All prices in USD
  • Avg. revenue /month
    $11,057
  • Avg. sessions /month13,253
  • Avg. profit /month
    $2,300
  • Inventory value
    $20,000

Business Story

Why this business was started

We saw a opportunity in the category of fashion accessories, and we decided to start designing and producing our own products. Immediatly after launching our first product, we saw a very positive feedback and we just kept developing and shaping the brand into what is today

The reason of selling this business

It is now more than 4 years since we started and we would like to start something diferent.

What's involved in running this business

  • Product design and sourcing (for new products)
  • Online shop and social media management
  • Content creation
  • Fullfillment and returns and stock management
  • Customer support
  • Administration / Accounting
This business was founded: over 5 years ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $11,057
    Verified
  • Avg. sessions /month13,253Verified
  • Avg. profit /month
    $2,300
  • Inventory value
    $20,000
  • Profit Margin20%
  • Avg. sales /month1,500
Other details about profit: We also manage other channels (3rd party like amazon, B2B etc) The overall revenue is much bigger than our online shop alone and our overall monthly profit is arrount 10.000USD after taxes
Total revenue
  • $751,854
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 901,224Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $0
      /month
    • Retail space rental
      $2,500
      /month
    • Employees
      $10,000
      /month
    • Domain
      $30
      /year
    • Shopify apps
      $86
      /month
    • Facebook / Instagram / Google
      $3,000
      /month
    • Adobe, fullfillment software, slack,
      $100
      /month
    • Accounting and administration, internet, electricity
      $1,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Brand registered in EUIPO will be transfered with all its rights.
    • Personal support after sale

      1-3 months It can be discussed and agreed on depending on the new owners experience. Anyways will be including: - Introductory phase: getting to know the team structure and proccesses, suppliers, sytems and software used and existing contracts review (in person) - Secondary phase: both parties will be co-working on all areas from product design to after sales support and identifying potential challenges before taking over. All potential issues will be listed and sorted out by solving any problem that might impede a smooth take over (e-mail, online meetings) - Final phase: Take over execution by the buyer. The seller will still be available attending regular meetings schedule beforehand for a specific period of time supporting the buyer in any remaining questions or issues (e-mail, online meetings)
    • Domain

    • Product photos

      Dropbox or google drive access
    • Social media

      Total followers13,000subscribers
    • Suppliers

    • Mailing List

      25,000subscribers

    Seller‘s Advice

    How to grow this business

    • 1 New collection per year
    • 1 New product range per year
    • Activate more B2B clients / distributors

    Skills to have

    Preferably is someone who has already experience managing a brand and in the e-commerce space. That means qualities such us: - Sourcing and purchase management in order to make sure you have enough stock (stock management) - Fullfillment management, sorting products and shipping orders efficiently with the help of software and hardware. - Online store management (shopify), sorting out the products on the website and making sure that clients find what they look for, creating new products, making offers etc - Marketing knowledge - creation of content (photo, video) and putting out the content through social media or other channels. Also, coordinating the advertising campaings or other influencer marketing actions with a social media agency - Customer experience, customer support and good communication skills - Basic administrative knowledge

    Share

    IC
    Inti C.Current store owner
    KNOK makes modern, everyday, quality accessories. We believe quality design should be available to everyone, so we set about creating a brand to make it happen. Founded in Berlin, KNOK began as the in-house label of KNOK STORE, a concept store and creative space that brought Korean brands and designers to the European market. Combining design and function, our accessories are inspired by modern city life, but are at home in every setting. KNOK Modern, everyday, quality accessories.

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