- Avg. revenue /month$5,058
- Avg. sessions /month1,341
- Avg. profit /month$2,900
Why this business was started
The business was started when I noticed the potential of revenues of smart home and other consumer electronics that had large margins with suggested retail pricing. Selling below suggested retail pricing with low overhead allowed for large number of sales with no issues.
Most items can be drop shipped from suppliers with the exception of some items (such as Nest) but these can be purchased as orders are placed allowing you to retain no inventory. Customers understand that customer support won't be real time replies and within 24-48 hours when they are buying items for large discounts compared to other eCommerce stores.
The reason of selling this business
We're moving into professional services including installation of products and away from strictly selling just hardware. Due to moving our office, we're no longer in a prime area to allow us to operate (Toronto).
What's involved in running this business
Research well selling consumer electronics, source from distributors which allow drop shipping or order stock as required for you to ship yourselves.
Customer support was handled strictly though email with 24-48 hours response time.
Traffic and Performance
- Avg. revenue /month$5,058Verified
- Avg. sessions /month1,341Verified
- Avg. profit /month$2,900
- Profit Margin60%
- Avg. sales /month50
- Shopify plan
- DigitalOcean VPS for price generating
Physical inventoryNot Included
Logo and branding assetsLogos & domain name will be transferred along with Social media accounts (Facebook, Twitter, Instagram)
Personal support after saleOptional support on operations of business (up to 20 hours), providing supplier connections, assisting with automation setup of StockSync scripts and supplier price management using a DigitalOcean VPS and database available up to 5 business days after sale excluding weekends/holidays.
Product photosNot Included
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.