$500USD
  • Avg. Revenue /month
    $17USD
  • Avg. Sessions /month262
  • Avg. Profit /month
    $100USD

Business Story

Why this business was started

Few months ago I was looking for a product which are not so competitive, that's why I decided to create a shop about socks. Everyone is wearing socks, from little to small. So I did it I build my little shop for cool socks. I really put a lot of effort into this shop amending the theme, adding features not include in the theme, selecting the socks, uploading it, writing descriptions, blogs and etc... I have dedicate my passion to have a store about super cool products which people respond well to them. The best thing of this is I have found really good supplier with many positive stars. Every order they ship within 1 day. Perfect for start up business with unique products.

The reason of selling this business

Only one month after I build the shop I was promoted from 5 to 9 job and now everything changed. I don't have the time working on my little shop and building a brand. Really need so pass this shop to a person with passion whom wants to work hard and achieve great results. According the research I have done, people are buying socks for present or for personal use. Most of sales are generated during Christmas, so now is the right moment to buy this shop and prepared it for season rush. If I have time for sure I will continue working on this shop, however at the moment I really don't have much. I will support the new owner with tips how to run the business successfully.

What's involved in running this business

Once the orders start coming the work is as usual, collecting money, buy the product on the behalf of the client, the supplier will prepare and ship the package, you collect the profit from the sale. Everything is automatically, so everyone can do it. The special moment is adverting the products, Facebook and Google is the right channels, just need to find the right audiences.

Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. Revenue /month
    $17USD
    Verified
  • Avg. Sessions /month262Verified
  • Avg. Profit /month
    $100USD
  • Profit Margin70%
  • Avg. Sales /month50

Other details about profit:I have not run much the shop so all numbers are estimated. For sure the new owner can generate more sales with better profits.

Total revenue
$102USD
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
1,575Sessions
Traffic data comes directly from Shopify and cannot be edited by the seller

Expenses

  • Shopify plan
    $29USD
    /month
  • Domain
    $0.75USD
    /month
  • Oberlo
    $2USD
    /month
  • Facebook, Google
    $20USD
    /month

Sale Includes

  • Physical inventory

    Not Included

  • Logo and branding assets

    Everything will be passed to the new owner.

  • Personal support after sale

  • Domain

  • Product photos

  • Suppliers

    Not Included

  • Mailing list
  • Social Media
    Total followers200subscribers

Seller‘s Advice

How to grow this business

For sure there is a room for improvement, need to build trust with customers, need to promote cool socks and if possible to find people to represent the brand. Quality of the socks is perfect so no need much effort people to start talking about.

Skills to have

Need to know how adverting work, not everything is Facebook and Google, groups are also good channel for advertising.

Why buy a business on Exchange

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.