- Avg. revenue /month$10,210
- Avg. sessions /month7,756
- Avg. profit /month$3,800
- Inventory value$20,000
Why this business was started
I was a big customer in the paper crafting industry, and loved creating cards and scrapbook pages for most of my life. Once I became a stay at home mom, I saw a real opportunity to turn a loved hobby, into a successful and fulfilling career. It allowed me to both be a stay at home mom, and find meaning and success in the work place. It gave me great freedom with my schedule and provided so many opportunities!
The reason of selling this business
My children are older now, and our schedules have become more busy. I know that I could invest more time in the business, but I am looking to slow down. I've struggled with the decision for some time, but realize there is great potential for Neat and Tangled, and my current customer base is hungry for products at a pace I can not keep up with! It's a great problem to have. I also know, that in scaling I would need to bring on more employees, and I honestly enjoyed working for myself and only with the occasional help of contract work.
What's involved in running this business
Creating/developing new products Researching manufacturers Ordering/maintaining inventory of products and shipping supplies Order fulfillment Customer Service Managing social media platforms Managing design team Any advertising or marketing
Traffic and Performance
- Avg. revenue /month$10,210Verified
- Avg. sessions /month7,756Verified
- Avg. profit /month$3,800
- Inventory value$20,000
- Profit Margin34%
- Avg. sales /month250
- Shopify plan
- Inventory warehouse
- Back in Stock app, Wholesale Club app, Mailchimp, Stamps.com
- Adobe Creative cloud
- Book keeping, shipping supplies
Logo and branding assetsIf interesting in keeping the current business name, we will provide the main logo image, basic Facebook banner, IG profile photo in a variety of file types (.ai, .jpg . png) Transferred via DropBox
Personal support after saleI will provide 3 months of consulting support and training after the sale. I am willing to help the new owner: get comfortable navigating Shopify, learning how to list products, manage inventory, etc., get familiar with [REDACTED] if that's who they choose to ship with, meet our manufacturers, meet our wholesale customers, establish connection with international distributor, help transfer all accounts (social media, mail chimp, domain emails, packaging supplies, Shopify apps, etc), offer insight into online and in person workshops. I will not provide help with product design/graphic design. But I am happy to put the buyer in contact with graphic designers I worked with in the past that may be interested in doing contract graphic design work!
Product photosWill provide all current product photos. These will be sent via Dropbox as .jpg
SuppliersShipping supplies (bubble mailers, boxes, labels, bubble wrap, etc). Product manufacturers/suppliers: clear stamp manufacturer, rubber stamp manufacturer, sequin supplier, die manufacturer, stencil manufacturer
How to grow this business
There is a lot to take advantage of to grow the business.
I have not even tapped into the full potential of wholesaling, monetizing the YouTube channel, being more active on Facebook and Instagram, offering online workshops, creating partnerships with other brands in the industry, or working with international distributors.
Personally, I'd work on more time developing content for our social media platforms engaging with the customers (Facebook live, Instagram live, YouTube, replying to comments and engaging with customers)
Create online classes (using a platform like Teachable)
Collaborate with other brands to co-create products
Grow the design team
Grow subscriber list via opt-ins
Grow the wholesale side of the business (direct to wholesale accounts and via an international distributor)
Return to a monthly product release schedule
Re-evaluate product pricing to see what is best for the current market
Grow product lines and range of products
Skills to have
It depends on if you want to design products yourself, or hire an independent contractor to create artwork for products. Shopify is very intuitive and provides great resources for learning how to navigate
If interested in designing your own products, an understand of Adobe Illustrator or Procreate would be helpful.
Also, since at the moment it is an entirely online business, knowledge of social media platforms is vital.
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.