Hey there! I started Momos Toys LLC (registered in New Jersey) about a year ago as a project to dip my feet into the waters of dropshipping and ecommerce. When you go to store looking for some type of plush toy, you are met with exorbitant prices. I decided that I would create a dropshipping business that sold plush toys which were affordable with free shipping. I worked on it for a month, until my freshman year at college started. I set up the website, contacted vendors on Aliexpress and negotiated cheaper prices, and was advertising though Google Ads. Unfortunately, I started to get busyy and I couldn't give Momos Toys LLC the time and attention necessary to get it off the ground. Hopefully the next owner can do what's necessary and make Momos Toys LLC a contender in the sales of the plush toy (or any toy of your choosing) industry. Please note that this listing is the sale of both the website and Momos Toys LLC. The LLC was established so taxes could be collected and paid, as well with getting the proper legal protection necessary to ensure relatively seamless functioning of sales and (most importantly) profit. Once I receive the payment, the ownership and agents of Momos Toys LLC will be changed over to you. The store has been paused since December 2017
Momos Toys LLC is very much like a mold that's just been set. It has the base for you to expand, but at the same time, it's still fresh enough for you to make whatever changes you wish without much effort. You don't just have to sell plush toys (or at all for the fact of the matter), you can sell any toy(s) or any other product. You want to sell kitchen accessories? Home furnishings? RC toys? The platform to do so has already been set up. With a little more time and effort, the changes can be made. The Limited Liability Corporation not only shields your personal assets, but also gives you the necessary tax protections. You only have to charge sales tax within the state of New Jersey. Your store, your company, your ideas.
Most importantly, you need to give it time and effort (which I gave for only a month). Something that I wasn't able to really work on, SEO, is immensely important due to how effective it can be in getting more website traffic and sales. Once that happens, many oppertunities will open up in creating new revenue streams and maybe even expanding product lines. Lastly, the new owner needs to create Social Media pages to better publicize Momos Toys LLC and to reach a targeted audience interested in the products you would be selling.
I made the business a legal entity, Momos Toys LLC, and created the website, momostoys.com. I have also put in many hours of researching store ideas, product ideas, website design, contacting many vendors/ suppliers, negotiating prices, and began advertising.
Focusing on a very specific market is the best way for Momo's Toys to grow. If I weren't selling the business and spent the next 5 years growing it, I would spend time created stronger rapport with suppliers to bring costs down, while pick a specific market segment that I would market to. From there, and as the business grows, I would slowly expand the market we cater to and focus a lot on building the brand.
I know you may hear this quite often, but it is very true. You need to be hungry and driven. Most importantly, you need to have a good analytical mind to help streamline and maximize business in a safe and efficient way.
Why buy a business on Exchange
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.
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.
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.
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.
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.
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.
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team