All prices in USD
$23,000
  • Avg. revenue /month
    $135
  • Avg. sessions /month566
  • Avg. profit /month
    $100
  • Inventory value
    $10,000

Business Story

Why this business was started

We started this business to bring high quality CBD products to consumers. We're a team made up of acupuncturists who oftentimes prescribe CBD to our patients and/or have patients who take CBD. We prescribe CBD products at our clinic all the time and believe in the benefits of it. The only issue with CBD products is that there are many brands out there and a good number of them are not the highest quality. So we wanted to create a CBD brand that people can trust.

The reason of selling this business

We believe the success of this business depends on the time and energy that is put into it to market the products, drive traffic to the website, build brand recognition, etc. Unfortunately we are unable to put in the time and effort to really grow the business since my partner and I both already have business that we run full-time. We realize it would require our full-time focus and attention to this business in order for it to reach its fullest potential.

What's involved in running this business

This business can be run anywhere (in any state and even out of your house) which is a great thing. The business involves fulfilling orders, ordering from suppliers, running marketing campaigns, research on new products to potentially offer, running social media accounts, connecting with influencers and affiliate partners.

This business was founded: about 1 year ago
Time to run this business: approximately 10 hours per week

Traffic and Performance

  • Avg. revenue /month
    $135
    Verified
  • Avg. sessions /month566Verified
  • Avg. profit /month
    $100
  • Inventory value
    $10,000
  • Profit Margin70%
  • Avg. sales /month5
Other details about profit: We do have sales outside of Shopify that is not reflected in the store's performance.
Total revenue
  • $1,894
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 7,925Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $18
      /year
    • Shareasale
      $35
      /month
    • Snapchat
      $300
      /month
    • Merchant (Non-Shopify) Processing, Shipping, Transaction Fee (Shopify)s
      $200
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      We have the following (all can be transferred via zip file or dropbox): 1. 9 different versions of the logo in Jpeg and PNG files. 2. Product label designs (Jpeg and .ai file) for all 7 products and 3. Box/packaging designs for all 7 products. 4. Lifestyle photos (Approximately 60 professional photos taken with a male and female model. Product photos taken outdoors as well). These will be sent via Dropbox or login will be provided to access Dropbox account. 5. Social Media/Marketing ad designs - Various ads for social media (Snapchat, Facebook) as well as print and postcards. 6. Videos - 8 total testimonial videos created by Stunt actors (part of the Stunt Hustle Nation community of actors from Los Angeles, CA). Some of these videos have been posted on YouTube. 7. Product Rendering Photos - photos of the products used on the website. 1-2 photo renderings for each product.
    • Personal support after sale

      We will provide 1 month support which will include training on how to run the business (navigate or edit website, process fulfillment, shipping labels, ordering products and inventory, etc).
    • Domain

    • Product photos

      1. Lifestyle photos (Approximately 60 professional photos taken with a male and female model. Product photos taken outdoors as well). These will be sent via Dropbox or login will be provided to access Dropbox account. 2. Social Media/Marketing ad designs - Various ads for social media (Snapchat, Facebook) as well as print and postcards. 3. Videos - 8 total testimonial videos created by Stunt actors (part of the Stunt Hustle Nation community of actors from Los Angeles, CA). Some of these videos have been posted on YouTube. 4. Product Rendering Photos - photos of the products used on the website. 1-2 photo renderings for each product. 5. All photos currently on website. These can be transferred via dropbox or zip file.
    • Social media

      Total followers200subscribers
    • Suppliers

      We will provide a list of suppliers that we use to source our CBD products, shipping labels, packaging, and shipping supplies.
    • Mailing List

      30subscribers

    Seller‘s Advice

    How to grow this business

    There is a HUGE potential in the CBD industry at the moment. The industry is growing every year and is expected to be a multi-billion dollar industry upwards of $20+ billion in the next 5-10 years. In order to grow the store, marketing and sticking to the branding/target market of the store is extremely important. A lot of effort needs to be made to generate traffic to the store, grow a social media presence, grow an email list of subscribers, and build relationships with influencers and affiliate partners. There is so much potential to build a highly lucrative e-commerce business within the CBD space.

    Skills to have

    We've pretty much created a business is that already up and running so all you would have to do is take over and get going from day one. I would say the most valuable skill the new owner should have is passion for the business, the drive to make it succeed, and good marketing skills (or willingness to hire marketing help if needed).

    Share

    CL
    Caroline L.Current store owner
    We're a team made up of acupuncturists who started Longevity CBD to offer high quality Broad Spectrum CBD products. We prescribe CBD products at our clinic all the time and believe in the benefits of it. The only issue with CBD products is that there are many brands out there and a good number of them are not the highest quality.

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