- Avg. revenue /month$896
- Avg. sessions /month286
- Avg. profit /month$620
- Inventory value$1,500
Why this business was started
This business started out as a craft business by a friend and I. She decided to pull out and I took half the name and decided to go boutique with it. We started on facebook, we've been in some stores in a booth, we've been mobile ( we won Mobile Boutique of the year from the Hub that year!), and we have had our own storefront, and finally we created a website to save on overhead of a store and staff, and that has proven successful!
The reason of selling this business
I've been thinking about this for a year. We have come such a long way, but there is still so much potential! We still have debt from opening the storefront and paying staff ( bad business decision at the time) and I'd love to pay that off. This store could defintitely be profitable with overhanging debts erased! It is hitting the stage of growth. We have people from all over the United States who order from us, but there are still Customers out there to be reached for it to continue growing.
What's involved in running this business
Keeping up with the pictures on the website is very important, shipping, ordering inventory, keeping up an instagram, and my biggest avenue is posting and interacting daily and all day long on facebook, it is by far my largest market.
Traffic and Performance
- Avg. revenue /month$896Verified
- Avg. sessions /month286Verified
- Avg. profit /month$620
- Inventory value$1,500
- Profit Margin40%
- Avg. sales /month80
- Shopify plan
- Inventory warehouse
- Shipping costs me approxiately $3-$8 per package to send, I charge $4 shipping up to $30 purchases, but purchases $30 and over ship free* see (price includes supplies such as tape, mailers, etc.)
Logo and branding assetsEmail and mail. I have a logo that I purchased that can be emailed. I have tagging cards, signs, and a few other items with the logo that can be shipped.
Personal support after saleI would be willing to help with any questions for the first 3 months after the sale. I will be willing to share tried and true wholesalers, info on who NOT to order from, and sales tax help/info. I would also share what has been succesful for me on facebook.
Product photosYou will be welcome to the logo, any graphics that I have created specifically for the store with the brand, and any of the pictures we already have taken of inventory that is in stock.
SuppliersSupplier Accounts that are already set up, we will get them transferred to you.
Mailing ListNot Included
How to grow this business
As I said, this year I have really been pushing the online store. One thing that I have found that is so helpful in growth is relationships with your customers. When you have a relationship with you, they tend to recommend you to their friends and family more, therefore growing your customer base.
Skills to have
To love encouraging women is helpful! When you make them feel good about themselves, they keep coming back. That means more than just size small models. All size models is very helpful. I started the online store shipping free (bad move as I did not add that into my prices well) so I began to charge shipping, but just make sure however you do shipping, to make sure to add it into your price, because shipping can eat into your profit if you don't charge for it.
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.