All prices in USD

Private listing #560243

URL Hidden
$100,000
  • Avg. revenue /month
    $32,022
  • Avg. sessions /month37,011
  • Avg. profit /month
    $9,000
  • Inventory value
    $55,000

Business Story

Why this business was started

I think it's important to point out we launched this business on June 7th even though we owned the Shopify account before. You can see by the numbers our average monthly sales are much higher. We started this store to generate cash flow for us to reinvest into other projects they are working on. We would like to focus more on our other brands as they require more work from us. This business strategy and store has proven itself over and over again, and we have been profitable from day 1 and we guarantee you will keep profits from day of sale as we are currently scaling.

The reason of selling this business

To invest ourselves into our other brands, we have spread ourselves too thin. We were between hiring someone to manage this and selling it. We would rather sell this store and invest the money into our other project.

What's involved in running this business

We've already on boarded a full time virtual assistant that handles fulfilling orders, customer service and supports on product research. This virtual assistant is just a contracted freelancer we pay hourly. The last piece of the business is running advertisements which is easy to learn on your own or hire for.

This business was founded: 7 months ago
Time to run this business: approximately 7 hours per week

Traffic and Performance

  • Avg. revenue /month
    $32,022
    Verified
  • Avg. sessions /month37,011Verified
  • Avg. profit /month
    $9,000
  • Inventory value
    $55,000
  • Profit Margin35%
  • Avg. sales /month580
Other details about profit: We only started actually operating this store on June 7, 2020. We did over $27,000 in sales our first month this shows the power of our strategy and infrastructure we put in place. We're on track to hit $100k this month at our current growth rate. We have created store with similar processes that have done millions of dollars in sales in less than a year. Some of the dips in our sales numbers are directly related to not investing any time during the week into the business because we've been overwhelmed with our other projects. We will share all Shopify screenshots if you prove that you are a verified buyer.
Total revenue
  • $192,132
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 222,066Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $30
      /month
    • Inventory warehouse
      $0
      /month
    • Employees
      $200
      /month
    • Domain
      $14
      /year
    • Email and other apps
      $60
      /month
    • Facebook (spending depends but always profitable)
      $10,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      We will share all of our branding assets and product shots. You will also get the unique domain and social media accounts.
    • Personal support after sale

      We will go through a full on boarding process and get you caught up to speed with the virtual assistant. We will then provide a 2 week training session on our full advertising strategy. We will hand you a list of over 200 products to add to the store too.
    • Domain

    • Product photos

      We will transfer all assets through Google Drive. We will transfer all of our product shots and marketing images as well.
    • Social media

    • Suppliers

      We will connect you with our fulfillment and suppliers. You will receive our import list of over 200 products that we're ready to launch, this will kickstart your product research process. I think it's important to point out we launched this business on June 7th even though we owned the Shopify account before. You can see by the numbers our average monthly sales are much higher.
    • Mailing List

      11,500subscribers

    Seller‘s Advice

    How to grow this business

    Product research is key. Finding products to test is a must, we suggest testing at least 5-10 products a week to find a "winner". Everything else is easy to accomplish such as ads. We only use Facebook ads. Our ads system has proven to work over and over again to generate us millions.

    Skills to have

    Slight knowledge in facebook ads, although we will show you the multi-million dollar strategy that we use. This store has a lot of powerful data and momentum that we're captured over the last few months. This data can be used to push the store to new limits, we have proved this ourselves with similar stores.

    Share

    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.