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$1,300 USD

GEARNEED

www.gearneed.com

Appears in Electronics and gadgets , United States, Florida, Fort Lauderdale, Oberlo stores for sale, Dropshipping, Lifestyle, Home Business for sale, Medium Business, Business and Franchises under $5,000

General description

This E-commerce business is a 5-month-old dropshipping Shopify store which has been getting the major part of its traffic via Facebook Ads but also organically. The store specialises in drop-shipping Gadgets as well as Electronics, Home & Kitchen Accessories, Cosmetics, etc and generates on average between 5k to 7k per month with about 35%-40% margin and with an average monthly profit of about 3k-5k.

*SHOPIFY Exchange Valuation price: $10,730 USD (DM for proof)

Reason for Selling: Being a Full Time Forex Trader, I don't have the time to manage the store anymore. I am looking for a new owner to take over the business as my current priorities requires me a lot of time. Being very busy lately, the website and ads have consequently not been updated for a while but still have delivered very consistent results. Since I am selling the business due to time constrains, I strongly believe that this opportunity is more attractive and offers a higher scalability and growth potential than any store with comparable figures for the following reasons:

Organics traffic: The website occupies the 1st Google search result around the world for several key words and a lot of sales simply comes from organic traffics. Those can be verified from the Shopify reports.

SEO: The website occupies the full first page of Google when the name of the brand is entered on Google search & Image.

Social proof: There are absolutely zero negative reviews over the internet as opposed to most other dropshipping business. The business count numerous customers expressing their happiness by sharing their pictures through social media.

Returning / Conversion rate / Cart abandoned: The store is converting extremlly well with an average 13% vs. (7% the average recovery rate for other Shopify stores)

Payment Gateway: Chargeback rates are below 0.3%. Store accepts a large type of payment methods using Stripe: Mastercard, Visa, American Express and PayPal, etc.

Branding & Identity: The web design is unique as the initial template has been fully customized by professional developers and UX designers. Everything has been creating in order to create a unique identity.

Domain: The domain is a short and premium “.com” one with a name which is easy to remember. This represent scalability opportunity in terms of branding.

Influencer & Partnerships: Many influencer and even media with a large amount of engaging audience can be a huge potential!

Selling Price: Due to time constrains, I have decided to sell the business below the market value when compared to other stores delivering the same kind of results.

I have been working with fully trusted and reliable suppliers (with dropshipping agreements).

I am not planning to sell the business just for the purpose of getting rid of it. I will make sure that the next owner will be able to obtain the same result with the currently established process. I will also help you to appropriately scale the business to the next level. Therefore, I will provide all necessary support to achieve this. If you are interested but not sure about scaling with Facebook, I will give you 2 weeks of coaching on FB ads for free and give you insights on how you can scale the business. Additionally, I will help you in managing the campaigns in order to increase sales. Of course, the Facebook campaigns, creative, pixel are all part of the business.

In order to achieve the current sales, one-part time VA is enough for placing orders and responding to customers. Currently, I am personally not touching it much in order to get the current sales as most processes are automated and the store has been running on the same low budget ads for several months while delivering consistent results. Obviously, more resources will be required if you would like to scale. However, the average time spent on managing the store is much lower than most other businesses which has been able to provide the same figures. There a just a few Shopify apps running such as cross-selling apps and cart recovery which holds a success rate of around 13%.

Customers are US based. Concerning Social media accounts, I will provide the Facebook page also. Regarding the leads, there are about 434 specific emails collected which are used for LAA audience and re-targeting and will be transferred to the new owner.

This offers represents a perfect opportunity for anyone who wants to start his own General/Niche E-Com Business with instant results. The valuable pixel data, leads also provide the opportunity for instant scaling. In addition, the design of the website is unique as the initial template has been fully customized by professional developers and UX designers. Finally, in term of SEO, the domain is at the very top of Google search result for several keywords and the main collection and other pages are displayed on Google’s first page.

I could easily ask $25k-$30k. However, I believe that the current listed price is way below the original and comparable market price. If you still believe that the advertised price isn’t fair compared to another comparable store, just let me know and I am ready to negotiate. However, I still believe that the advertised price when compared to all the competition that I was able to see before deciding to sell.

I am fully available to answer all kind of question and provide you with any additional information you may need if you are serious about acquiring a new e-commerce business.

Financials and traffic

The "TOTAL REVENUE FOR LAST 12 MONTHS" provided by Shopify Exchange is not showing all the Revenue as they don't count the orders paid via PayPal.
The REAL Total Revenue = $13,145.28 (Screenshoots are attached)

Average profit/month

$3,500 USD

Average overall profit margin

40%

Average number of sales/month

135

Lifetime revenue

$13,281.00 USD

Lifetime traffic

23,866 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Until March, 2018 the store was running on only $30/day FB advertising. From April, I have increased the ad expenses on advise of my current Facebook ad expert. this has increased ad cost to about $2000/month and the sales have increased from that time as well. However, since I have not made any new advert, product or any kind of optimization due to time constrain, the overall margin has remained stable.

Expense item

Cost

Shopify plan

$29.00/month

Subscriptions (ie. Mailchimp, apps)

$18.00/month

Domain

$0.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

gearneedshop

Pinterest

gearneed

Mailing list

434 subscribers

Social media followers

574 people

Q & A

Why should someone buy this store?

This store has unlimited scalability potential. It generates a profit!

Organics traffic: The website occupies the 1st Google search result around the world for several key words and a lot of sales simply comes from organic traffics. Those can be verified from the Shopify reports.

SEO: The website occupies the full first page of Google when the name of the brand is entered on Google search & Image.

Social proof: There are absolutely zero negative reviews over the internet as opposed to most other dropshipping business. The business count numerous customers expressing their happiness by sharing their pictures through social media.

Returning / Conversion rate / Cart abandoned: The store is converting extremlly well with an average 13% vs. (7% the average recovery rate for other Shopify stores)

Payment Gateway: Chargeback rates are below 0.3%. Store accepts a large type of payment methods using Stripe: Mastercard, Visa, American Express and PayPal, etc.

Branding & Identity: The web design is unique as the initial template has been fully customized by professional developers and UX designers. Everything has been creating in order to create a unique identity.

Domain: The domain is a short and premium “.com” one with a name which is easy to remember. This represent scalability opportunity in terms of branding.

Influencer & Partnerships: Many influencer and even media with a large amount of engaging audience can be contacted.

Selling Price: Due to time constrains, I have decided to sell the business below the market value when compared to other stores delivering the same kind of results.

How can the future owner improve the business?

by launching new products, increasing ad expenses and keeping track of result for proper optimization. I will also recommend continuing our current strategy which was working with FB to make video promotion as those has generated millions of views.

What work have you put into the store?

Initially, I have spent a lot of time in order to set up the brand they way I wanted. It was crucial for me to be sure that the store convert well as I did not want to start spending on advertising with a store that does not convert well. I have also spent a lot of time on finding the appropriate suppliers, apps, etc. Hopefully, the business has been profitable since launch the launch. Although, there was some better month than other, I did not have even one loosing month from the time that I have started advertising and the earnings had continuous growth.

How many hours does it take to run this business per week?

12 hours

$1,300 USD

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