- Avg. revenue /month$198
- Avg. sessions /month629
- Avg. profit /month$61
- Inventory value$55,000
Why this business was started
I have always had an entrepreneurial spirit and have found that creating projects from scratch fulfilled me more than anything. Additionally, for a while I've been concerned with the rate at which we're depleting our environmental resources. I worked in the corporate world for about a year after graduating from UC Santa Barbara, and I was not enjoying my day to day life. I decided to take a leap of faith and dive head first into the e-commerce industry in order to gain experience, establish myself financially, and also make a positive impact on the environment. After months of research, brainstorming, product development, late nights, work and investment, I launched Rescü in 2019.
The reason of selling this business
Rescü was completely bootstrapped using my Bar-Mitzvah savings. I took every last dollar out of my savings account and decided to take the risk of starting my own company. I didn't take on investment as I wanted to be responsible for the entirety of the business. Unfortunately, reaching the breakeven point and eventually becoming profitable proved to be far more costly than my savings could handle. Additionally, I am getting married this August, so I am now in a position where I am forced to generate a stable, monthly income to support my family. I feel as though I was barely getting started and digging my teeth into the business, but time, money and life circumstances caught up to me. The brand I've developed and the progress I've made with Rescü make this an attractive and accessible opportunity for someone to own their own brand or add to their existing portfolio.
What's involved in running this business
A big part of running Rescü involves digital marketing. Whether that be taken care of by you, an in-house consultant, or a hired team, the bulk of the work is in making the advertising spend profitable. There are peripheral tasks that are very important as well, including managing social media accounts, working on email marketing, customer service and fulfilling orders etc. All of these things can be outsourced, but they will come with a cost.
Traffic and Performance
- Avg. revenue /month$198Verified
- Avg. sessions /month629Verified
- Avg. profit /month$61
- Inventory value$55,000
- Profit Margin30%
- Avg. sales /month25
- Shopify plan
- Inventory warehouse
- Accounting Software, Amazon Seller Account
Logo and branding assets-Over $50k worth of inventory at retail value (quality inspected) -An established and appealing brand image -Professional content shot and paid for including merchandise and lifestyle photos, as well as videos. -Other collateral like sizing charts, retail displays both digital and retractable banner, and tailored photos for Amazon listings -A running Shopify store with ~1,100 Add to Carts, 300 Checkouts, and over 100 conversions -A running Facebook Ads Manager with data to pull from for a seamless transition -Active Amazon listings with organic sales daily -Facebook and Instagram pages with about ~1k followers -An email list with ~1,300 emails -Multiple customer testimonial videos and many written reviews -A strong relationship with manufacturer that can be introduced -Wholesale deals in the works that will be passed on -500+ eco-friendly poly mailer bags for packaging/shipping
Personal support after saleWe will provide ongoing support by phone, email and/or in person for one year after acquisition. Our goal is to make the transition as smooth as possible, and to see Rescü grow into the company it can and will be. We can offer our support with introducing relationships to our web developer, our content creators, our experiences and insights throughout the process, and general collaboration as requested.
Product photosOur entire portfolio of content and collateral will be transferred upon acquisition being complete. We can transfer everything by whichever method is most convenient. The digital files can be uploaded onto a dropbox, and the physical products can be shipped. We will sign a release of ownership as well.
SuppliersWe are in constant contact with our suppliers and they are ready to produce at our convenience. We have established reasonable MOQ's given that we're in the early stages of the business still, so working with them has been seamless. The production run they provided was with magnificent quality, we have had no issues at all. Additionally, we can introduce you to the company who oversaw the production and quality control before our inventory shipped. They did a fantastic job and ensured that the product we received was in optimal state and exactly as had been instructed.
How to grow this business
Growth Opportunities: -Continue generating data on Facebook Pixel and season it until it becomes profitable. -Attack wholesale opportunities. -Revamp ad spend as well as review growth on Amazon. The more reviews, the more organic revenue. -Introduce new products that will generate recurring revenue on the site (branded, recycled poop bags for example). -Dedicate time and effort to generating PR. We didn't do much of that as ROI is difficult to track and we had limited budget.
Skills to have
Any knowledge regarding Digital Advertising, running an e-commerce website, contacts in the pet industry, fulfillment experience, or any experience on Amazon will be a huge advantage and will make for a quick transition. None of those are required to be successful, but they may help.
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.