$5,000USD
  • Avg. Revenue /month
    $405USD
  • Avg. Sessions /month867
  • Avg. Profit /month
    $2,500USD
  • Inventory value
    $2,000USD

Description

General description

LITKIT is a subscription box service designed for lit nerds, writers, and book lovers of all kinds. Each month, we design and deliver a surprise box of experimental or independently published literature, alongside interesting writing prompts and devices. Each box is carefully curated to spark creativity, with included items selected to represent a unique theme or concept.

Why should someone buy this store?

We originally launched on Kickstarter, with approximately $25,000 in orders not reflected here. The project was then suspended while we went through a transition in ownership, and left dormant for more than a year, while collecting data. In that time, we received more than $28,000 in preorder commitments with absolutely zero advertising or social media interaction. For the last 8 months, we've been honing our offerings by experimenting with a small but loyal focus group. Interest is solely generated through unsolicited reviews and word of mouth - so with the current set-up, demographic knowledge, and expressed interest, this business will be immediately profitable upon launch, with very little advertising, effort, or budget invested.

How can the future owner improve the business?

Just advertise, and maintain even a small social media presence. Our followers are interested in literary endeavors and writing prompts, and will be incredibly active and engaged with very minimal effort.

The business was also designed to scale, and a new owner could easily enlist with a fulfillment company once they reach the level of 500 subscribers (which is incredibly reasonable).

Our future plans also included a 1-to-1 model, in which subscribers would sponsor a charitable donation with each 12-month subscription (for instance, one box of school supplies donated per 12-month order). Our research implies that our demographic would respond positively to this kind of arrangement.

What work have you put into the store?

Concept, development, and branding were all backed by extensive research and have been refined post-launch to meet the needs and interests of our demographic. The stage is set for someone who would love to run it full-time. This was a fun project for me, but I travel too much to really do it justice.

Time to run this business: approximately 4 hours per week

Traffic and Performance

  • Avg. Revenue /month
    $405USD
    Verified
  • Avg. Sessions /month867Verified
  • Avg. Profit /month
    $2,500USD
  • Inventory value
    $2,000USD
  • Profit Margin50%
  • Avg. Sales /month25

Other details about profit:The above profit is a our current income (from focus group), which is reflected in Shopify's numbers. Actual net for a year of operation was $40k - which was in line with preorder commitments (received while the site was live, but ordering disabled). This was achieved with zero advertising, marketing, or social media activity. Our profit margin has been 50% on delivered orders - which included inventory purchased in small batches at wholesale prices (in most cases, without a bulk order discount). As bulk purchasing power rises, profit margins on this business will only increase (as shipping/delivery costs and inventory costs have plenty of room for reduction).

Total revenue
$14,589USD
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
31,213Sessions
Traffic data comes directly from Shopify and cannot be edited by the seller

Expenses

  • Shopify plan
    $39USD
    /month
  • Inventory warehouse
    $100USD
    /month
  • Domain
    $8.33USD
    /month

Sale Includes

  • Physical inventory

    Not Included

  • Logo and branding assets

  • Personal support after sale

    Not Included

  • Domain

  • Product photos

  • Suppliers

  • Mailing list
  • Social Media
    Total followers550subscribers

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.