MANGO RABBIT *50% lower than VALUATION*shopmangorabbit.com
- Avg. revenue /month$2,666
- Avg. sessions /month13,029
- Avg. profit /month$1,090
- Inventory value$2,500
Why this business was started
In 2015, we got tired of seeing our Instagram fans buy low quality fashion, so we decided to better. We do this by inspecting the clothes ourselves. Then we lovely package the clothes and make sure every customer is happy. Our public face and reputation was behind the brand. That's how we get loyal customers that stick around.
The reason of selling this business
We want to open up a new brand based on Canadian Manufacturing. This brand is all about Fast Fashion and no longer aligns perfectly with our moral compass.
However, we do want this brand kept alive and in good hands.
What's involved in running this business
- Slowly build a catalogue of styles by sampling clothes from USA wholesalers in LA
- Market them in a grassroots and frugal manner (free influencers)
- Consider saving money by doing shipping yourself
- Do NOT get trapped by "business guru advice" or hyped up tech, this is still a bootstrap business until you get to 1 order per 100 views
Selling store for the COST OF THE INVENTORY. Get this before black friday and simply make the money back!
Now you can get instant access 46,000 IG followers, 5000+ emails of previous orders, segemented audience lists, 4-5 star reviews and a custom designed theme. And most importantly, a trusted brand that gets residual traffic! Wow I'm having second thoughts on selling this!
The shop is ALREADY integrated with a cheap 3PL warehouse in Michigan so you can start stocking SKU's right away. It's completely scalable.
Marketing: we have years of branding as the store founder has 500k/25k on IG and YT. There are video reviews of the brand.
Challenges: rebranding is tough, you will have to keep nurturing the demographic and bring in a wide selection. Then slowly grow based on that collection. Keep costs low and you will succeed 100%.
You'd also get access to OUR contacts in the Chinese wholesale and shipping community.
What to know what this business is capable of? We have had over 4000+ orders. $54,000 and $35,000 in sales revenue for 2016-17. For 2018, we've STOPPED all ads and importing, and still sold $7.6k in 5 months. We literally took a 5 month vacation but they still want to buy stuff!! Talk about passive income!
For 2019, we've done a lot of experiments with business students, warehouses, software, etc. You can take all those lessons learned with you as I provide support.
Oh, btw, I'm not going away after I sell! I WANT YOU TO SUCCEED. This brand has a special connection to us and we're happy to provide additional free value.
PS. Please, NO lowballers, KEEP IT IN the Shopify EXCHANGE marketplace. No side deals. No drop-shipping experts. No inexperienced "theory crafters". If you are a straight shooter and make the transaction fast and easy, I will put extra post-transaction support work for you.
Why should someone buy this store?
Because it just takes some work and you'd have a mega scalable business. Piggy back on our 4 years of hard work!
How can the future owner improve the business?
Start importing new arrivals and stock them for free at your home. Marketing them by sending to the free influencers WE already experimented with. You MAIN ADVANTAGE over us is that you are based in the USA where shipping is fast and cheap. Us Canadians cannot compete with you on shipping. Focus on getting conversion rate to 1% (it's currently at 0.5%) and keep customer retention high.
What work have you put into the store?
Too much! Lots of 5* reviews, massive fan base, importing expertise, shipping tips and tricks!
Traffic and Performance
- Avg. revenue /month$2,666Verified
- Avg. sessions /month13,029Verified
- Avg. profit /month$1,090
- Inventory value$2,500
- Profit Margin40%
- Avg. sales /month10
- Shopify plan
- Inventory warehouse
- Google Business Email
Logo and branding assetsThe BUNNY LOGO is NOT included in the brand.
Personal support after saleYou will need guidance to build a well trusted business. Trust in fashion is very hard to come by. If you started a brand new store, you will need influencers with a huge following. This store was started this way as well. I will guide you and provide everything I know. Exact terms: phone support up to 2hrs / week for 2 months. 5hrs in the first week.
How to grow this business
- Focus within the shop's current demographics (ie. vintage sweaters, vsco vibes, skirts, crop tops)
- Do not buy into hyped up tech, just focus on build a catalogue of 50 evergreen styles first
- Scaling does not equal profits! Profits have to come first, then you scale those profits
- Focus on customer retention; not "sell and get out!"
- Just carry cute stuff; you have to have the "eye" for it
- Be based in USA, it will help you tremendously
Skills to have
- Experience in Female Fashion trends
- Social Media
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.