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$1,290 USD

0% Transaction Fees store - Padma Paaduka

www.padmapaaduka.com

Appears in Fashion and apparel , Inventory, Business and Franchises under $5,000, Large Business, Established stores

General description

BUY A SHOPIFY STORE WITH 0% TRANSACTION FEES!

This store is useful especially for those who wish to save on paying a 2% transaction fees on every sale.

For Indian stores that signed up before 2013, Shopify has waived off the transaction fees. "Existing merchants and the ones that pick a paid plan before July 3rd will not pay transaction fees."

◙ We started as a online store selling Indian handwoven fabrics, sarees and materials. We're known for being one of the earliest e-commerce portals offering indian handloom products to a wide audience across the world. We regularly shipped to customers in USA, UK, Singapore, Bangladesh, Australia and more. Overall, Indian handloom products is a good business of 40-50% gross profits and 15-20% monthly net profit margins.

◙ During our peak, we were averaging $30K of monthly sales and $6000 in monthly net profit.

◙ Over the last 2 years, we have been focusing on other sister entities due to which we have been unable to maintain the sales run rate. However, if you are dedicated to this business, its a very profitable, easy to run, cash generating business.

WHY BUY THIS STORE AND NOT START YOUR OWN? OURS IS A 0% TRANSACTION FEES STORE

◙ All India stores that started before 2013, have a Shopify transaction fees waiver. That means, you would save anywhere between 0.5-2% on each sale! Multiplied this with your annual turnover for the next many years and its an impressive saving direct into your wallet.

Financials and traffic

Its a profitable, cash generating business - during our peak, we achieved $30K of monthly sales and $6000 in monthly net profit. were able to maintain a 45%+ gross profit margin and a 20% net profit margin. Over time, we focused on our other businesses and now intend to handover this business into suitable hands.

If you are buying this store for the 0% transaction fees benefit, then your profit would depend on your product :)

Average profit/month

$60 USD

Average overall profit margin

20%

Average number of sales/month

10

Value of inventory

$2,500 USD

Lifetime revenue

$74,374.00 USD

Lifetime traffic

187,664 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Expense item

Cost

Shopify plan

$29.00/month

Domain

$2.00/month

Inventory

We have around $2500 worth of inventory of handloom sarees and fabric, which is transferrable to you, the buyer. We can also introduce you to our suppliers and ensure a smooth transition.

However, if you wish to buy this store for the 0% transaction fees benefit and do not wish to take the inventory, we can accordingly alter the deal.

Located in Chennai

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

padmapaaduka

Instagram

padmapaaduka

Q & A

Why should someone buy this store?

  1. 0% Transaction fees - Buy our store and directly save 2% transaction fees that is otherwise applicable on new Shopify stores. If you achieve $300K of annual sales, then its a direct saving of $6000 per year!

  2. As a buyer, you receive an established brand name and a loyal customer base. As a buyer, you may however choose to continue the same line of business or use the website for another purpose because of the benefits of the 0% transaction fees.

How can the future owner improve the business?

Use the customer base, introduce new products and kick-start marketing OR USE THE 0% transaction fees and sell other products!

What work have you put into the store?

The store has been themed and modified for efficiency, plus we have done regular email marketing and social media marketing.

How many hours does it take to run this business per week?

10 hours

$1,290 USD

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