All prices in USD
  • Avg. revenue /month
    $5,708
  • Avg. sessions /month3,856
  • Avg. profit /month
    $3,911
  • Inventory value
    $15,000

Business Story

Why this business was started

We were a year out of college working in our corporate careers, when we reconnected on a call to catch up. We discussed launching a Kickstarter for a bottle opener we used to make for friends and family back in college. We used to use magnets to pick up bottle caps and after learning woodworking skills we were able to merge the bottle opener, magnets, and wood to create a beautiful product and fund a very successful Kickstarter campaign.

The reason of selling this business

We have been running DropCatch since 2013 and decided to enter the world of real estate in 2016 to invest in rental properties. At that point, we have been working on automating DropCatch for passive income. DropCatch is our baby and we want to continue to see it grow into the business it can become. With our focus shifted over to real estate, we no longer have time to push sales. It is perfect for someone to jump in where we left off as we enter our highest sales volume of the year. The holiday season!

What's involved in running this business

We have automated the business as much as possible. The only manual tasks include monitoring customer service and making sure inventory stays in stock. We spend no more than one hour each week on operations. The customer service emails consist of customers reaching out with questions regarding their order, wholesale inquiries, and any returns or special requests. Monitoring inventory consist of keeping track of stock levels to ensure nothing runs out. We have preferred suppliers for each of our products and you reach out to place the order. We can provide guidance on production timelines for each product. The automation is around order flow. For example, if a customer places an order from any of our sales platforms, the orders all aggregate into our shipping software. The shipment gets routed to Amazon, where they ship it to the final customer. This can be toggled off and shipped from your warehouse if you prefer. From there, we have automatic emails that go out to confirm the order, once the order is shipped, and once it is delivered. This significantly cuts down on customer service activities.

This business was founded: over 7 years ago
Time to run this business: approximately 1 hour per week

Traffic and Performance

  • Avg. revenue /month
    $5,708
    Verified
  • Avg. sessions /month3,856Verified
  • Avg. profit /month
    $3,911
  • Inventory value
    $15,000
  • Profit Margin67%
  • Avg. sales /month213
Other details about profit: Over the average of all sales our gross margin is 58.24% and over the past two years, due to cutting expenses we have a gross margin of 67.67%. The average profit is over the lifetime of running the store, this includes the period when we stopped advertising and sales decreased. We sell on Amazon, Etsy, various dropship sites, along with wholesale accounts and promotional distributors. There are many lucrative revenue streams outside of Shopify. If there is serious interest, we would be happy to break down the numbers further. You can see where the sales started tapering, when we became hands-off owners, once the new owner takes an active role again, they have the opportunity to bring sales back to record numbers.
Last 6 years revenue
  • $405,257
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 6 years traffic
  • 273,788Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $71
      /month
    • Inventory warehouse
      $1
      /month
    • Domain
      $18
      /year
    • Shipstation
      $45
      /month
    • Facebook and Google *when we were advertising
      $2,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      We have many very valuable assets and you will receive all of them. This includes, but is not limited to banner images, social media cover photos, advertisement graphics, email campaigns, logos, photoshoot/video shoot content, photoshop files, illustrator files, anything we have. You will receive all copyrights and trademarks.
    • Personal support after sale

      It is important for us to see the company continue to grow in a meaningful way. We are more than happy to help out with the transition to make sure the new owner feels comfortable with running the company. This will include an introduction to all suppliers, providers, wholesalers/distributors, etc. We want to make sure the next owner succeeds and we will be available for a one month transition period.
    • Domain

    • Product photos

      We have many valuable assets from numerous photo and video shoots over the years. We will provide all of these.
    • Social media

      Total followers33,601subscribers
    • Suppliers

      We will make introductions to all of our suppliers. We have great relationships in the USA and overseas.
    • Mailing List

      21,493subscribers

    Seller‘s Advice

    How to grow this business

    To start, we would reengage the community through our social media accounts and email marketing lists, which have amassed large followings. We would also reactivate our successful Facebook, Google, and Mail Chimp ad campaigns. Expanding the existing product line would be a huge opportunity for growth among existing customers and wholesale clients. Lastly, we recommend setting up a distribution point internationally to lower shipping costs for overseas customers.

    Skills to have

    We would recommend the new owner to be a driven, self-starter! Running a business takes a go-getter mindset and you will need to step up to the plate and take action. Whether it is securing a PO with a wholesale account, helping a customer with a question, or making sure inventory is in stock.

    Share

    JW
    Joe W.Current store owner
    Finally, an opportunity to buy a brand! We started DropCatch in 2013 and have seen great success with the company over the years. We have developed a line of high end beer, wine, and spirit accessories. We have found a passion in real estate and although we still run DropCatch, we no longer actively market our products and strictly sell via word of mouth. With countless press mentions, numerous wholesale/dropship accounts, and many loyal customers across all sales platforms; you are jumping into a great opportunity to pickup where we left off.

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