- Avg. revenue /month$30,904
- Avg. sessions /month4,503
- Avg. profit /month$2,500
- Inventory value$15,000
Why this business was started
I wanted to establish a retail business, leveraging my technology and marketing expertise. As i had a passion for property development and interiors, lighting seemed to be an obvious choice. With a price point range of 100 to 1000 GBP per unit, a reasonable range of product could be achieved with limited capital and margin per sale of around 25% meant that each sale would provide a satisfactory return.
The reason of selling this business
There has been a change given that one of our key suppliers has decided to focus on direct to consumer sales and sales via retailers with physical premises. The loss of this supplier leaves a gap in range which needs to be filled. We have ideas for partially filling this gap but feel that an owner with a physical premises might be able to realise more value from this business. An existing retailer with a range of products being sold on physical premises with limited current online presence would be able to rapidly market an existing range online using [REDACTED] The purchaser may also be able to make use of the other supplier relationships to populate both the website and the physical store. There is a possibility of resurrecting the Original BTC supplier relationship by a potential buyer if the buyer has retail premises in a location they are looking to cover.
What's involved in running this business
There are 3 types of supplier as follows:
Dropship - whereby the supplier directly fulfils the orders. This is our preferred model. It means we don't have to stock or ship the order, Its just a case of ordering from the supplier and settling the invoice.
Stocked - we buy a limited amount of stock and store it in rented space. We ship the orders.
Order on demand. Some items are not stocked but ordered from suppliers when we receive an order. We then receive the item and reship it to the customer.
Returns may occur for any of the above and these go into the stock inventory.
Other activity includes, sourcing new product and onboarding new products to the website plus the usual book keeping, vat returns and other company admin.
Traffic and Performance
- Avg. revenue /month$30,904Verified
- Avg. sessions /month4,503Verified
- Avg. profit /month$2,500
- Inventory value$15,000
- Profit Margin8%
- Avg. sales /month200
- Shopify plan
- Inventory warehouse
- Google shopping and adwords
- Marketing Management
Logo and branding assetsFiles will be passed on.
Personal support after salewe would propose 5-10 days of support from Steven Frowen with option to purchase further support if required.
Product photosFiles will be passed on
Suppliersall suppliers visible on the website. Original BTC and Davey Lighting are one company and this relationship only has the possibility of retention if the buyer has a UK based physical premises
How to grow this business
Fundamental to growth of this business is the addition of more ranges. This is especially important and one supplier has recently withdrawn from the pure ecommerce retailer market leaving a gap in range.
Skills to have
It would be useful if the new owner had some experience in Lighting retail and was reasonably tech savvy. A passion for customer service would also help.
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.