All prices in USD
$12,500
  • Avg. revenue /month
    $51
  • Avg. sessions /month1,875
  • Avg. profit /month
    $1
  • Inventory value
    $14,000

Business Story

Why this business was started

The Indian online market is set to explode as the demand for Western style clothing gathers pace. As proven in virtually all Countries, those Online operators who launched early, have grown at an exponential rate. There patience has paid off big time. As they saying goes, one needs to speculate to accumulate. In the case of India, it is a matter of not if but when.

The reason of selling this business

The Business needs a dedicated social media team, to drive it.

What's involved in running this business

Running the business is fairly straight forward. The invest in time needs to be focused on social media.

This business was founded: over 5 years ago
Time to run this business: approximately 2 hours per week

Description

General description

INDIA. We embarked on this project as we realised the future long term potential of an online store in INDIA (the fastest on line growth market in the world). We firstly set up a UK Holding Company, which then set up wholly owned INDIAN PVT LTD trading Company, (has TIN, IEC, PAN, GST & and Indian Bank account). This was a costly project. Once achieved a further INDIAN PVT LTD Company was set up to operate the actual online store (has TIN, PAN, GST & bank account) The initial inventory and subsequent inventory have been shipped from the UK. We finally launched some 2 years ago. The elephant in the room is we are not social media savvy. We have decided India needs new enthused blood which understands the DNA of social media & has experience in the DROP SHIP world . The structure we have in place is in its self a valuable asset for a Western forward thinking operation. Inventory, Domain names & social media handles are included in the sale. NOTE: Average revenue shown by Shopify is only for paid orders & does not take into account COD orders. This Sale includes Inventory approx value $14000.

Why should someone buy this store?

The store currently sells Women's fashion clothing. In reality this can be changed to ANY product. The benefit of what we are selling besides the Store is the Corporate Structure. This allows immediate entry into the INDIAN market whether online or not, with virtually any products. The Corporate Structure in place may also be utilised for DROP SHIP. 1) UK Ltd Holding Company if required. The shares it holds can be transferred to any Party. 2) INDIAN Ltd trading Company, wholly owned by the UK Holding Company. The INDIAN Trading Company is TIN, PAN, IEC, GST registered, has its own bank INDIAN Bank account. Registered office with the accountants in DELHI. 3) The online operating Company which again is TIN, PAN, IEC, GST registered and has its own INDIAN bank account. For the right forward thinking entrepreneur, the above represents an awesome opportunity. This is without considering the awesome opportunity to create a DROP SHIP operation through the structure in place. We are selling for only $12,500 including $14,000 of inventory. Plus there are Registered Tax looses carried forward & GST (Vat) overpaid credit available.

How can the future owner improve the business?

Social Media Expertise, which we have come to realise is the BE ALL of everything. DROP SHIP also represents a great opportunity.

What work have you put into the store?

To set up Corporate Structure and to launch , took approx 18months solid. Overall we have spent over 3.5yrs on the project

Traffic and Performance

  • Avg. revenue /month
    $51
    Verified
  • Avg. sessions /month1,875Verified
  • Avg. profit /month
    $1
  • Inventory value
    $14,000
  • Profit Margin53%
  • Avg. sales /month5
Other details about profit: Average revenue shown by Shopify is for paid orders at the time of purchase. COD purchases are not taken into consideration.
Last 4 years revenue
  • $2,898
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 4 years traffic
  • 106,926Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $120
      /month
    • Employees
      $196
      /month
    • Domain
      $23
      /year
    • social media
      $50
      /month
    • photo editing software
      $30
      /month
    • Accountants, who deal with all filing including monthly GST filing
      $450
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Once contracts are exchanged, our Lawyers will provide the documentation at point of completion.
    • Personal support after sale

      We will provide everything as per this listing, together with as much reasonable hand over support that is required for say 60days after completion. Thereafter we are happy to assist on an ad-hock basis. The Manager who is also a Director is based in India & is willing to provide as much assistance as he can. He would in fact love to work for the new owner & happy to relocate within India if required. We will also put you in direct touch with our Accountant & Lawyer to make the hand over easier.
    • Domain

    • Product photos

      Will be transferred at Completion
    • Social media

      Total followers4,144subscribers
    • Suppliers

    • Mailing List

      2,791subscribers

    Seller‘s Advice

    How to grow this business

    Find someone that has first class skills with social media. DROP SHIP

    Skills to have

    Social Media

    Share

    A.
    Andrew ..Current store owner
    I am one of the main administrators responsible for the set up/launch.

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