All prices in USD
  • Avg. revenue /month
    $1,788
  • Avg. sessions /month6,341
  • Avg. profit /month
    $908

Business Story

Why this business was started

It started while working on an office space for ourselves and our company. We continually found ourselves running into difficulties finding ways to create a space that cultivated an exciting, sophisticated and inspirational environment, while accurately communicating the unique essence of all those individuals that would occupy the space. For us, the iPhone singularly represented our professional lives perfectly, and we wanted to find a way to incorporate it into the spaces. Then the idea to find patent art hit us, while searching for just the right pieces we came across two awesome Irish gents that had created this amazing business called Retro Patents. I purchased the business from them and have not regretted it.

The reason of selling this business

Looking to sell as I've been promoted to CTO of a technology firm and I am unable to put the time in that's required to continue to grow the business.

What's involved in running this business

All Patent art and marketing images are created in Photoshop. Here are the steps to create the next big seller

Create Patent Art Detailed instructions will be provided for how to do this with template files.

Create Marketing Assets When we create a new patent art we also create marketing images to use on the site as well as Instagram etc. For each image we have a separate Photoshop. The three main images are connected into the template file so when we update the template the three photoshops files will update. For other marketing assets you can import the final patent image and use that.

Once done with assets you will need to upload to Shopify as well as the print on demand vendor system.

Order Fulfillment: Once a new order comes in it will automatically be sent to print on demand vendor if it's a paper print. If there is an issue with fulfillment they will send an email with the issue and corrections may need to be made (example: missing information or bad shipping address). Contact the buyer and get the correction and update the order. 90% no action is needed. Sometimes an order gets returned or is unable to be delivered, the fulfillment center will contact with details through their portal and you will need to work with the client and vendor to resolve. For hardwood prints we use a separate vendor, when an order comes in an email will have to be sent with the details of the order and the vendor places it into their system and does the rest. These are for USA orders only. We do not allow orders outside of the US for these.

Customer support can all be done via Shopify communication channels. Refunds, returns and other are easily managed through the site.

This business was founded: almost 5 years ago
Time to run this business: approximately 1 hour per week

Description

General description

Discover beautiful vintage patent prints that helped shape the technology, design, music and gaming industries.

From IBM's vacuum tube computers to Nintendo's first cartridge based gaming consoles.

We have designed beautiful bespoke prints based on some of the keystone inventions of our generation from companies such as Apple, Google, Amazon, Sony, AirBnB and more.

Each patent has been designed and printed using HDR ink-jet technology on Ultra Premium Luster Photo Paper with a basis weight of 180 gsm.

Why should someone buy this store?

  • Great business with high returning customer rate and great positive reviews.
  • Great value for the amount of invested infrastructure.
  • Fully Automated Process
  • Just waiting for marketing
  • Easy to add new products and expand catalog.

How can the future owner improve the business?

Marketing and SEO initiatives are the main thing that needs work. Also adding new product designs would be the second biggest addition to increasing revenue.

What work have you put into the store?

  • Press and articles
  • Video reviews
  • Multiple site redesigns
  • Added product variants
  • Good vendor relationships
  • Full automation
  • and much more

Traffic and Performance

  • Avg. revenue /month
    $1,788
    Verified
  • Avg. sessions /month6,341Verified
  • Avg. profit /month
    $908
  • Profit Margin50%
  • Avg. sales /month27
Other details about profit: We have always targeted 50% margin which has worked out to be a good balance for the business.
Total revenue
  • $105,500
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 374,153Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $200
      /year
    • Facebook and Others
      $100
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Digital transfer
    • Personal support after sale

      2 - 3 weeks of support as required to get everything fully transferred. Will answer any basic questions needed to make the transfer fully completed.
    • Domain

    • Product photos

      Digital transfer
    • Social media

      Total followers3,500subscribers
    • Suppliers

    • Mailing List

      6,000subscribers

    Seller‘s Advice

    How to grow this business

    Below are the primary areas that will produce the best growth for the company.

    1. Marketing Marketing Marketing....this site and products never have bad reviews and has a high returning customer rate. The only issue is the number of products available being increased and the amount of traffic making it through the store. I have been unable to commit the proper time to marketing and developing strong marketing campaigns for this site.
    2. Consistently releasing new SKUs (new print designs) to the product lineup on a monthly basis.

    These two efforts over time will produce strong revenue for anyone with good experience in marketing. Releasing new SKUs is easy and just a matter of locating new interesting patents to feature and creating the design assets from developed templates.

    Skills to have

    This business can be run with 1-2 hours a week. Skills required: - Access and basic use of graphics editing (if creating new product SKUs). - Ability to learn Shopify web portal.

    Online marketing know how is going to be important for growth of the business.

    Share

    NM
    Nyle M.Current store owner

    Tags

    Similar Businesses

    Sold businesses

    Our features for a secure experience

    Exchange Trust

    • Verified revenue and traffic
    • Secure messaging platform
    • Escrow payment system
    • Dedicated migration team
    Learn more

    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.