All prices in USD
$22,500
  • Avg. revenue /month
    $5,790
  • Avg. sessions /month10,244
  • Avg. profit /month
    $650
  • Inventory value
    $40,000

Business Story

Why this business was started

This business was started as a philanthropic wearable technology brand. It was intended to be a long term donation source to countries in need of sustainable light & electricity. It was also intended to grow in the technology world & retail/fashion world simultaneously. We planned to keep up with the newest trends, technologies, & avenues for advertising.

The reason of selling this business

It's time to sell because I no longer have the time to manage operations like I used to. The business still has extreme potential for growth, but I just can't manage all aspects of this business along with all aspects of 3-4 other businesses. I'd like to give this business to someone with the resources and time to continue building it.

What's involved in running this business

Short breakdown - Budget for Ads (Google, Facebook, etc.) - Team of content creators - Storage for inventory & fulfillment supplies or 3rd party shipping company - Short & long term business plan for sustainable growth - The time & determination to increase efforts of exposure.

This business was founded: over 3 years ago
Time to run this business: approximately 2 hours per week

Traffic and Performance

  • Avg. revenue /month
    $5,790
    Verified
  • Avg. sessions /month10,244Verified
  • Avg. profit /month
    $650
  • Inventory value
    $40,000
  • Profit Margin30%
  • Avg. sales /month75
Other details about profit: Current profits are non-existent. We haven't been operating with a profit for quite some time, hence the reason for selling. Our products & branding hold great potential for a buyer to increase sales, create new business, & develop profitability as we used to. Since we have not allocated a budget for advertising in the past year, we have not sold the product volume we used to -- which is the primary reason for recent losses. We do have sales not listed in Shopify with previous vendors, buying wholesale. These would obviously diminish the Gross Profit Margins, however, it requires little or no advertising expense to develop wholesaler relationships.
Total revenue
  • $237,383
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 420,009Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $30
      /month
    • Inventory warehouse
      $30
      /month
    • Domain
      $35
      /year
    • Quickbooks
      $40
      /month
    • Google
      $30
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      - Website Domain (www.revivetogether.com) - Instagram, Facebook, & Twitter accounts - All @revive - Inventory $50k+ - Content assets & graphics *Feel free to stay in contact with requests on anything you need

    • Personal support after sale

      I will provide support on everything you need to know regarding the branding of social media, product, packaging. I will offer assistance on the advertising strategy we used when we were at peak sales with the product. I will recommend a selection of advertising tools to use and avenues to target for best conversion. Basically, I will tell you everything you need to know in order to sell the product like we used to when the appropriate time & money was put into ads, inventory, sales leads with wholesalers etc. I can provide the contacts of my manufacturers & suppliers to continue ordering inventory (if you want to keep the inventory structure the same).. you can also choose to change the entire product line or a partial change of the future product line. I've contemplated reinvesting and adding many different items to the collection. Again, upon request, I can assist in sourcing and ordering new product. A major skillset and value of mine is the ability to source and customize product. Any and all products from any industry. I can help source cutting edge technology, new charging innovations, the latest and best selling products on the market. I will offer my experienced opinion on what I feel the brand needs to get back on track and grow. Whether it be which products to focus on, recommending branding adjustments/necessities, etc. I'm always here for any questions -- any help at all I will personally give you my phone number and email to call/email with assistance.

    • Domain

    • Product photos

      Shared Dropbox -- photos/videos for products & lifestyle imagery for social media & ads

    • Social media

      Total followers50,000subscribers

    • Suppliers

      We can provide previous supplier contacts -- we can also assist in finding new suppliers if need be.

    • Mailing List

      10,000subscribers

    Seller‘s Advice

    How to grow this business

    Firstly, I would develop a solid advertising strategy, split across Google, Facebook, & Influencer advertising. I would develop new ideas for product that you wish to sell (beyond our inventory) -- I can assist with suppliers and trending products if you'd like... I would then develop a sales team to push the product into as many stores as possible (this is something I wish I did more of). I would attack as many technology & fashion focused blogs, Youtube channels, social media pages, etc.. that have a great deal of target audiences. Lastly, I would develop a very seasonal strategy to build sales during times of high-buying and potential conversion, and present the product as being a "unique gift for anyone".. That has always worked for us.

    Skills to have

    The new owner should know how to advertise & market product.. Develop high quality content & ads.. Develop the resources to get the product sold at the lowest possible cost. I believe the owner will do very well and be very happy if they are able to collaborate with low-cost, high traffic sites like Touch of Modern (a previous partner of ours), Fancy.com, GadgetFlow, etc. -- as well as presenting the product to brick and mortar accessory shops & tech stores.

    Share

    JS
    Jake S.Current store owner
    I am the founder & sole owner of REVIVE Project, and @revive on Instagram, Twitter, & Facebook. I've become extremely busy over the past year or so, balancing a few different e-commerce shops, consulting for many brands & influencers, & dealing with a great deal of personal matters -- So I'm ready to sell & transfer the business to someone who has the time to continue building it.

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