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  • Avg. Revenue /month
    $859USD
  • Avg. Sessions /month246
  • Avg. Profit /month
    $950USD
  • Inventory value
    $21,000USD
Description

General description

Solely Socks Inc. (o/a Solely Socks) is a premium sock brand based out of Edmonton, Alberta, Canada. It is incorporated and 100% of the shares belong to a single shareholder, the Owner. Currently sells online and in person, and wholesale to physical retail stores (shoes stores, kiosks, clothing stores.). The following assets are included in the sale: website and all registered domain names, Facebook and Instragram business accounts, all photography and logos, professional photo studio, sock design templates, hang tag design templates, all corporate records, previous tax filings through accounting firm, trade mark filings, manufacturer contact info and ordering instructions, 1000 Branded shipping boxes, Zebra thermal label printer, cash register with commercial receipt printer, 6 plastic foot mannequins, 50 branded rotating countertop display racks for retail stores, 7,200 pairs of men’s and women’s socks, customer base and contact info for prospective customers, 3 hours of coaching each month for the first 3 months, introductions to existing retail store owners, 3 year non-compete commitment from current owner.

Why should someone buy this store?

Turn key business, ready for someone to take over.

How can the future owner improve the business?

My wife and I had a baby last year, and I no longer have time to dedicate to the business. The buyer would just need to market more and have designs created once per year. This can be done through freelancing, however I made all of the current designs by using Shutter Stock, and similar licensing websites. Prior to having a kid, I easily ran this business while working a demanding full time job Monday through Friday.

What work have you put into the store?

I store all of the inventory at my house and fulfill all of my orders myself. I ship to customers by dropping off packages at any local courier location.
Time to run this business: approximately 2 hours per week
Traffic and Performance
  • Avg. Revenue /month
    $859USD
  • Avg. Sessions /month246
  • Avg. Profit /month
    $950USD
  • Inventory value
    $21,000USD
  • Profit Margin75%
  • Avg. Sales /month30
Traffic and Revenue data comes directly from Shopify and can not be edited by the seller.
Last 3 years revenue
$37,789USD
Last 3 years traffic
10,846Sessions
Expenses
  • Shopify plan
    $100USD
    /month
  • Inventory warehouse
    $5USD
    /month
  • Domain
    $2.50USD
    /month
Sale Includes
  • Physical inventory

  • Logo and branding assets

  • Social media accounts

  • Personal support after sale

  • Domain

  • Product photos

Social Media

Social followers3,500subscribers