All prices in USD
  • Avg. revenue /month
    $24,125
  • Avg. sessions /month14,130
  • Avg. profit /month
    $4,000

Business Story

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.

This business was founded: almost 2 years ago
Time to run this business: approximately 35 hours per week

Traffic and Performance

  • Avg. revenue /month
    $24,125
    Verified
  • Avg. sessions /month14,130Verified
  • Avg. profit /month
    $4,000
  • Profit Margin20%
  • Avg. sales /month490
Other details about profit: There are some sales which have taken place outside of Shopify which have not been displayed below (this includes businesses such as Met Police, Staffordshire Police, NHS, Pharmacies etc.)
Total revenue
  • $530,761
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 310,877Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $30
      /year
    • Shopify Applications
      $323
      /month
    • Google (mostly) /Facebook
      $2,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      You 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 sale

      You 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!
    • Domain

    • Product photos

      All product photos are in live or draft within Shopify.
    • Social media

      Total followers21,000subscribers
    • Suppliers

      All 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.
    • Mailing List

      10,000subscribers

    Seller‘s Advice

    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.

    Share

    BM
    Behzad M.Current store owner
    Project management professional. I enjoy designing, optimising and making websites perform! This really is a remarkable business opportunity as the account has a verified Pinterest profile with thousands of followers across the social media channels. The business is on an upward trend (in terms of organic growth). You will receive all the subscribers (both email and text).

    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.