- Avg. revenue /month$24,125
- Avg. sessions /month14,130
- Avg. profit /month$4,000
Why this business was started
Lockdown provided me with a lot of free time and I wanted to use that time productively so that led me to setting up my own business. I was always interested in fitness and after a lot of research I came to across a very memorable word which has millions of searches across social media - this is now our brand name. The word has been trademarked (the trademark paperwork will be passed onto the new owner).
Valuations: - EmpireFlippers valued GymRat at over $180,000. - Exchange Marketplace valued GymRat at over $300,000. - Flippa has valued GymRat at $75,000 - 91,000.
GymRat has over 200 unique blog posts. Each blog post ranges from 500 words to over 2,000 words.
The reason of selling this business
I have another store (selling electronic gadgets, laptops, cameras, drones etc.) that I am the sole owner of. I have built a good relationship with one of my main suppliers for the electronic goods and they are providing me with a higher than usual discounted prices - this is extremely favourable as the profit margins are a lot higher. I have therefore decided to sell this (fitness) business and spend a lot more time on the electronic gadget store.
What's involved in running this business
Fulfilment of orders (ordering from suppliers). All our suppliers are based within United Kingdom therefore our products are with the customers within 1-3 working days of them placing the order. Working towards organic traffic, you can see a huge increase in our brand ranking for more keywords - this is mainly due to me spending a little time on the search engine optimisation (I can teach you what you would need to do). This in-effect has increased the domain authority to 38. Our products are directly linked with our suppliers therefore if there are any products which are out of stock - they will be automatically out of stock on our end. You will need to send some marketing emails (I have only sent 4-5 emails throughout my whole time running this business). This business has around 10,000 subscribers (email and text). I also spend around 10-15 mins a day posting across our social media channels.
Traffic and Performance
- Avg. revenue /month$24,125Verified
- Avg. sessions /month14,130Verified
- Avg. profit /month$4,000
- Profit Margin20%
- Avg. sales /month490
- Shopify plan
- Shopify Applications
- Google (mostly) /Facebook
Physical inventoryNot Included
Logo and branding assetsYou will receive a link to the google drive which contains all branding assets (this will be after your acquisition). This includes logos, banner images, social media cover photos, advertisement graphics etc.
Personal support after saleYou will receive my dedicated support over the first 6 months to get you up and running. I will then continue to provide you ongoing support even after the first 6 months are over as I want for this business to succeed. You will receive both my email and contact number (you can reach me via email/text message/call - whichever works better for you). You will be provided with the relevant support documentation, I will even come onto video calls and help you whilst screen-sharing. I am happy to provide you the support you require depending on your experience and knowledge!
Product photosAll product photos are in live or draft within Shopify.
SuppliersAll our suppliers deliver our products within 1-3 working days. They are all based within United Kingdom and that is the benefit of our business. We have great relationships with our suppliers and are always an email/call away.
How to grow this business
There are multiple channels you can utilise to make this business grow. Below are some I would recommend: | Start to hold stock to get higher profit margins | Sign up onto an Affiliate network | Create a mobile application using the Shopify app (retains customers) | Link the products with eBay/Etsy/Amazon and many other marketplaces | Work with influencers within the fitness market | Focus on the search engine optimisation (SEO) | Focus on the branded clothing line (I haven't really paid any attention to it) | Continue the work I have started.
Skills to have
You do not need any specific skills or knowledge to run this store. It would however be beneficial if you had any skills within SEO, Social Media Management, etc. I can however confirm that these skills are extremely easy to learn and it took me a couple of YouTube videos to get my grip of them. Whenever anything didn't make sense, Google and YouTube always provided me with the solution.
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.