All prices in USD
$6,250
  • Avg. revenue /month
    $55
  • Avg. sessions /month176
  • Avg. profit /month
    $50
  • Inventory value
    $16,100

Business Story

Why this business was started

My friend & I decided to invest in starting a business. After months of research we decided upon the supplement industry. Which also required additional research to find a niche within that genre. We decided to go with a "lifestyle" approach and push towards supplements that would fit a wide range of individuals, from busy mothers to blue collar workers, to on the go entrepreneurs. We invested a lot of time and money in coming up with a solid business plan to launch this company.

The reason of selling this business

Plain & simple we underestimated the amount of time that would be required to successfully build up the business. We both have full time jobs and do not have the time required for continued growth of the business. It's showed great potential in a short amount of time, but still requires more than we are capable of (time constraints) to reach its potential. We currently operate the business with about 2-3 hours worth of work a week. It would be greatly beneficial if it received a devoted 10 hours a week.

What's involved in running this business

Since this was setup as an online business, the key and most time consuming part is online marketing. From Instagram/Facebook to Google Adwords and developing content to be marketed on these platforms it is critical to the success of the business. Aside from social media marketing and/or advertising, the business requires logging into Shopify to print off orders, which then need to be packaged up and dropped off at a USPS location. We carry our inventory on hand and aim to ship all orders within one day of being placed.

With a great marketing plan in place the physical work is very low (although it will hopefully increase as orders increase).

This business was founded: almost 2 years ago
Time to run this business: approximately 3 hours per week

Traffic and Performance

  • Avg. revenue /month
    $55
    Verified
  • Avg. sessions /month176Verified
  • Avg. profit /month
    $50
  • Inventory value
    $16,100
  • Profit Margin40%
  • Avg. sales /month5
Other details about profit: We do make offline sales from a dedicated group of customers that are not included here. Profit per month is probably $100 not 50.
Total revenue
  • $1,257
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 4,067Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $10
      /month
    • Domain
      $15
      /year
    • AdWords & Social
      $50
      /month
    • Packaging Materials
      $10
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      The buyer will receive all photos/images we have accrued and can be transferred in a multitude of ways, however best fit the buyer.
    • Personal support after sale

      We'll provide assistance via phone/email for the first 30 days. We will provide all information regarding our manufacturers and methods of operating the business. Additionally we will provide social media assistance.
    • Domain

    • Product photos

      The buyer will receive all photos/images we have accrued and can be transferred in a multitude of ways, however best fit the buyer.
    • Social media

      Total followers3,000subscribers
    • Suppliers

    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    Marketing, marketing, marketing. The supplement industry appears to be very dependant on "sales"... So we see a majority of companies having sales almost monthly. That's something we did not do.

    Share

    BK
    Ben K.Current store owner

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