All prices in USD
$3,500
  • Avg. revenue /month
    $513
  • Avg. sessions /month437
  • Avg. profit /month
    $117

Business Story

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.

This business was founded: about 2 years ago
Time to run this business: approximately 4 hours per week

Traffic and Performance

  • Avg. revenue /month
    $513
    Verified
  • Avg. sessions /month437Verified
  • Avg. profit /month
    $117
  • Profit Margin22%
  • Avg. sales /month20
Other details about profit: Profit can be dramatically (5x) increased by exploring new vendors and offshore suppliers. Unfortunately said operation requires a higher MOQ that I can amortize. Additionally, profit margins and order quantities can be exponentially increased with the right backing. Due to limited budget, my main strategy was drop-culture eco-systems, which worked for sub-1,000 units. This is proven by the 443/mo avg sessions, meaning there is high traffic to the store but no available inventory, therefore creating organic demand.
Total revenue
  • $13,349
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 11,382Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $30
      /month
    • Domain
      $20
      /year
    • Shipping supplies
      $50
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Assets 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 sale

      Upon 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.
    • Domain

    • Product photos

      Digital files, written Assignment.
    • Social media

      Total followers765subscribers
    • Suppliers

      Vendor introduction and handover will be conducted. Prior to said meeting, all Vendor details will be discussed with the new owner.
    • Mailing List

      422subscribers

    Seller‘s Advice

    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.

    Share

    VG
    Victor G.Current store owner
    I am an inventor and entrepreneur, Pakhook being one of them. I thrive in finding solutions to problems, and product management is one of them. At the time of this listing, I have successfully sold 2 businesses, and my work has spanned over a number of countries and companies. Each product I've created has addressed a particular need, with the customer's feedback on the forefront and passion for the company as the fuel.

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