Charms and Bangles
We started this store 2 years ago and mostly sell premium, one size fits all bangle bracelets, similar to Alex & Ani, but use a custom bangle and own charms to bypass any possible confusion and patent (they have one for their own bangle).
Gross Sales 2016 - 967,410.38 Gross Sales 2017 - $154,369
It includes a monthly membership, which currently is at about 90 members (we haven't promoted it in over a year, very low churn rate now as they are core members that love the offer) - this generates about $1,500 in profit on the 1st of every month which is a nice way to start the month.
We have one contractor that puts together the bangles, does customer service, fulfillment, and creates the monthly box and works with an Etsy supplier to craft a new bangle for each box in time to send out by the 7th of the month so they receive on the 15th.
We have installed and secured great rates for POD service, ShineOn, which is a print on demand jewelry company that makes beautiful bangle bracelets and more, so rapid testing of new products can begin without taking on inventory. We also have about 15-25 other bangles not listed on the website in stock, but took down to not crowd the site for holiday season's best sellers.
We have over $200,000 in inventory (retail value) that we will include in the sale, including our best selling Wine Bangle (have sold over 10k) which we have about 7,500 bangles of. Also, includes our custom boxes, which we ordered from PackLane and have about 3,000 left. We also have about 10k stainless steel bangles that are top of the line, and perfect for creating new bangles with to test on the store. We won't charge for any of this inventory, just shipping cost of everything to get to you.
We are looking to pass this on to a buyer who has an interest in the jewelry niche, and/or a company already that could absorb this brand and expand it or maximize profit/efficiency.
Financials and traffic
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