- Avg. revenue /month$20,491
- Avg. sessions /month12,720
- Avg. profit /month$3,000
- Inventory value$190,000
Why this business was started
A passion for the Australian fashion industry - some of the most talented creatives in the world in my opinion. And a chance to reach tens of thousands of women every day and support them through everyday life. It also provides a great lifestyle change where you can make $75-150k per annum as a salaried employee for roughly 20 hours per week. If you invested 40 hours per week you should see exponential growth over the next 2-5 years. Invitations to fashion week and private industry events also don't hurt!
The reason of selling this business
I have another business and between the two it's too much work. I have been working 60-90 hour weeks for 5 years. It's time for a break. This business should be a great little 20-40 hour a week job for someone depending on how much effort you want to put in (effort = reward) but 20-40 hours on top of my other business is too much for me and it's time to take life a little easier. I've built an amazing business! I've achieved what I wanted to do. Now it's time to handover the reigns and let someone else enjoy it.
What's involved in running this business
Ordering stock, adding it to the website, marketing it and selling it to the customers, packing and posting, minimal follow up care with customers (online shoppers are very self-sufficient).
Traffic and Performance
- Avg. revenue /month$20,491Verified
- Avg. sessions /month12,720Verified
- Avg. profit /month$3,000
- Inventory value$190,000
- Profit Margin15%
- Avg. sales /month120
- Shopify plan
- Inventory warehouse
- Social media and google advertising
Logo and branding assetsLogo (font asset file will be emailed to you so you can download it to your computer from a safe file download link so you can replicate the logo on any branding products you require), thank you cards (including supplier and process to have them changed and reprinted), the way we package, email marketing templates, social media templates. Shopify, mailchimp and social media accounts will be handed over to you (ownership changed and/or passwords handed over).
Personal support after saleI will provide ongoing training to the new owner for a period of 4 weeks included in the sale price. I am an experienced business coach and every process and procedure for this business is well documented. As a bonus, we will run through the business strategy and amend it to suit you and your values, we will update the marketing and social media plan together and then you will have the key assets to run your brand new business! I will then be available 24/7 for that 4 week period to support you and answer any additional queries (obviously I won't answer my phone or emails whilst sleeping but I will respond immediately in the morning). I will support you through any returns or chargebacks (we rarely get them) during that time, for continuity of care for the customer and anything else you may have questions on. I can also direct you to great resources for learning digital marketing, facebook advertising support etc. We will also discuss my previous buying strategy and what has and has not worked well for us in the past.
Product photosThese are embedded in the shopify store
SuppliersYou will be introduced to our key suppliers as the new owner with my endorsement and then you will take over the buying relationships (subject to their approvals)
How to grow this business
Continue the brand ethos and customer care we have established (all procedures and processes will be handed over to new owner). Continue our marketing strategy (will be handed over to new owner). Continue our brand mix while gradually introducing new and high profit brands to the store over time (will handover our new brand strategy).
Skills to have
Good styling skills and a great heart. If you're a bad person our customers will see straight through it and not support you. They are a beautiful community of supportive women and want to see nice people succeed. I will do a filmed handover with the new owner and ensure our customers see my endorsement - so I will only sell to someone I believe has a great heart and will do well in this business! The rest you'll learn as you go! Like I have! Just keep your mind open and your passion flowing. 4 weeks support by me is included in the sale price so you will have full access to my knowledge and skills to learn how to run the business.
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.