All prices in USD

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

www.modwear.co.uk
$85,000
  • Avg. revenue /month
    $3,481
  • Avg. sessions /month5,818
  • Avg. profit /month
    $1,200
  • Inventory value
    $32,500

Description

General description

OPEN TO OFFERS / RECENTLY UPDATED / RE DESIGN OF WEBSITE 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%

2017 - 2018 = 23%

The trend is continuing for upto February 19 also:

Large Social Media Following and rapidly growing

Twitter – 20k +

Facebook – 20k +

Instagram – 5.5k +

Excellent relationships with some premium brands

Merc London, Ben Sherman, Gola, Farah Vintage, Tootal, Trojan, Art Gallery Clothing, Gabicci Vintage, Delicious Junction, Brutus, Viyella, Padmore & Barned, Goodwin Smith and more

Very positive site analytics year on year (2018)

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 6 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. We are currently looking to outsource the fulfillment which can be passed over but if you wanted to bring this in house this is not an issue.

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.

This business was founded: over 5 years ago
Time to run this business: approximately 15 hours per week

Traffic and Performance

  • Avg. revenue /month
    $3,481
    Verified
  • Avg. sessions /month5,818Verified
  • Avg. profit /month
    $1,200
  • Inventory value
    $32,500
  • Profit Margin25%
  • Avg. sales /month100

Other details about profit: We have seen 6 years continuous year on year growth. Increased turnover has led to greater profit. Higher profit margins are attained during Autumn and Winter Season where we receive larger orders containing multiple products and higher ticket items such as coats. On top of this during the Autumn Winter season we see a huge rise in our Accessories section. Last year we also started to seek additional routes to market such as selling via our Amazon Shop which has significantly boosted our turnover (figures not included in the Shopify only statistics below but Amazon Shop is included in the sale) We have also found that this has generated additional revenue but has also attracted people back our site. This has been achieved by more traditional post sale methods of marketing.

Last 4 years revenue
  • $177,547
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 4 years traffic
  • 296,734Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $155
      /month
    • Domain
      $15
      /year
    • Google
      $100
      /month

    Sale Includes

    • Physical inventory
    • Logo and branding assetsEverything we have will be provided
    • Personal support after saleWe will work with the new owner free of charge a few hours a week and available at the end of the phone in the initial phase and then handover
    • Domain
    • Product photosEverything we have will be provided
    • Social media
      Total followers50,000subscribers
    • Suppliers
    • Mailing List
      2,000subscribers

    Seller‘s Advice

    How to grow this 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.

    Skills to have

    As understand of Shopify Platform is ideal but by no means required

    Share

    LH
    Lewis H.Current store owner
    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.

    Tags

    Similar Businesses

    Sold businesses

    Our features for a secure experience

    Exchange Trust

    • Verified revenue and traffic
    • Secure messaging platform
    • Escrow payment system
    • Dedicated migration team
    Learn more

    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.