Branded Store (Store+Stock of 800 paid products+Exclusive supplier+Fb Pixel)gimmestone.com
- Avg. revenue /month$11,643
- Avg. sessions /month16,752
- Avg. profit /month$11,701
- Inventory value$30,000
Why this business was started
I produced that product for myself and I fell in love with it. All our friends were asking about these Stone Covers and my friends and I decided to try to sell it, and BANG! First tests gave us good results, we get firsts sales after spending $20 on Facebook ads... And one more thing, which I loved: first comment on Facebook ads was from Mike, he wrote: "WHY????" I answered him: "Hello, how can we help you?" And Mike asked us "Why it is so f*cking Awesome?" - That was the thing which gave us additional power to start selling these products!
The reason of selling this business
I have a new business since Spring 2019, it generates more profit for me, I can explain it in a Skype call.
What's involved in running this business
1) Managing production and managers (pay for their work, help with non-standard questions). 2) Running ads (we have lots of working ads, we will tell you everything what works well). 3) Research new online channels: etsy, amazon...
This business is two years old and is a well-known brand amongst stone accessories lovers (Interested buyers may confirm this by googling the brand). We are #1 in google search by our key words. Revenues are generated organically (15%) and with paid ads (Facebook and Instagram). The store is receiving average 10 orders per day, average order is $76. All products have private label packaging. As well as single unit sales, the store regularly supplies 4 wholesale customers who order in bulk (Contact details for the wholesale customers will be forwarded to the new owner).
Highlights This opportunity presents the new owner flexibility with regard to active or passive management. The new owner could easily take on all tasks with little prior experience or expertise, (which currently do not exceed 10-15 hours per week), or delegate the responsibilities to trusted contractors of their choosing. This business presents a great acquisition opportunity for an individual or business looking to break into or expand their presence within the high-product niche with an established brand and proven business model.
The business is fully automated with a fulfillment center, that manages the stock, processes and fulfills orders. Orders are processed on the same day they are placed to ensure the timely delivery of all orders (Worldwide orders are usually received by customers in 6-14 calendar days). All products are handmade in our manufactory, it usually contains 800-1000 units stock.
NOTE: Product's cost $7 to produce and $6 for worldwide shipping. Products are sold for $64.90 ($59.9 price + $5 shipping & handling) - A Profit Margin of 855%
The current marketing initiative also consists of shout outs/promotion from top Instagram influencers and reviews from top bloggers who have MacBook. Due to their lover of the products, the influencers and bloggers promote the brand for free. Gimmestone simply sends samples of the product to the influencers to review and promote on their pages/blogs. In addition to the above, the seller has put together a mailing list that has proven to be a great marketing strategy and that mailing strategy generated about $10k.
The dip in sales on summer was due to low inventory and focusing on other ecom business. But the sales have since picked back up and the store's performance has normalized, and the store is projected to generate over $30,000 in sales each month. Finally, Gimmestone is already prepared the marketing and ad campaigns for the future periods and the current projection is that the sales will exceed the sales from last year.
Why should someone buy this store?
Business Model. You are here to find something, that will have potential. And something, which you don't have to invest too much. Everything works perfect, without your attention! But if you want, everything can been done in several minutes/hours!
How can the future owner improve the business?
- To do more ads
- To work with more influencers
- To add other stone accessories
- To add other colours for repeating customers
- Lots of ways, which we haven't done. As for me, i need to move to another country for work of my dream, which can bring me more money.
What work have you put into the store?
Everything is working well, our cost per production is super cheap. And as for shipping - it takes us $5 to ship worldwide (8-12 days to get to every country)
Traffic and Performance
- Avg. revenue /month$11,643Verified
- Avg. sessions /month16,752Verified
- Avg. profit /month$11,701
- Inventory value$30,000
- Profit Margin40%
- Avg. sales /month300
- Shopify plan
- Inventory warehouse
Logo and branding assetsWe have 8 gigabytes of content, we could share it with dropbox. All of our content - is ours, we paid for all our photosets, video shooting.
Personal support after sale3 months with Fb ads support. 3 Months with current production / supplier / orders / business 3 Months with all details, all 24 / 7 for 3 months help!
Product photos8 gigabytes of professional photo and video content
How to grow this business
- More ads tests
- To work with partners offline
- add additional sales channels
Skills to have
We will give 3 months support, we will share all our content, we will share all our knowledge about ads and marketing.
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.