I saw a very underserved niche in the market that I have since been filling the void. It is still a niche that is in high demand and always will be. People are fanatics about this stuff and go crazy for it! I noticed on social media, people would comment on others photos "where did you get that?!" like it was some [REDACTED] I provided the answer to them!
The reason of selling this business
It's time to move on!
What's involved in running this business
Dropshipping which entails sending email orders or ordering from the supplier, which takes less than 3 minutes per order. Average of 2 orders per day equals five minutes per day of ordering. Then the supplier gives tracking and we update the order with tracking.
This business was founded:about 3 years ago
Time to run this business:approximately 5 hours per week
Description
General description
A unique home decor and furnishings dropship store with a great niche - for those who want a modern, Rustic farmhouse style that don't want to filter out all the others. Mostly handmade and domestic products. Product assortment opportunity is endless. We do keep MINIMAL physical inventory for only one vendor (takes up about 10 square feet if laid flat) however no physical inventory is necessary for the remainder of the store.
Valuation is 1.5x projected 2018 revenue based on growth patterns on all sales channels.
Why should someone buy this store?
We do not do any paid advertising. Right now we have an email list of about 1,000 subscribers and a social media following of 35,000 plus 600k+ impressions monthly on Pinterest. SEO value is crazy on this store and ranks above Amazon and Wayfair for a lot of keywords. We also sell a select few of our products on third party sites with Shopify's integrations.
How can the future owner improve the business?
Incorporate paid advertising and streamline the ordering process. You can see that our lowest month ever was because we had to return about $3,000 worth of back orders due to a glitch in the process. A learning curve that you won't have to deal with because the knowledge will be passed to you!
What work have you put into the store?
Built the branding, social media following, email list, loyalty program, website experience and product build-outs.
Traffic and Performance
Avg. revenue /month
$3,784
Verified
Avg. sessions /month7,014Verified
Avg. profit /month
$3,000
Inventory value
$5,000
Profit Margin40%
Avg. sales /month65
Other details about profit:Each type of item has a different profit margin, ranging from 30-60%. Our highest sales months were legitimate and we were selling via Amazon and Houzz which tripled our sales, however decided not to sell on those platforms anymore as we didn’t have the bandwidth to handle all the orders. It is now only via SEO, email, Pinterest, and organic social media that we get all of our conversions.
Total revenue
$143,796
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
266,568Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$20
/month
Inventory warehouse
$0
/month
Employees
$1
/month
Domain
$20
/year
Photoshop
$30
/month
Sale Includes
Physical inventory
Logo and branding assets
Buyer will own all files created for logos and branding. Will be transferred via cloud.
Personal support after sale
Will provide personal support up to 3 months post-sale. This includes introduction to suppliers and vendors, transfer of social accounts and MailChimp account, and any necessary training.
Domain
Product photos
Buyer will own all photos. Will be transferred via cloud.
Social media
Total followers35,000subscribers
Suppliers
Not Included
Mailing List
5,000subscribers
Seller‘s Advice
How to grow this business
Social media
SEO
Facebook and Pinterest ads
Amazon and Houzz listings
Skills to have
Nope! The store runs like clockwork. Just relationship management with vendors.
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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
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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.
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