$445,000USD
  • Avg. Revenue /month
    $7,965USD
  • Avg. Sessions /month16,611
  • Avg. Profit /month
    $12,000USD

Description

General description

Puremagnetik produces and sells sound content for music makers worldwide. Since our inception in 2006 Puremagnetik has become a global leader in the industry growing an average of 1000 new customers per month. Our brand is well recognized in the music technology space as a boutique sound design business with excellent management and customer service.

Outside of Shopify, Puremagnetik has significant business through royalties, a custom subscription service (through Shopify's API) and third-party licensing to major software manufacturers. Shopify's revenue quote only takes Shopify payment gateways into account but our valuation is reflective of multiple other streams. We license content to major music software manufacturers (e.g. Ableton, Native Instruments), iPad apps and more.

This is a great opportunity to own a thriving, healthy business with a high quality, targeted and engaged customer base.

Our business does not only operate on Shopify but we also collect license fees and royalties from our other online partners and have a subscription service through PayPal. These additional streams augment our Shopify reported revenue by approximately $40,000 annually equalling a total gross revenue of $140,000 for 2017.

Why should someone buy this store?

Puremagnetik is an established brand in music technology with a reputation for high quality products and boutique innovation. It comes with a significant, worldwide, built-in audience that can be used as springboard for future products or brand extension.

Running the business can be accomplished by one marketing person working approximately 10 hrs per week or a team (sound developers, marketers, etc.) working full time.

How can the future owner improve the business?

A future owner could better leverage social media and social media advertising.

What work have you put into the store?

Puremagnetik has been an exclusively online shop since 2006. We have built a voluminous sound catalog and quality customer base (over 120k registered users) from the ground up.

Traffic and Performance

  • Avg. Revenue /month
    $7,965USD
    Verified
  • Avg. Sessions /month16,611Verified
  • Avg. Profit /month
    $12,000USD
  • Profit Margin95%
  • Avg. Sales /month500
Total revenue
$207,096USD
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
431,887Sessions
Traffic data comes directly from Shopify and cannot be edited by the seller

Expenses

  • Shopify plan
    $165USD
    /month
  • Domain
    $1USD
    /month

Sale Includes

  • Physical inventory

    Not Included

  • Logo and branding assets

  • Personal support after sale

  • Domain

  • Product photos

  • Suppliers

    Not Included

  • Mailing list
  • Social Media

Why buy a business on Exchange

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.