- Avg. revenue /month$13,190
- Avg. sessions /month17,543
- Avg. profit /month$2,950
- Inventory value$13,500
Why this business was started
Started this business as a part-time project to practice entrepreneurship and introduce high quality, affordable and meaningful men's bracelets to the market.
The reason of selling this business
I have recently graduated with a degree in computer science and I am looking for a more technical challenge to devote my time to. The challenges that remain are product design and marketing, which I am no longer passionate about. Due to this lack of motivation, I haven't been able to spend enough time on this business. Its potential would be better off with a new owner.
What's involved in running this business
Since the beginning, the focus has been to automate the day to day tasks, such that time can be spent on impactful activities. Our fulfilment warehouse automatically ships Shopify orders to customers. Customer service and order fulfilling (just takes one click after a manual check) is outsourced. We have an experienced accountant who handles the yearly accounts + VAT returns (everything is synced from Shopify automatically). Only activities left are: designing new products, communication with manufacturers, posting on social media and managing advertisement campaigns.
Traffic and Performance
- Avg. revenue /month$13,190Verified
- Avg. sessions /month17,543Verified
- Avg. profit /month$2,950
- Inventory value$13,500
- Profit Margin20%
- Avg. sales /month300
- Shopify plan
- Inventory warehouse
- Email marketing software, paid apps for customer service and store functionality
- Facebook, Instagram, Google advertising
- Accounting software with accountant
- Outsourced customer service
Logo and branding assetsVector logo files and banners used on homepage. Full rights to every single creative asset that we have.
Personal support after saleExplaining and giving advice on the day to day business operations for 3 months: existing ad accounts and campaigns, Instagram advertising, connecting with our manufacturers for new designs and restocks, fulfilment warehouse
Product photosAccess to 300+ product photos (white background, natural backgrounds and wristshots) via Google Drive. Full rights to every single photo that we have.
SuppliersIntroduction and handover to manufacturers that have 3+ years experience producing our: leather pouches, certification cards, cardboard boxes, bracelets
How to grow this business
Introduce a steady flow of new design releases (e.g every few months). Constantly iterate on customer feedback to further refine every single product.
Start creating more video content for posts and advertising on social media. Collaborate with influencers to create a global presence.
Increase branding by focusing on donating part of profits to non-profits such as the Mars society.
With enough scale, have fulfilment centers in many different parts of the world, for lower shipping costs and faster deliveries.
Skills to have
The new owner must be be passionate about designing jewelry and social media marketing (Facebook advertising, shoutouts on Instagram pages, influencer marketing etc.). The drive to create the best possible products and customer experience is very important.
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.