All prices in USD
$5,000
  • Avg. revenue /month
    $1,391
  • Avg. sessions /month2,045
  • Avg. profit /month
    $700

Business Story

Why this business was started

Inspired by the likes of Elon Musk, Jeff Bezos and Jack Ma, this business was started by three friends passionate about entrepreneurship who sought real world experience around operating a business.

Currently, my partners and I are university undergrads pursuing a bachelor in business and marketing. Applying our first-hand knowledge from relevant subject modules, student internships and multiple entrepreneur workshops, we have managed to scale this e-commerce business to generate over $7,000 USD worth of revenue.

Through various research, our team at PLUSHBEAST identified untapped potential within the plushie industry due to its growing popularity during the COVID-19 pandemic. Upon spotting the rising trends, we tested our sneaker plushie product which generated outstanding conversions through our Facebook advertising. There is definitely great potential in this store to scaling up to 7 figures a year.

The reason of selling this business

As mentioned earlier, my partners and I are still studying for our degrees. We started this store in late 2020 during our holidays. However, when the 2021 school term started, we were really struggling to manage PLUSHBEAST and our studies simultaneously. Hence, after much consideration, we decided to let go of this store to someone who willing to take on this project full-time and grow it to its maximum potential because we are unable to cope with our education and other commitments.

What's involved in running this business

Fulfilling Orders (through Shopify and Oberlo) Conversing and Handling Suppliers Running Ad Campaigns Social Media Content Management and Creation Maintaining Good Customer Relations.

This business was founded: 5 months ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $1,391
    Verified
  • Avg. sessions /month2,045Verified
  • Avg. profit /month
    $700
  • Profit Margin43%
  • Avg. sales /month32
Other details about profit: The total sales made from January 2021 to April 2021 was $6,800, roughly about $1,700 in revenue per month (performance calculated below is relevant till March only). We used multiple advertising streams from influencer marketing to Facebook advertising. We will handover our social media pages (Facebook and Instagram) to confirmed buyers but we will not be giving our Facebook Ad Account because we want to keep it for future reference if ever needed. All customer payments are verified using the Shopify store.
Total revenue
  • $6,955
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 10,229Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $20
      /year
    • Shopify Paid Apps
      $18
      /month
    • Facebook Ads
      $600
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Logo and Branding Elements are already attached in the Shopify Files and we are also willing to hand over our own independent files via WeTransfer or Google Drive Share upon request.
    • Personal support after sale

      We will help out for 2 weeks after sale of the store and ensure the new owner gets informed updates of how we ran the store and what to look out for. We would also be available to answer any questions and to help configure certain technical settings if needed. A seamless and smooth transition will be ensured.
    • Domain

    • Product photos

      Product photos are already attached in the Shopify Files and we are also willing to hand over our own independent files via WeTransfer or Google Drive Share upon request. We have at least 5 custom video creatives that we outsourced from professional video-makers online, as well as dozens of high quality custom product photos that are part of the offer.
    • Social media

      Total followers5,145subscribers
    • Suppliers

      We have maintained a very good relationship with our supplier, prompt replies are ensured and he will always do his best when doing business with us so far. We will inform our supplier upon handover of the store for interested buyers and update him on the contact information of the new owner once PLUSHBEAST has been handed over. He has already been notified that we are selling our store due to the aforementioned reasons and is keen to work with the new owner.
    • Mailing List

      121subscribers

    Seller‘s Advice

    How to grow this business

    Various opportunities can be seized upon moving forward. One of those would be expanding into new shoe designs and recent releases since the possibilities would be almost endless. Hype sneakers from renowned celebrities like Kanye West and Travi$ scott are highly sought after in the sneaker industry, providing great opportunities for sales if executed timely.

    Subsequently, the next owner could consider holding inventory in the US or UK to decrease lead time, leading to more satisfied customers and hence more sales.

    Skills to have

    Owner should know the basics of Facebook marketing (assuming Facebook would be the primary marketing medium). Other aspects such as graphic design, store design, custom product/videos, and social media accounts are all covered in our store sale.

    Share

    KA
    Kenzie A.Current store owner

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