All prices in USD
  • Avg. revenue /month
    $27,604
  • Avg. sessions /month4,593
  • Avg. profit /month
    $5,000

Business Story

Why this business was started

I was involved in concrete manufacturing for many years where I designed and patented new products. I sold this business which is still successfully up and running two years later to a new happy owner. So I had to start something new. For the concrete business I was using primarily online forms of marketing to advertise and create a brand which I enjoyed. I wanted a cleaner, easier business with less staff. That I could run from the comfort of my home.

The reason of selling this business

I have decided to sell the business as I have bought a plot of land in the Karoo, South Africa and I plan to go and build a house there. Using my background in the construction industry I would like to be hands on. Once this is complete I can look at starting a new online store.

What's involved in running this business

The day to day running of the business involves client queries on products, checking for payments that were done directly into the bank account and full filling orders. We have hired a Google expert to run the adverts so this part has been taken care of. Facebook messages and allowing an automated app to upload new products onto the Facebook page.

This business was founded: over 1 year ago
Time to run this business: approximately 20 hours per week

Description

General description

We are an online marketplace with over 50000 products www.seedleme.com. Built by South Africans for South Africans. With an ever growing range updated regularly as we form new relationships with trusted suppliers. a) Committed to quality Because we are passionate about quality, we search far and wide to bring you something special. Our novelty items are carefully curated and handpicked by a team of people consisting of both young and old. We go to great lengths to ensure that each unique item will not only delight you, but also conform to our strict quality control measures. We strive to sell items that are responsibly sourced and are just as good and safe for the whole family. b) Safety Shop with complete peace of mind, knowing that your payment is 100% safe with us. We offer a 100% money back guarantee and all of our payments are verified with a secure check-out. c) Excellent service We are passionate about excellent customer service and will go to great lengths to ensure our 100% customer satisfaction rate. We believe in customers: Once you buy from us, we welcome you to the SeedleMe family! Please feel free to get in touch directly on how we can best be of assistance. d) Shipping Free Shipping on all orders unless speed delivery requested. We offer a variety of shipping options to suit every budget. We ship to all major destinations. With our trusted network, we are able to conveniently ship your order, no matter the size, at competitive rates. We offer bulk discounts on large orders.

Why should someone buy this store?

This is a fully set up running and growing concern. With every detail carefully sorted. We have paid upfront for a fantastic app so that we do not have to now pay for individual app costs. So this saves a great deal of cash. We have also hired a very professional company that has an excellent Google specialist to market our store. This would be part of the sale if required. We have loaded over 50 000 products so there is already a huge range available. As marketing is increased so are sales. Everything is already up and running. So it is easy to take over and easy to build it up from here.

How can the future owner improve the business?

One could start by adding new categories, increase advertising budget, Facebook and Instagram linked stores as well as open the store up to other countries. This would massively increase the stores presence and ability to reach new customers. In turn increasing sales and profit.

What work have you put into the store?

Many hours finding niche products and products testing. Building of the store and testing Facebook and Google adverts to find best results. Spent a lot on Facebook adverts and Google adwords to see what products work and which adverts work. Updating and creating new individual product descriptions, choosing the images and making sure the products ship correctly before loading.

Traffic and Performance

  • Avg. revenue /month
    $27,604
    Verified
  • Avg. sessions /month4,593Verified
  • Avg. profit /month
    $5,000
  • Profit Margin40%
  • Avg. sales /month220
Other details about profit: The profit and expenses is as of July 2019. Obviously as we increase advertising budget so the profit and sales increase. The store has been growing continuously month on month this year. We sell through other online channels which are linked to the store. Like Google Shopping and BidorBuy. We also sell through other retail outlets and stores. These retail outlets and other stores will not be included in the sale and do not form part of the selling price or profit of the online store Seedleme as none of these sales are reflected and do not go through the Shopify store. All bank deposits and sales which are not paid into Shopify also do not reflect on Shopifys sales. However we manually mark it as paid by bank deposit. per Shopify "If you received payment manually, mark this order as paid. This payment won’t be captured by Shopify and you won’t be able to refund it using Shopify." The business is growing from month to month.
Total revenue
  • $469,269
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 78,096Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Employees
      $100
      /month
    • Domain
      $14
      /year
    • Email marketing and Facebook posts app
      $1
      /month
    • Facebook and Google and apps
      $1,200
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      We will send the buyer the logo and affiliated images for the store. Which we had designed by a professional marketing company.
    • Personal support after sale

      I will provide personal support for 30 days after the sale of the business. The buyer will be able to contact me for support with previous customers, suppliers and technical support and training.
    • Domain

    • Product photos

      All product photos on the store will be handed over with the sale of the store.
    • Social media

      Total followers13,500subscribers
    • Suppliers

      Not Included
    • Mailing List

      5,000subscribers

    Seller‘s Advice

    How to grow this business

    To grow the store one should allocate more advertising budget. Then the next clever step would be to make the store international. So to be able to drop ship products worldwide and integrate a currency app that would automatically change the currency for whichever country one views the product from. Start marketing more aggressively on Facebook and Instagram create a sales channel shop on FB and Instagram.

    Skills to have

    The store is up and running with most procedures in place for ease of workflow. Some form of previous I.T fluency is always a great benefit. All the drop shipping products from overseas to South Africa are easy to full fill with a few clicks. We have a software programme that takes the clients info and uploads it onto the suppliers order form then we just click to pay. Then the supplier ships it directly to the client. So good customer and supplier relations is important when dealing with queries.

    Share

    MW
    Matt W.Current store owner
    I am an entrepreneur with a business degree building businesses since very young. I have a few successful businesses I am currently running. Sold my last business in the concrete manufacturing industry over a year ago and have focused a lot of time and development on Seedleme.

    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.