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$14,850 USD

Rhythm Audio Design

rhythmaudiodesign.com

Appears in Electronics and gadgets , Canada, Ontario, Barrie, Medium Business, Inventory, Business and Franchises under $20,000

General description

Loudspeaker Parts Store

I am retiring and offering this great store which is easily scalable to the size you want.
This store has an excellent niche that sells a range of speaker building parts and speaker kits.

Unique:
This store is currently an authorized dealer for a world class audio manufacturer and the dealership has been secured for the new owner. This is one of the most difficult tasks to perform as a business owner. Manufacturers don't hand out distributorships easily. This manufacturer is authentic high-end and offers real wholesale pricing with excellent margin. There are no restrictions on offering competing manufacturers' products. I can share some ideas.

With a little effort, this store should work very well with organic traffic. So far the store has very good repeat customer numbers. This is a great sign that the store is working well and customers are happy.

Proof of concept has been successfully completed from purchase to shipping.
Many apps are installed but you should install more as you grow.
Shopify has an incredible amount of fantastic apps to help you increase traffic, sales and customer retention.

I've had the store for over a year but I really haven't been pushing it until about 7 months ago. I was hoping to train myself in social media so I could promote the store properly. Alas, that is no longer in the plans. Retirement is here and refocusing of priorities have come into play.

This is a rare opportunity to be a real business owner with genuine growth potential.
If you have questions, contact me. I'll do my best to answer them.

Cheers!

Financials and traffic

The profit is an approximate calculation. It will depend on how many sales you run if any. The previous months were spent in designing, redesigning, securing vendors and market testing. Keep in mind the numbers were achieved with only one vendor and a minimal product line-up, concentrating on small woofers, capacitors and resistors to build brand recognition. As you add more brands and accessory products, you will see exponential growth.
If you have questions, don't hesitate to contact me. I'll be happy to share my ideas.

Average profit/month

$500 USD

Average overall profit margin

45%

Average number of sales/month

8

Value of inventory

$16,172 USD

Lifetime revenue

$12,216.00 USD

Lifetime traffic

12,875 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

I tried a few small Facebook ads, but I don't know what I'm doing. So it was basically a waste of money for me. If you know how to use social media, that's great. If you are not social media savvy, I would suggest making a small marketing budget for it. It will play a big role to increase income.

Expense item

Cost

Shopify plan

$29.00/month

Inventory warehouse

$50.00/month

Domain

$1.00/month

Inventory

If you need more information regarding the inventory, don't hesitate to contact me. let's talk.

Located in Barrie

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

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

Social Media

Mailing list

100 subscribers

Q & A

Why should someone buy this store?

The store is valued at $30,500 USD. The selling price includes shipping inventory to continental USA and Canada plus $500 worth of professional marketing to give you a boost.
This store is carefully researched and crafted. It is not a fad and has long term growth potential. You can add as many products as you like and I can help with that.
If you like audio, you will find that this is one of the most enjoyable stores to own. Many store owners sell their stores when the store is on a downward trend. This store is stable. That's exactly what you want to see in a store that's been launched for about a year. A store like this needs to be nurtured while building customer confidence. RAD has spent allot of effort on securing quality products, building customer confidence, excellent pricing and customer service. The future looks golden.

When you realize that the store growth was achieved without social media marketing, one wonders what can be done with a good marketing strategy.
Nothing is more expensive than a missed opportunity. Do you recognize it?

How can the future owner improve the business?

The business is currently located in Canada. I suggest that the new owner be located in the USA where the majority of customers are.
Creative marketing is the key to improving this business. That is why there is $500 worth of marketing included in the price. I want you to not only succeed, but excel.
I lack social media skills and that is the only weak point of the store. Someone with those skills or willing to pay for those skills should be capable of taking this store to the next level and securing its place in this fantastic market.

What work have you put into the store?

Design, securing vendors, branding, and market testing has been done. The rest is up to you.

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

6 hours

$14,850 USD

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