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Screenshot of sold business retropatents.com

Retro Patents

retropatents.com

Appears in Art and photography , Established stores, Ireland, Cork, Printful stores for sale, Lifestyle, Home Business for sale, Print on demand, Large Business, Business and Franchises under $20,000

General description

The moment of inception is unique. For any product or business, it's that point in time from which an idea is conceptualised, designed and developed into something special ⚡

Last year, Craig and I were travelling in Europe and we came across a boutique print shop that had a Harley Davidson motorcycle patent in the window. We really liked the minimalist look to it and remembered how we'd used early product prototypes for motivation in the past. There's nothing more inspiring than seeing a world beating product stripped down to its core ✎

On the trip home, we started brainstorming how we could apply this idea to the tech and gaming world which we both know and love. So Retro Patents was set up to scratch an itch. We wanted to capture that spark of inspiration and hang it on our walls ❤️

We started off building our own bespoke patent prints which we put up around our houses and offices and started sending them to friends who liked them too. Then we started printing them and selling them locally to people who were just as passionate about patent art ☺️

This evolved into the website you see today. We're excited to share Retro Patents with the world. Here's to the patent pioneers who've paved the way ☝️

Financials and traffic

We launched this shop at the end of January 2017.

With zero marketing spend and through organic sales only, we successfully shipped 5000 posters to thousands of happy customers around the world.

This resulted in top line revenue of €70,000, netting us €35,000 in the process.

This year we've been too busy with other work commitments so we haven't had the time to work on it as much as we would have liked.

Given the profits earned so far, we know that Retro Patents is a great earner and would be a successful business for the new owner.

Average profit/month

$2,000 USD

Average overall profit margin

50%

Average number of sales/month

100

Lifetime revenue

$79,842.00 USD

Lifetime traffic

301,712 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Expense item

Cost

Shopify plan

$30.00/month

Subscriptions (ie. Mailchimp, apps)

$10.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$1.00/month

Domain

$0.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

retropatents

Instagram

retropatents

Twitter

retropatents

Mailing list

11,000 subscribers

Social media followers

3,500 people

Q & A

Why should someone buy this store?

We launched retropatents.com in early
2017. Since then we’ve been featured on CNBC, TechCrunch, The Next Web,
CNET and more.

We strongly believe that we’ve identified a powerful market of tech lovers, gamers and musicians who are passionate about patent art and willing to purchase.

How can the future owner improve the business?

Taking over and growing Retro Patents would be relatively easy.

We know there is a much wider audience to discover and buy limited edition vintage patent prints.

A dedicated consumer marketing strategy together with more operational support would undoubtedly yield more sales and profit.

Expanding into adjacent markets (sports, cars etc) would also help grow the total addressable market significantly.

What work have you put into the store?

We put a lot of work into the Store prior to launch. The website itself has been fully optimised and has been continously referred to as a great storefront with a simple UX.

Each poster itself was designed by us taking the original patent art and crafting it into a bespoke artwork which is fit to hang anywhere.

We recently surveyed our customers who gave us a net promoter score of over 50. This highlights that the products themselves are immensely popular and our return customer rate is testament to that.

The drop shipping set up is flawless. Every order that comes in is fully automated for fulfillment and shipping. Sales ship from Latvia and California using Printful, the number one global drop shipper for this category.

The store basically runs itself so the new owner would need to just focus on marketing to grow out the business.

How many hours does it take to run this business per week?

2 hours

Store images

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