All prices in USD
  • Avg. revenue /month
    $2,798
  • Avg. sessions /month896
  • Avg. profit /month
    $460
  • Inventory value
    $1,000

Business Story

Why this business was started

My wife and I wanted to use our skillsets and combine them to create additional revenue streams. We're both passionate about being eco-friendly and saw a huge potential in the ebike market segment. Factory built Ebikes (electric bicycles) are very expensive and hard to come by, so we focused on the ebike conversion market which has also seen explosive growth.

The reason of selling this business

While the massive growth our store has experienced has been phenomenal and hugely fun to be a part of, other things in our life are starting to take higher priority - we have 3 very small kids, we recently bought a new house which needs renovating and my professional career is taking off and needs more attention. We're extremely proud of what we've built and achieved and are now ready to let someone else grow it even further!

What's involved in running this business

Day to day its quite simple:

  • answer customer and potential customer questions via the live chat function (shopify app)

  • fulfill orders via Aliexpress

  • be the point person between suppliers and customers for any questions

  • update shipping information/tracking numbers

  • manage the google shopping site

This business was founded: about 2 years ago
Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. revenue /month
    $2,798
    Verified
  • Avg. sessions /month896Verified
  • Avg. profit /month
    $460
  • Inventory value
    $1,000
  • Profit Margin15%
  • Avg. sales /month4
Other details about profit: Other details about profit: - Total sales since store launch in June 2020: over $74KUSD - Average order value is over $1400 USD - Returning customer rate is over 13% - All of our ad campaigns (Google shopping) in 2021 to generate these sales costs only $240 per month! - May 2021 revenue is sitting at $12,500 USD (as of May 26th)
Total revenue
  • $72,739
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 23,316Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $120
      /year
    • Third Party Apps
      $29
      /month
    • Google Ads
      $200
      /month
    • Google G-Suite
      $10
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      everything transferred digitally
    • Personal support after sale

      Support will be provided for 3 weeks following the sale of the store, including: - training on Shopify portal (2 hours) - training on Aliexpress and sourcing/fulfillment and Oberlo (3 hours) - training on Google Ads (1 hour) - training on products offered (1 hour) - training on sales tracker (1 hour) - support for customer questions/issues/ad hoc inquiries (maximum of 3 hours over course of 3 week period) - payment of ALL chargebacks and refund requests from all customer orders originating during initial ownership of the store.
    • Domain

    • Product photos

      everything transferred digitally
    • Social media

      Total followers380subscribers
    • Suppliers

    • Mailing List

      45subscribers

    Seller‘s Advice

    How to grow this business

    The store has shown massive potential due to the explosion of ebike sales and interest in electric vehicles in general. Covid further boosted this trend, and we saw sales increase a lot due to less people travelling.

    The biggest opportunity for growth is through creation of more digital content on Youtube, growing the subscriber base, and expanding internationally. Canada is a market we only started tapping into in the last few months and have had huge success, and there is very little competition here. The US still has tons of opportunity for growth and is a more stable market year-round due to the various climates. There's also the potential to expand into the UK and Australia via social media and Youtube especially.

    Skills to have

    I didn't have any technical hands on experience with building bikes, batteries or electric motors - and I made it work just by slowly reading up on it by answering customer questions. You need to be a little bit technical to understand the basic concepts of ebikes, motors and batteries - enough to answer basic customer questions. The rest can easily be learned as you go.

    MB
    Marko B.Current store owner
    I'm a father of 3 and an entrepreneur on the side as well as having a regular day job and successful career. I love the dropshipping business model and decided to apply it by starting a few stores with my wife. I have a strong operational background and she is an experienced digital marketer, and with this combination of skills we've successfully launched several online stores.

    Tags

    Similar Businesses

    Sold businesses

    Our features for a secure experience

    Exchange Trust

    • Verified revenue and traffic
    • Secure messaging platform
    • Escrow payment system
    • Dedicated migration team
    Learn more

    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.