- Avg. revenue /month$513
- Avg. sessions /month437
- Avg. profit /month$117
Why this business was started
As a long time bag and backpack collector, I have always found it detrimental to the conservation of said bags to lay them on the floor, on top of each other or in bins. Once my collection surpassed 20 bags and I no longer has physical space for safe storage, I began to research the web for possible solutions. Unfortunately, nothing had been invented with the bag lover in mind, which led to Pakhook being born. At the time of this listing, Pakhook is increasingly becoming a go-to for backpack accessories, with numerous collaboration proposals, wholesale inquiries and a positive brand image that reflects the love for our products, community and customers.
The reason of selling this business
Pakhook is at a point where it needs to be maintained, scaled or closed. Due to a number of personal reasons, among them divorce and loss of job, I can't give the business the attention it needs therefore needing a new owner.
What's involved in running this business
The business is simple and easy to maintain, with only a few hours a week. Besides a monthly Shopify plan, expenses are minimal and only in the way of packaging, labels and merchandise. Basic level knowledge of e-commerce is needed, however I will be happy to walk through all steps in the process with the new owner.
Traffic and Performance
- Avg. revenue /month$513Verified
- Avg. sessions /month437Verified
- Avg. profit /month$117
- Profit Margin22%
- Avg. sales /month20
- Shopify plan
- Shipping supplies
Physical inventoryNot Included
Logo and branding assetsAssets and their intellectual property will be transferred accordingly to the new owner, via digital files, and ownership of such material via written Intellectual Property Assignment. Social media accounts, domain, copies of First Article sample paperwork and vendor contacts will all be included as well.
Personal support after saleUpon to successful completion of the buy-sell agreement, I will provide support for 90 days, 2 hours weekly, on a time and day that works for both parties. This includes no-charge consulting, business details, audience insight, design help and training, if needed.
Product photosDigital files, written Assignment.
SuppliersVendor introduction and handover will be conducted. Prior to said meeting, all Vendor details will be discussed with the new owner.
How to grow this business
Next scaling steps: - Reduce landed cost by either increasing MOQ with current manufacturer - Social Media marketing - Eventually find a new supplier with reduced manufacturing costs - Addition of accessories, which average 400% profit - Expand line of original offerings by introducing new or variation of existing products (ie: special colors, limited editions, personalized engraving, etc)
Skills to have
The new owner should have an interest in acquiring a business that is still in its infancy, but that has a positive track record of return on investment and proof of concept that a market exists for said product. Unfortunately, due to capital I am limited in my endeavors, but I will be happy to provide a scaling business plan to the interested new owner, as well as support and guidance as part of the deal.
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.