All prices in USD
  • Avg. revenue /month
    $20,948
  • Avg. sessions /month11,631
  • Avg. profit /month
    $10,300
  • Inventory value
    $448,629

Business Story

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.

This business was founded: about 4 years ago
Time to run this business: approximately 40 hours per week

Traffic and Performance

  • Avg. revenue /month
    $20,948
    Verified
  • Avg. sessions /month11,631Verified
  • Avg. profit /month
    $10,300
  • Inventory value
    $448,629
  • Profit Margin50%
  • Avg. sales /month600
Other details about profit: The average monthly revenue listed below was automatically entered and takes into account our first year revenue of $34k vs last year at $557k, when we've been growing at more than 2x per year and now that we have a better handle on Facebook/Instagram marketing our margins are even greater. We have been profiting more than $15,000/mo though with the automated amount it won't let us reflect that above. I should also mention that we have over 19,000 items in inventory and there is no debt owed. That inventory value is currently $457116.07
Total revenue
  • $1,068,325
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 593,190Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $0
      /month
    • Employees
      $2,500
      /month
    • Domain
      $150
      /year
    • facebook/instagram. We typically spend $400-500 a day. We have a facebook consultant that checks in weekly, a free service.
      $12,000
      /month
    • Canva, google photos
      $35
      /month
    • 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.
      $1,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Brand 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: hello@frankandbuck.com and weddings@frankandbuck.com will also be transferred.
    • Personal support after sale

      We 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.
    • Domain

    • Product photos

      Photos will be transferred via google photos.
    • Social media

      Total followers16,000subscribers
    • Suppliers

      We will introduce you to our sewer and fabric suppliers.
    • Mailing List

      1,400subscribers

    Seller‘s Advice

    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.

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    et
    emily t.Current store owner
    We are Frank and Buck, the owners of Frank & Buck. We live in Mesa, Arizona. We saw the opportunity to build an online shop focused on men's ties and accessories. We have fantastic supplier partners which differentiate us from competition. We have a large family that is now grown and we are moving overseas. We would love to find the right home for Frank and Buck.

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