- Avg. revenue /month$351
- Avg. sessions /month369
- Avg. profit /month$100
Why this business was started
As New England natives, curious travelers, and entrepreneurs, we have developed a strong love and appreciation for all things New England. As we have gotten older, experienced more of the world, and built stronger ties with communities, families, and businesses across the region, we have always been impressed by two things – New England’s distinct character and the creative, entrepreneurial spirit that drives so much of our economy. Steeped in over 400 years of history and a landscape like no other, the region’s character is one of a kind. Whether a student, a traveler, an entrepreneur or adventurer, New England tends to lure people to its beautiful shores, storied mountains, and charming villages and towns. With a rich and vibrant culture of entrepreneurship and “Yankee ingenuity,” small businesses changing the world in countless different ways are launched daily. Whether it is a chocolatier working out of their kitchen or a hundred-year-old family-owned furniture manufacturer, the ingenuity, creativity, and craftsmanship displayed by the countless small businesses across these six states are distinct and impressive.
We realized that this love for New England is shared by countless of others who not only live here but have had the pleasure of visiting or have called New England home in the past. With a background in marketing, my mind began to connect the dots. If New England was as popular as we thought, there must be a need going unfulfilled. How does a Florida retiree originally from Massachusetts or an NYC resident who visits Vermont periodically satiate their New England "cravings" at home? Our research showed there was no solution, so in the summer of 2016, over a couple of glasses of wine (from a local vineyard of course), we came up with the concept that later became New England's Finest.
The reason of selling this business
We are in the early stages of another startup launch and can no longer dedicate the time to run this business as well.
What's involved in running this business
This is a relatively lean business that can be run out of a home or small office. The next owner will be successful if they focus on the following top 3 business priorities: - networking in the growing gourmet food community in the region - providing excellent customer service - creatively leveraging existing and new marketing and advertising channels
New England's Finest is the northeast’s premiere gift box company delivering curated boxes of gourmet foods. Each gift box includes 4-6 hand selected and high-quality products around a specific theme (e.g. Chocolate Lovers, Summer BBQ, Cocktails & Entertaining, etc.) sourced from artisans across the region and delivered to customers all over the U.S. who have an interest in and appreciation for New England's distinct flavor and charm. Simply put, our mission is to curate and deliver the best New England has to offer - from the Cape to Beantown to the White Mountains.
Why should someone buy this store?
This is the perfect opportunity for any entrepreneur who has an appreciation for New England and wants to transition to managing their own eCommerce business relatively quickly and inexpensively with a built-in audience and without the hassle of addressing dozens of time consuming and costly logistics including the development of:
- high value website domain
- a fully functional and responsive ecommerce website
- a strong brand
- an engaged and growing social media following on Twitter, Instagram, and Facebook
- policies and procedures
- shipping logistics
- strong business relationships with over 70 regional partners
- over 1,400 email subscribers
- Established and high quality IP and branding elements including custom artwork, graphics, logos, design files, and hundreds of promotional photos
This turnkey business is ready for the right person to take this niche service and grow it even further. As a service to the new owner, the seller will make himself available to assist in the transition for up to 30 days after the sale.
How can the future owner improve the business?
Since May 2017, the business model of New England's Finest has been at the intersection of serving the promotional needs of small and midsize gourmet food makers in the region and offering a unique food experience to those who feel nostalgic about the region. The sky is the limit for this business and several near term ways the new owner can maximize their ROI is to: - Offer custom gift boxes - Diversify gift box pricing tiers - Grow the corporate gift arm of the business further - Increase advertising investment - Expand lifestyle and branded merchandise arm of business - Capitalize on the enormous sports fan market and curate and promote gift boxes associated with the Red Sox, Bruins, Celtics, and Patriots
What work have you put into the store?
We have built this business from the ground up over the last two years addressing all the logistical needs as well as building a strong brand and audience. Other work includes: - investing in the necessary hardware, software, and marketing collateral as well as a substantial library of brand assets including custom artwork, graphics, and hundreds of photos. - developing strong partnerships with dozens of companies across the region - building a strong community of customers and prospective customers across 3 different social media channels and a growing email subscriber list - Attracting the attention of some major media outlets including New England Monthly, the HIPPO Press and CNN.
Traffic and Performance
- Avg. revenue /month$351Verified
- Avg. sessions /month369Verified
- Avg. profit /month$100
- Profit Margin20%
- Avg. sales /month20
- Shopify plan
- G Suite
- Monthly print newsletter (cost per copy)
Physical inventoryNot Included
Logo and branding assetsWe have dozens of design files that will be transferred to the new owner via Google Drive.
Personal support after saleThe team is happy to support the transition for 30 days after the sale including the transfer of all accounts, digital assets, and physical assets. We are also happy to make introductions with vendors and partners as necessary.
Product photosWe have hundreds of promotional photos that will be transferred to the new owner via Google Drive.
How to grow this business
- Offer custom gift boxes
- Diversify gift box pricing tiers
- Grow the corporate gift arm of the business further
- Increase advertising investment
- Expand lifestyle and branded merchandise arm of business
- Capitalize on the enormous sports fan market and curate and promote gift boxes associated with the Red Sox, Bruins, Celtics, and Patriots
Skills to have
- Loves New England and has interest in the region’s small batch and gourmet food market
- Self starter with strong communication and customer service skills
- eCommerce experience
- Leveraging social media as a marketing channel
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.