- Avg. revenue /month$2,713
- Avg. sessions /month2,351
- Avg. profit /month$500
- Inventory value$1,000
Why this business was started
I started as a hobby and it grew to be a full-time business for a few years. It a great combination of my skill set - design and marketing.
The reason of selling this business
I am looking for an investment partner and I am only looking to sell a portion of the business.
What's involved in running this business
Right now the larges obstacle is sourcing and manufacturing. Marketing efforts are the fun part! There is no marketing at the moment.
Accessory Brand for Women & Men made in Los Angeles, CA with Wholesale Accounts with Urban Outfitters, ASOS, NastyGal, and More. Fashion Harnesses, Suspenders, Garters, Belts, Jewelry. Yearly sales are $150-$280K yearly. I had to pause all wholesale relationships early 2017 because our biggest issues was manufacturing - I didn't have contacts to outsource to keep costs low and labor was too expensive.
If you can assist with manufacturing, this business can scale quickly. In our best years it was making $280K in gross sales.
The E-Commerce side was originally a supplement to wholesale relationships, however over the past two years I've tried to grow it more. The dip in traffic you see is when wholesale was paused which allowed for the brand name to be searched more, and more direct e-comm sales. It would be great to find an investor/partner to assist to be able to lower product costs and have more inventory on hand.
You will get the business as a whole - all sales contacts, social media following, influencer list, e-mail list - everything you need to grow this business further. I am happy to assist in the process.
Please view screenshots attached of total sales for the brand since 2014 (data for 2017 & 2018 does not include Shopify Sales), Etsy total sales (You get the Etsy shop too!). Access to Quickbooks - everything you could want.
Why should someone buy this store?
It's a niche market which is great for Google ads, with lots of repeat and loyal customers. I also have wholesale relationships with big name brands - Urban Outfitters, Asos, Free People, etc.
How can the future owner improve the business?
Our biggest issue is cost of manufacturing goods since it's all done by hand right now in our LA studio which is way too expensive! It needs to be manufactured whether in the US or overseas so that product price can drop and the demand for product can be met quickly.
What work have you put into the store?
Design, Social Following of 12.4K, Wholesale Relationships, Loyal Customer Base, 3K E-Mail List and Growing.
Traffic and Performance
- Avg. revenue /month$2,713Verified
- Avg. sessions /month2,351Verified
- Avg. profit /month$500
- Inventory value$1,000
- Profit Margin70%
- Avg. sales /month50
- Shopify plan
- Inventory warehouse
Logo and branding assetsLogo files and all .PSD templates for banners will be to the new owner via Dropbox, Google Drive, or a mailed hard drive.
Personal support after saleI can provide all support including generating a full wholesale buyer list with huge retail contacts an can also assist with graphics and marketing. I am selling because I need help with manufacturing the product, and am looking for a buyer with this experience so it can grow fast.
Product photosAll images of product since 2014 will be transfered to the new owner via Dropbox, Google Drive, or a mailed hard drive.
How to grow this business
I would take my designs and look for manufacturers overseas and use other materials as well as leather. I am an excellent art director, designer, and marketer - but need assistance in this arena. Having stock on hand and being able to lower the price point on top-selling items would grow this business exponentially.
Skills to have
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.