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$2,000 USD

Mastering the Lock

masteringthelock.com

Appears in Sports and recreation , Australia, Queensland, Established stores, Medium Business, Business and Franchises under $5,000, Inventory

General description

Lock Pick Niche Website
How much would you pay for your own established and profitable online shop?
[REDACTED] is a underperforming online store which I launched about 1 year ago. I started this online store in March 2017 and after running few ads campaign the store picked up and sales started coming in.

The shop was designed to be an easy to manage online store and it is powered by Shopify. I only get to spend about 5 to 20 hours in a month in managing the store which basically involves checking orders are fulfilled, checking the product inventory level and restocking them. The products are stocked in a warehouse in Chicago, USA.

I have tried dropshipping model straight from the manufacturers in China to the buyers but found postage was very slow.

If you are looking for an online business which has the supply chain set up but needs some marketing flare then this is the right site for you.

Key Benefits of Owning This Store
• Well Proven and growing niche.
• A ready to go store, start earning immediately after purchases.
• A Uniquely branded store with viral potentials.

What is included in the sale?
• Website Domain: [REDACTED]
• Shopify Store with Apps and Integrations
• Branding, Logo
• Email account - [REDACTED]
• Facebook account
• Instagram account
• Twitter account
• Pinterest account
• Email List of 800+ subscribers
• Fulfillment Center in Chicago
• Stock in the US
• Contacts with Chinese Suppliers
• Contact to Blog writer
• Contact to Copy writer
• Bosnian Bill Review of Product Video
• Ebook: short published on site
• Ebook: Long unpublished
• Photos and videos of products

What is required to keep the business operational?
• Replenishment of stock
• Advertisement
• Maintain website, fulfill orders and check products inventory level

Why are you selling the business?
• I plan on starting a new business which requires my time and capital.

How does the business generate revenue?
• Sales from the store

Are there any expenses for the business? If so, what are they?
• Shopify account fees
• Shopify integration with Apps fees
• Fulfillment costs to ship products worldwide

What are the marketing techniques used for this business?
• Review Video Bosnianbill youtube
• Facebook ads
• Instagram account
• Basic google ads

Financials and traffic

I have sold out of the main product and have not purchased a resupply.

Average profit/month

$150 USD

Average overall profit margin

20%

Average number of sales/month

5

Value of inventory

$300 USD

Lifetime revenue

$22,411.00 USD

Lifetime traffic

29,258 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Expense item

Cost

Shopify plan

$45.00/month

Inventory warehouse

$50.00/month

Domain

$1.00/month

Inventory

Minimal stock available in Chicago warehouse

Located in Chicago

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

masteringthelock

Instagram

mastering_the_lock

Pinterest

MasteringtheLoc

Twitter

M_T_Lock

Mailing list

878 subscribers

Social media followers

200 people

Q & A

Why should someone buy this store?

Interested in the niche of lockpicking
Automated supply chain with very little maintenance
Able to add value though advertising and marketing

How can the future owner improve the business?

Marketing and advertising, by using facebook or instagram

What work have you put into the store?

How many hours does it take to run this business per week?

5 hours

$2,000 USD

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Store images

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