All prices in USD
  • Avg. revenue /month
    $22,156
  • Avg. sessions /month3,677
  • Avg. profit /month
    $15,500
  • Inventory value
    $29,000

Business Story

Why this business was started

We saw a gap in the market place to supply affordable quality sofas to metro areas and the regions by sourcing a unique flat-packed/knockdown product supplied in cartons. Flat-packed reduces shipping and storage costs, with the added benefit of a patented design enabling customers to choose left or right chaise on assembly. Operating an exclusive eCommerce retail business enabled us to increase profitability by keeping overheads low and break free from the normal daily routine.

The reason of selling this business

We've been growing this business for seven years. Time for us to move on to our next challenge, and hand this business over to a new owner with fresh ideas to take the business to the next level. Priced under market valuation for quick sale.

What's involved in running this business

Mostly automated, but with manual stock purchasing, accounts, customer service and web site maintenance. Use your own selling skills as you see fit. As much marketing as you wish to indulge in, using SEO or social media. Organise customer deliveries and the occasional (less than 0.005%) minor service issues.

Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $22,156
    Verified
  • Avg. sessions /month3,677Verified
  • Avg. profit /month
    $15,500
  • Inventory value
    $29,000
  • Profit Margin88%
  • Avg. sales /month45

Other details about profit: Profit can be increased by working in the business yourself.

Last 4 years revenue
  • $1,107,785
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 4 years traffic
  • 183,880Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $189
      /month
    • Inventory warehouse
      $1
      /month
    • Retail space rental
      $1,775
      /month
    • Employees
      $5,500
      /month
    • Domain
      $10
      /year
    • Mailchimp Zapier Olark Wufoo Xero Google
      $320
      /month
    • Gumtree and Facebook Marketplace
      $1
      /month
    • Inhouse
      $1
      /month
    • Bank fees Vehicles Phone Power Insurance
      $1,000
      /month

    Sale Includes

    • Physical inventory
    • Logo and branding assetsAll intellectual property including domains, logos and social media accounts, as well as current Shopify store. Access to all will be provided through relevant system or legal transfers.
    • Personal support after saleInitial training provided for one month, with ongoing support as required up to three months from purchase date. Any further assistance will be provided as required and negotiated.
    • Domain
    • Product photosAccess will be provided to suppliers product photos via Dropbox.
    • Social media
      Total followers2,000subscribers
    • Suppliers
    • Mailing list
      4,070subscribers

    Seller‘s Advice

    How to grow this business

    To grow this business there is the opportunity to expand the product range and service other major metropolitan centres more effectively. The supplier has a large product range of sofas and other home furnishings readily available. Setting up an eastern states location will enable better access to Sydney, Melbourne and Brisbane markets, reducing costs whilst increasing sales.

    Skills to have

    Knowledge of online marketing skills would be great. If you have basic customer service skills that's really all you need as the products sell themselves. Add in some basic office admin, accounting and common sense and you're all set. Additional skills in computing, upholstery and inventory management would be a bonus.

    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.