• Avg. Revenue /month
    $3,093USD
  • Avg. Sessions /month1,912
  • Avg. Profit /month
    $8,500USD
  • Inventory value
    $48,000USD

Description

General description

July Nine is an on-trend bag brand with a unique roll up design. July Nine was founded six years ago in Bend, Oregon. Since that time it has evolved from a DTC focused strategy to a profitable wholesale business with captive accounts in the US and Asia. July Nine has an active wholesale business in high growth Asian markets including Japan, South Korea, Hong Kong, and Taiwan. Within the US, a new owner has an opportunity to further expand in domestic markets through a retail, wholesale and e-commerce channel strategy. Opportunity exists to effectively market July Nine products using Facebook/Instagram advertising, Amazon Marketplace and Google Ad Words.

All products are designed and owned by July Nine and are truly unique to our brand.

In the last six years, July Nine has had a Compound Annual Growth Rate of 84.06%. In the last two years, revenue was $700K.

Utilizing an efficient distribution and 3PL strategy, July Nine products are manufactured in Los Angeles and arrive at our facility ready to ship. Our distributors are responsible for the sales, PR and local shipping. We monitor inventory levels, broker the sales and bulk ship the bags to the buyer's warehouse.

Why should someone buy this store?

-Our "Sushi Sack" bag design is truly unique, and has created a strong customer base over the last 6 years in business.

-International distribution network

-Captive Asian markets with higher profit margins due to higher retail/wholesale pricing

-Strong established branding

-Broad growth opportunities in the USA and online

-Access to domestic suppliers and manufacturers

-Investment made in custom tooling for low cost manufacturing

-Additional product ideas for future sales seasons

-Inside market knowledge for successful business practices

How can the future owner improve the business?

-Increase our web sales- massive opportunity for someone who has strength in online sales and marketing

-Marketing push- create a more consistent plan

-Untapped US market

-We primarily focused on wholesale leaving retail open for growth potential

-Continue to expand our product line with innovative product ideas

What work have you put into the store?

From the original idea launched on Kickstarter in 2012 until now, we have done it all from the ground up with no outside financing or equity.

In the early years, we operated an in-house sewing team but moved the manufacturing to California in 2016 to keep up with demand and lower our expenses. R&D has created the most efficient use of materials and USA manufacturing process. There is very little waste and every production second is accounted for. Sourcing has taken years to vet and refine. We are confident we work with the best in the industry. We have tailored July Nine's look and feel to feature light, bright and modern branding that reflect the usability and status of carrying a July Nine bag.
Through trial and error we have developed an in-depth knowledge of our brand and customer ensuring that all products continue to be top sellers year after year. We will pass our brand knowledge and strategy to the new owner. It is important to us that the July Nine brand continues to thrive under new ownership. .

Traffic and Performance

  • Avg. Revenue /month
    $3,093USD
    Verified
  • Avg. Sessions /month1,912Verified
  • Avg. Profit /month
    $8,500USD
  • Inventory value
    $48,000USD
  • Profit Margin33%
  • Avg. Sales /month25

Other details about profit:The Asian market has been highly profitable for July Nine and represents 85% of our business. In Japan, July Nine products have an attractive profit margin as the retail price for our bags in Japan is 2x our USA price ($40.26 Japan retail compared to $19.00 JN online price). More B2C sales in this market would increase market share and profitability.

Last 3 years revenue
$142,258USD
Revenue data comes directly from Shopify and cannot be edited by the seller
Last 3 years traffic
87,979Sessions
Traffic data comes directly from Shopify and cannot be edited by the seller

Expenses

  • Shopify plan
    $29USD
    /month
  • Domain
    $7.92USD
    /month

Sale Includes

  • Physical inventory

  • Logo and branding assets

  • Personal support after sale

  • Domain

  • Product photos

  • Suppliers

  • Mailing list
  • Social Media
    Total followers7,217subscribers

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.

GL
Garrett L.Running this business for almost 5 years
Studied industrial engineering and minored in business at Oregon State. I soon discovered that my skills were better suited for entrepreneurship, so after college I started July Nine. Married for 3 years, an avid snowboarder and looking forward to starting more brands.

Tags

Similar Businesses

Sold businesses

Our features for a secure experience

Exchange Trust

  • Verified revenue and traffic
  • Secure messaging platform
  • Escrow payment system
  • Dedicated migration team