All prices in USD
  • Avg. revenue /month
    $25,741
  • Avg. sessions /month63,366
  • Avg. profit /month
    $1,500
  • Inventory value
    $140,000

Business Story

Why this business was started

HighKey Technology Inc. was founded with the intentions of creating a large and influential brand. Our first product (Wireless Earbuds) found great success as we forecasted a large up and coming market.

Our business strategy focuses on white labelling tested products that our target niche will love. In order to outsell competitors we only work with verified manufactures overseas that can customize our products with OEM and ODM design.

Over the past 3 years we have released 3 models of Wireless Earbuds, a portable speaker, a charging backpack and some other merchandise which has contributed to over 1 million in total revenue.

Our marketing strategy focused on creating content and growing a large social media following. With our highly engaged audience we have organically reached millions of views with our videos. We have generated over 200 000 followers on our Instagram and 50 000 on our Snapchat account.

HighKey Technology Inc. is a corporation in Canada and has trademarks in process for Canada and the US.

The reason of selling this business

We started a social media agency that needs our direct attention to grow! In doing this we don't have as much sweat equity to put into HighKey Technology Inc.

We however do have time to continue to manage and grow HighKey as well where we would consider a cash investment instead of selling. We are eager to grow this company to $10M+ in revenue! We just need the right amount of money infused.

Open to offers.

What's involved in running this business

Fulfillment/customer support

Content creation/marketing

E-commerce store development

international communications

This business was founded: almost 3 years ago
Time to run this business: approximately 135 hours per week

Traffic and Performance

  • Avg. revenue /month
    $25,741
    Verified
  • Avg. sessions /month63,366Verified
  • Avg. profit /month
    $1,500
  • Inventory value
    $140,000
  • Profit Margin3%
  • Avg. sales /month300

Other details about profit: Our total sales for 2018 was $605 000 USD. Our gross profit from this was $353 000 USD.

Total revenue
  • $849,462
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 2,091,092Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $80
      /month
    • Inventory warehouse
      $250
      /month
    • Employees
      $1,000
      /month
    • Domain
      $10
      /year
    • Dues and Subscriptions
      $300
      /month
    • Facebook advertising + Instagram Influencers
      $8,000
      /month
    • Bank Charges, legal fees, Shipping
      $10,000
      /month

    Sale Includes

    • Physical inventory
    • Logo and branding assetsWe will set it up through google drive and on a downloadable hard drive.
    • Personal support after saleWe will do training sessions until everything is transferred over smoothly and the new owner completely understands the company. We will continue to make 3-4 videos a week for the next year to sustain current brand image for an additional $75 000 payment.
    • Domain
    • Product photosWe will set it up through google drive and on a downloadable hard drive. We have spent over $3000 on product photography.
    • Social media
      Total followers250,000subscribers
    • Suppliers
    • Mailing list
      20,000subscribers

    Seller‘s Advice

    How to grow this business

    Intelligently investing in influencer marketing and receiving curated content to push branding.

    We will also continue internal content creation as well.

    Stellar customer service. Replying to all customer emails within 24 hours with a “customer is always right” attitude.

    Holding monthly product giveaways (sponsored by influencers) that will push our reach tremendously.

    Updating the HighKey Wireless Earbuds yearly!! Innovating with consumer technology and the wireless, AR future.

    Creating the best content for social media.

    Skills to have

    You will be given an outline on how to run the company just as we have!

    Share

    JL
    Jordan L.Current store owner
    I started this company almost 3 years ago with my 2 business partners (Aaron Badescu & Luke Lintz). We have grown the social following and revenue from 0 with our knowledge of fulfillment and influencer marketing. I specialize in marketing and outreach. Building a large network is my goal and growing HighKey has been a big part of achieving my longterm goals. Contact for additional information: [REDACTED] 204-891-4784

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