- Avg. revenue /month$13,191
- Avg. sessions /month8,741
- Avg. profit /month$3,780
- Inventory value$300
Why this business was started
The business was started in 2013 and launched in May 2014. As the principals have extensive experience in product development/marketing and large-scale IT implementations, they were well placed to take advantage of the growth in the online drop shipping furniture sector in the UK. The business has shown year on year growth organically from that point. All supplier relationships will be provided in the sale.
The reason of selling this business
The principals are a couple and have for the past 12-18 months suffered from family health issues; this has resulted in an inability to provide the necessary input in terms of time and effort to grow the business as desired.
What's involved in running this business
The business can easily be broken down in to manageable segments. 1. Marketing; management of digital marketing platforms and sales generation; support and management of Social Media platforms and marketing. Various tools are used to assist in this process. 2. Inventory management; the sourcing of new vendors and updating of products from existing vendors. Stock management is mostly automated across 30+ vendors. 3. Admin, customer services and financial management.
Traffic and Performance
- Avg. revenue /month$13,191Verified
- Avg. sessions /month8,741Verified
- Avg. profit /month$3,780
- Inventory value$300
- Profit Margin25%
- Avg. sales /month100
- Shopify plan
- Inventory warehouse
- Office 365/apps and plug ins
Logo and branding assetsAll brand assets, designs and original brand descriptions provided by Dropbox.
Personal support after saleTraining on the systems will be included in the sale. Full information and support documentation as to the supply chain will be provided. Full operational support will be included with back up for up to 3 months(negotiable). Digital Marketing services are available at an extra cost.
Product photosAll photos are loaded in Shopify, original high resolution images provided by Dropbox. Over 20,000 images available
SuppliersAll supplier relationships will be passed on.
How to grow this business
There is a raft of opportunities to grow the business primarily through effort rather than financial investment. The site is highly functional utilising the best available technologies for responsiveness, SEO, recommendation and personalisation.
From a marketing standpoint there are opportunities to be explored with CPA and CSS as only Google has been used thus far. CSS and Affiliate marketing in particular represent excellent opportunities for increased revenues as does the use of marketplaces such as Amazon and Ebay which can be integrated to perform automatically.
New supplier and product opportunities can be used to increase margins further, especially through direct connection with suppliers which could lead to wholesale and distribution opportunities.
Skills to have
A knowledge of the furniture market would be advantageous but is not necessary as the supply chain is well established. Digital marketing skills would also be valuable to fully take advantage of the infrastructure provided by the sale.
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.