, we see that the brand can grow far quicker with someone passionate about the space and can see the potential of cause-driven projects like this

Ultimately, our preference is to move towards different projects and there are only so many hours in the day. It's been hard to delegate day to day control and bring in VAs and other help. We've been just too close. So it's all in or out... and we've chosen to let this go.

With someone that is not as emotionally invested in the company and has more experience in ecommerce, there is almost boundless potential for this brand.

What's involved in running this business

The business is effectively a turnkey operation. We will provide access to our contacts and faciiliator in Vietnam that is able to handle all aspects of fulflllment.

You can either send the products from your own base or use the services of a third party fulfillment agenct like Shipbob or Shipmonk once there are retail sales to support this.

Outside of this, there are the general steps required in running any business. - Responding to customers - Inventory management - Social posts and blog posts - Research of new products - Any digital advertising

This business was founded: about 3 years ago
Time to run this business: approximately 5 hours per week

Description

General description

  • The brand has been established since 2017, with strong SEO rankings helping to generate consistent traffic each month. A number of blog articles brings in consistent online traffic, even without any paid advertising
  • Keywords ranked include 'customized bamboo straws, laser engraved bamboo straws ' and 'custom bamboo straws'
  • We have sold to large companies like University of Southern California, Keep America Beautiful, Bluestone Lane, Georgia Aquarium and a number of other restaurants, hotels, bars and other businesses
  • We have an established relationships with suppliers and work exclusively with Vietnamese companies, never using Chinese companies in our supply chain.
  • Extensive visual assets and educational materials, brochures, business cards and all other aspects of visual identity
  • Our customers tend to come back - we see 11% of our customers purchasing from us again, meaning ongoing revenue sources.

Why should someone buy this store?

You're looking to begin or continue your ecommerce journey with a recognizable brand that has a net positive benefit on the planet we all share. This isn't selling polyester blend print on demand t-shirts, you're contributing to the betterment of the earth, a direction our world has been consciously moving towards.

The average order value is high and the conversion rate can be improved to supercharge your results.

How can the future owner improve the business?

  • Spending more time approaching wholesale customers
  • Transitioning to a retail rather than wholesale model
  • Increasing social presence and posting regularly on social channels
  • Creating an SEO plan and building backlinks, guest blogging
  • Establishing relationships with similar brands/subscription companies

What work have you put into the store?

We have spent a lot of time building the store over the years: - Professional quality images in both studio and lifestyle setup - BBC videographer working to tell the brand story through film - Strong branding and visual identity has been established through graphic designer. This includes brochures, business cards, care cards etc. - A number of blog articles have been written to bring in traffic - Extensive work backlinking directories and working to improve SEO - Establishing close relationships with smaller, impact-focused manufacturers

Traffic and Performance

  • Avg. revenue /month
    $1,522
    Verified
  • Avg. sessions /month601Verified
  • Avg. profit /month
    $700
  • Profit Margin46%
  • Avg. sales /month5
Other details about profit: We sell to some customers outside of Shopify through our store on Etsy. We incorporated the company in Singapore in Dec 2019 and had an arrangemnt where a surcharge was added to products in order to cover operational costs in Vietnam. This distorts the profitability for 2020, making it appear as though we had less profit than what we in fact did.
Total revenue
  • $59,373
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 23,460Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $39
      /month
    • Domain
      $35
      /year
    • Gmail, Apps
      $30
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      - Banner images - Logo and all branding materials - 10GB+ Video content - Studio Shots of all products - Lifestyle shots of products - Social media images - PSD files of all graphics - Full ownership of domain - Business Card - Brochure - Thank You/Care Card We can pass on the graphic designer's contacts for continuity. (Will transfer ownership of full Drive folder with all relevant assets)
    • Personal support after sale

      I will take you through all aspects of the business and provide 1 hour of coaching one hour per week for one month.
    • Domain

    • Product photos

      We have lifestyle and studio shots of all products. These will be transferred via Google Drive.
    • Social media

      Total followers1,000subscribers
    • Suppliers

      We have a very close relationship with a Vietnamese partner that handles all elements of logistics and quality control. It is a hands off arrangement. They send all products to our customers directly via UPS. Monthly invoices are tallied and sent from this company based on orders fulfilled across the month. In addition they are able to send products directly to third party fulfillment partners like Shipmonk or Shipbob.
    • Mailing List

      292subscribers

    Seller‘s Advice

    How to grow this business

    Pivot towards a direct to consumer model. We have traditionally only sold wholesale quantities due to the costs associated with sending from Vietnam. With some up-front investment in stock, it will be possible to sell in smaller quantities with a much higher margin.

    Work in collabortion with other eco-friendly brands in Instagram competitions and other collabs to build a following, creating a movement-driven brand with strong brand identity.

    Further strengthen relationship with Vietnamese partners and build upon a stable base of wholesale orders.

    Expand the product lines to include more textile-based products. We also have a working prototype of a first-of-its-kind biodegradable portable ashtray that is ideal for festivals, events, beaches and other outdoor activities.

    Skills to have

    A knowledge of how to use Shopify would be very useful. As with any ecommerce endeavour, a working knowledge of SEO, data analysis and media buying skills will come in handy.

    We can provide exclusive connection with our manufaturing team in Vietnam to assist with purchasing and shipping to your logistics center.

    Share

    LJ
    Luke J.Current store owner

    Tags

    Similar Businesses

    Sold businesses

    Our features for a secure experience

    Exchange Trust

    • Verified revenue and traffic
    • Secure messaging platform
    • Escrow payment system
    • Dedicated migration team
    Learn more

    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.