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www.modwear.co.uk - UK Based Mens Mod, Retro, Indie & Heritage Online Fashion Store

www.modwear.co.uk
$100,000USD
  • Avg. Revenue /month
    $3,122USD
  • Avg. Sessions /month5,583
  • Avg. Profit /month
    $1,200USD
  • Inventory value
    $28,000USD
Description

General description

Established in 2012, ModWear Ltd is a multi-brand online fashion retailer specialising in men's clothing & apparel for the Mod, Indie, Retro, Heritage and Vintage fashion conscious Assets / Benefits Store hosted on Shopify - The world’s most scalable and robust ecommerce platform Amazon / eBay Stores - Alternative route’s to sale (additional revenue not included in the below figures) Brief Financials 5 years double digit YOY percentage growth Cash Positive All stock owned Zero debt / loans 25% + Gross Margin YOY Below is our Annual YOY Turnover Growth 2012-2013 = 146% 2013-2014 = 100% 2014-2015 = 34% 2015-2016 = 54% 2016-2017 = 36% The trend is continuing for January 18 also: Jan 2017 - Jan 2018 = 31% growth Large Social Media Following and rapidly growing Twitter – 19.9k Facebook – 19.9k Instagram – 2.7k Excellent relationships with brands Merc London, Ben Sherman, Tootal, Trojan, Art Gallery Clothing, Gabicci Vintage, Delicious Junction, Brutus, Viyella, Padmore & Barned, Goodwin Smith and more Very positive site analytics year on year (2017) Page Views 570,000 / Unique Visits 214,000 New Users 61% / Repeat Users 39% Site Visits (up 10%) 72,500 / Visitors (up 9%) 67,000 Repeat Customer 20% / New Customers 80% Future / Growth (more below) Strong relationships already in place for moving forward with bringing on more brands Opportunities to utilise everything in place to launch Womenswear Huge options to expand rapidly growing Instagram Following and Instagram Advertising Huge options to expand and capitalise on our Facebook Following and Facebook Advertising Well run profitable business looking to be taken to the next level.

Why should someone buy this store?

Our store has experienced 5 years continuous growth and has become one of the most recognised brands in our marketplace. We have established great relationships with our suppliers who are some of the biggest and well-known heritage brands within our demographic. We have established a fantastic customer base which is evident by our continuously growing social media following. Our site visits continue to grow year on year as do the number of repeat customers. On top of there is many opportunities for growth we have yet to explore.

How can the future owner improve the business?

There is a huge amount of potential to grow this business. ModWear has previously been run on a part time basis. The future owner would instantly benefit from allocating additional time than was previously assigned and tapping into Facebook and Instagram Advertising ontop of expanding advertising via Google Adwords. The business will also be improved by investing in additional brands. We have continued to add new brands each year and have identified a number of brands who will help to continue to take this business forward. The current business model is perfectly placed to on-board Woman's wear something we have been asked about on many occasions. Lastly the buyer may want to use platform for launching their own clothing brand.

What work have you put into the store?

There is the day to day running of the business, this includes order processing, inventory management, marketing / customer relationship building (mainly via Social Media) and general website maintenance. Every season we meet with our brands representatives and make investments in future seasons stock (Twice a year). We also try to grow our brand awareness by maintaining a blog and actively communicating within our networks. At present this is done by the 2 directors on a part time basis who also have permanent jobs.
Traffic and Performance
  • Avg. Revenue /month
    $3,122USD
  • Avg. Sessions /month5,583
  • Avg. Profit /month
    $1,200USD
  • Inventory value
    $28,000USD
  • Profit Margin25%
  • Avg. Sales /month100
Traffic and Revenue data comes directly from Shopify and can not be edited by the seller.
Last 3 years revenue
$137,350USD
Last 3 years traffic
245,667Sessions
Expenses
  • Shopify plan
    $79USD
    /month
  • Inventory warehouse
    $155USD
    /month
  • Domain
    $1.25USD
    /month
Sale Includes
  • Physical inventory

  • Logo and branding assets

  • Social media accounts

  • Personal support after sale

  • Domain

  • Product photos

Social Media

Social followers43,000subscribers
LH

Lewis H.

Running this business for almost 5 years
Set up by two friends from Manchester who are passionate about Mod clothing and a scene. We had no prior experience of the clothing trade or any eCommerce background and we proceeded with a view of this being a lifestyle business which could be managed part time. After YOY growth and this growth teamed with new family commitments and other family needs has prompted us to look for the person / people who will take ModWear forward and help it reach its maximum potential and growth.
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