- Avg. revenue /month$5,045
- Avg. sessions /month1,775
- Avg. profit /month$3,750
- Inventory value$20,000
Why this business was started
In 2006, there was a shortage of high quality aftermarket, machined Toyota parts. We started with a simple battery clamp design for personal use, and discovered a huge market. The shift knobs have since become our best seller, and are admired worldwide by Toyota enthusiasts. With the current offering, we are able to connect with customers driving Toyota vehicles made in the 70's or older, all the way up to this current model year. With some design and marketing tweaks, the product line can easily be expanded to include more current year models as well.
The reason of selling this business
With a young growing family, the time required to focus on the business in order to see it grow and reach it's potential is waning. It is sustainable and profitable as is (with much help from the Shopify store), but has a great deal of potential that may not be able to be exploited under the current ownership.
What's involved in running this business
Direct manufacturing or contract manufacturing of the already designed products, straightforward quality control (mostly visual appeal), creating of packing slips for contract anodizing, more simple quality control, fulfilling of online orders captured by Shopify, packing of parts, and simple shipping label creation (online). Customer support is a key aspect, and marketing is a weak area that could easily be vastly improved.
Shopify store front, intellectual property (engineering drawings), social media presence, and in-stock inventory with many unique products. No software or machinery is included, but personal support and manufacturing expertise will be provided as part of the sale. A CO2 (or similar) laser table would be an excellent asset in order to continue to provide fast, efficient, and low-cost custom etching, and this piece of machinery and accessories can be negotiated.
Why should someone buy this store?
With some marketing flair and some manufacturing adjustments, this store can be taken from routinely profitable to extremely profitable.
How can the future owner improve the business?
Product photos can easily be improved, and with a growing number of products, the introduction of SKUs could greatly improve inventory management.
What work have you put into the store?
This store was created from scratch using a Shopify template, by someone who is extremely skilled with machinery but lacks web and marketing skills. In spite of those limitations, it has remained profitable and the Shopify customer and user interface has drastically reduced required labour, while increasing throughput, ease of accounting, and customer satisfaction (immediate and automated order updates, etc).
Traffic and Performance
- Avg. revenue /month$5,045Verified
- Avg. sessions /month1,775Verified
- Avg. profit /month$3,750
- Inventory value$20,000
- Profit Margin75%
- Avg. sales /month80
- Shopify plan
- Inventory warehouse
Logo and branding assetsTransferred via email, cloud drive, or physically sent on digital storage media
Personal support after saleEmail and instant messenger support, with occasional phone support as required. Manufacturing advice, order fulfillment training, industry contacts and a couple new products in development can be completed and handed over.
Product photosTransferred via email, cloud drive, or physically sent on digital storage media
Mailing ListNot Included
How to grow this business
There is a great potential to lower manufacturing costs while maintaining quality by producing these products in the United States, where both manufacturing costs and taxes are lower. In addition, this would decrease the cost of shipping substantially and improve shipping speed a great deal. The majority of Ellis Precision customers reside in the USA, though we have managed to create a global audience with customers on every continent.
Skills to have
Some manufacturing experience would be a great asset, while access to or the means to buy CNC equipment for in-house production could further decrease cost per part. Customer service has been what sets us apart lately, with some parts approaching our level of quality, so the ability to have someone that can stay engaged with customers through social media and email would be extremely beneficial.
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.