www.modwear.co.uk - UK Based Mens Mod, Retro, Indie & Heritage Online Fashion Storewww.modwear.co.uk
- Avg. revenue /month$3,341
- Avg. sessions /month5,753
- Avg. profit /month$1,200
- Inventory value$28,000
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)
5 years double digit YOY percentage growth
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.
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.
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.
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$3,341Verified
- Avg. sessions /month5,753Verified
- Avg. profit /month$1,200
- Inventory value$28,000
- Profit Margin25%
- Avg. sales /month100
Other details about profit: We have seen 5 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.
- Shopify plan
- Inventory warehouse
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.