- Avg. revenue /month$387
- Avg. sessions /month1,159
- Avg. profit /month$277
- Inventory value$19,500
Why this business was started
We started this business after helping a start up after being promised equity in that personalised jewellery business. We decided to start our own on the side whilst working on our 2 main businesses. There is a huge market for personalised jewellery, and it is only growing rapidly. The demographic is female aged 16-30, and there is a huge uptrend which is definitely reflected on social media. We love the idea of being able to air ship over product, especially during this time where sea shipping is expensive and unreliable. We also found that the product is relatively cheap to produce and purchase, to be sold for 8-10x + margins.
The reason of selling this business
We've just reached a significant milestone on one of our alternative businesses that we've been running for over 5 years now and it is requiring a lot of our attention. We've decided to sell 2 of our 3 e-commerce businesses to focus primarily on building a team for our main venture. We just don't have time to really focus on marketing, run ads and maintain.
What's involved in running this business
Sending orders to suppliers, maintaining social media and posting, coming up with marketing angles and creating content, ordering jewellery (if needed), and looking at new trends to implement into the business.
Traffic and Performance
- Avg. revenue /month$387Verified
- Avg. sessions /month1,159Verified
- Avg. profit /month$277
- Inventory value$19,500
- Profit Margin70%
- Avg. sales /month35
- Shopify plan
- Inventory warehouse
Logo and branding assetsAll assets will be transferred by we transfer. We have a ton of assets, shot video content for ads, loads of model shots, loads of influencer shots, brand guidelines, email assets, social media assets.
Personal support after saleWe can provide up to 4 weeks of support after the sale from all 3 of our directors. Stock can be shipped to the buyer, shipping fees should be relatively inexpensive as the stock is jewellery. Packaging (boxes and pouches) can also be shipped. We can ship all the jewellery to another UK address free of charge or worldwide at the buyers cost. We've spent over £24,000 on this business to date. Here is a breakdown of inventory spend: Jewellery Spend - £8200 Packaging Spend (Jewellery boxes and jewellery pouches) - £4450 Packing Mailer Boxes - £1470 Cards for boxes - £600 Here is a breakdown of some other costs we've spent: Shopify + Apps - £400 Facebook Ads - £650 Shipping stock to uk - £2000 Photographer + Model Fees - £3150 Other professinonal fees (e.g. copy writing + web dev) - £2000 Import Duty - £700 As we've only done around 150 orders to date - this hasn't made a dent in our inventory, so the buyer will have a minimum of $19,500 (£14,300) worth of inventory. We had to pay for import duty. Buying this business, you'll save a lot of money on elements we've paid for. The listing price is around 1/2 of what we've spent in total.
Product photosWe have had 3 professional photography shoots that cost us £1000 each that we can transfer all the assets over for.
SuppliersWe have 1 main supplier that we send personalised orders to, and 2 suppliers that we use for the standard jewellery collection.
How to grow this business
We would continue adding to our personalised jewellery collection as the availability is endless. If you see a design, our supplier can make it. If you can draw a design, our supplier can make it. We've recently been looking at other top sellers from competitors and have added these to our collection. Secondly, look at marketing and how to scale this side of the business.
Skills to have
Knowledge of marketing Knowledge of running a Shopify/online business
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.