- Avg. revenue /month$20,948
- Avg. sessions /month11,631
- Avg. profit /month$10,300
- Inventory value$448,629
Why this business was started
We started this to show our children how to run something from the ground up, and provide them a job and income through their college and high school years. It has served that purpose and so much more. It's been a wonderful working project for our family that continues to grow by more than double every year. We selected ties and accessories because they are light to ship and we have supplier relationships that provided a competitive advantage. We do most of our business online and offer in-person pickup and shipping from our shop as well.
The reason of selling this business
We are moving overseas for another job opportunity. Otherwise, we would keep on loving Frank & Buck! It has served us well in so many ways, teaching business skills, how to work, problem solving, brain storming, planning/organizing schedules and business plans, how to work together by dividing time and talents. It has also provided work for members of our community who lost work during the pandemic. We've been able to support fundraising, and donate ties to hospitals and various organizations in countries worldwide.
What's involved in running this business
We have a few great supplier partners and employees who can do the day-to-day heavy lifting if you desire. This involves everything from selecting fabrics all the way through marketing and order fulfillment and customer support and service. Supplier relations, customer relations, ordering product, fulfilling orders, photographing and listing items for sale on the website, tracking inventory, social media marketing, employee training and schedules, newsletters, running ad campaigns, working with wedding clients and more.
We have mastered facebook and instagram marketing and fine-tuned it to our business. We are also looking beyond facebook and instagram and have developed 1:1 permissioned connections with thousands of loyal, referring customers.
Traffic and Performance
- Avg. revenue /month$20,948Verified
- Avg. sessions /month11,631Verified
- Avg. profit /month$10,300
- Inventory value$448,629
- Profit Margin50%
- Avg. sales /month600
- Shopify plan
- Inventory warehouse
- facebook/instagram. We typically spend $400-500 a day. We have a facebook consultant that checks in weekly, a free service.
- Canva, google photos
- Customer pays for shipping on orders less than $70. We transfer this to shopify and they pay USPS. We charge $1.50 handling fee on all orders under $70.
Logo and branding assetsBrand and associated Frank and Buck trademark, all inventory, logos, marketing materials, web site and domain, label printers and current supply of labels, stickers, business cards and poly mailers will be transferred and included in the business. Logo and branding will be transferred with the store. Logo pdf will also be emailed to you. Sale also includes 9 Ikea shelf units that fit the ties from warehouse perfectly. Two triangle rolling racks also included in the sale. Links to shipping supplies we use will be provided. Buyer responsible for transfer of inventory and all desired business supplies-shelving, racks, printer, remaining labels, remaining business cards. Email addresses: firstname.lastname@example.org and email@example.com will also be transferred.
Personal support after saleWe will provide training 5 hours a week in person (or remote via zoom, skype or facetime) Monday through Friday until June 1, 2021 for one or two sessions per week (5 hour session or 2.5 hour x 2). We will provide up to 5 additional remote hours in two sessions (2.5 hour x 2 ) M-F excluding holidays, to be redeemed prior to July 1st, 2021, remotely via facetime, skype or zoom. After this, help can be mutually agreed upon and scheduled, if needed.
Product photosPhotos will be transferred via google photos.
SuppliersWe will introduce you to our sewer and fabric suppliers.
How to grow this business
Now that we have such a powerful platform and loyal customer base, we would add additional products and continue to offer a wide variety of fabrics to stay unique. We have a few stores where we sell wholesale, but many more requests. This could be also be a huge avenue to explore. Other avenues of marketing would propel this company. We have only scratched the surface in this area, if marketing is one of your talents, you could really do well.
Skills to have
Customer service, organizational skills, international relations and cultural awareness when dealing with suppliers, accounting, marketing-esp. social media, photography, graphic design. We have an employee that is very talented in this area and could stay on as needed.
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.