- Avg. revenue /month$6,816
- Avg. sessions /month7,411
- Avg. profit /month$3,754
Why this business was started
Monarch started once our other eCommerce store Gem and Co. (also for sale) had scaled to over $10K monthly revenue. We wanted to test our marketing skills and replicate for another store. We researched manufacturers and began working on our strengths: marketing. We leveraged Instagram to grow a worldwide customer base and cult-like following.
The reason of selling this business
We started a marketing agency, [REDACTED], that took off and we don't have the time or want to invest the resources in scaling KNOX to 7-Figures.
What's involved in running this business
One VA can handle 95% of the daily operations. This is typically $5-6/hr and I could see taking no more than 4-6 hours daily. We have an online educational platform that we use to educate VA's in their role. Currently our VA's work under the holding company and not specifically this brand. When it comes time to sell this business to you, we will happily help source a VA, educate and ensure they are confident in their daily duties, which includes:
- Order Fulfillment
- Customer Service
- Supplier Relations
- Adding New Products
- Responding to Instagram Direct Messages
- Scheduling Social Media Content via Later (Scheduling App) --> Instagram & Pinterest
Traffic and Performance
- Avg. revenue /month$6,816Verified
- Avg. sessions /month7,411Verified
- Avg. profit /month$3,754
- Profit Margin50%
- Avg. sales /month235
- Shopify plan
- Marketing Apps, Instagram Tools, etc.
- Facebook Ads (Retargeting mainly)
Physical inventoryNot Included
Logo and branding assetsLogo & Brand Assets transferred via Google Drive: • Banner Images • Photoshoot Content • Social Media Accounts (@monarchtokyo) - see below • User Generated Content (#UGC)
Personal support after saleYes. We will help the buyer higher and educate a Virtual Assistant along with support the new owner in managing their business. We also have an online educational platform as well as strategies, slideshows and docs specific to the business. In Summary: For a duration of 4 weeks: • Phone Calls or Video Calls • Access to Our Educational Training Platform • Hiring a Virtual Assistant • Full Access to Processes & Marketing Campaign Docs
Product photosTransferred Via Google Drive and/or left uploaded on Shopify, this also includes photoshoot content and #ugc (user generated content)
How to grow this business
To grow this business, I would:
• Hire a dedicated social media manager • Hire a facebook ad expert • Make MONARCH omnichannel present • Invest in Influencer Paid Posts & YouTube Creators • Order from 1688.com, Ship to 3PL in Guangzhou & reduce COGS by 15% (We have all the details in-place)
We have implemented all measures before focusing efforts on Media Agency. They work and can very easily scale. The next step in the business would be to reduce COGS from 30% to 10% by sourcing and buying bulk.
Skills to have
This business is for you if you:
• Ability to create Marketing Campaigns (Photoshoots, Influencer Relations) • Have experience scaling eCommerce stores • Are knowledgable in Facebook Ads • Have capital to invest in inventory • Own a larger holding company or fashion boutique
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.