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$50,000 USD

Straight Pin Studio

straightpinstudiola.com

Appears in Health and beauty , California, United States, Established stores, Large Business, Retail Stores, Inventory, Highly Profitable businesses, Business and Franchises under $50,000

General description

Straight Pin Studio was started in August 2014 by an award-winning, celebrity stylist and a professional beauty sales and marketing executive. It was born from the need of trying to keep tiny hair items like bobby pins, hair ties and clips organized and in one place. Hairstylists need to keep their tools clean and organized. So we created the perfect little kit to fill this need and it was a hit!
It got the attention of, and orders from, stores like Urban Outfitters, American Eagle, and Restoration Hardware. Celebrity stylists and women from all over were clamoring for this compact, sturdy and stylish kit that could contain all of those tiny hair accessories. It's small enough to take on set, throw in an overnight bag or even a purse.
This is a turn-key business that includes trademark, domain, physical inventory, social media channels and followers, e-mail lists, past and current wholesale contacts and customer lists.
This is a great business, as-is, for someone who can give it more attention. And an even greater business for someone who sees the potential to take it to a consumer audience that could generate millions.
We have no outstanding debts on the business. This will be a clean sale.

Financials and traffic

We used to sell a few higher ticket items and they only had a 30% profit margin. Some were slow movers. Once we sold them we did not replace them.

Average profit/month

$1,400 USD

Average overall profit margin

65%

Average number of sales/month

12

Value of inventory

$15,000 USD

Lifetime revenue

$62,035.00 USD

Lifetime traffic

22,607 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

Expense item

Cost

Shopify plan

$35.00/month

Subscriptions (ie. Mailchimp, apps)

$12.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$1.00/month

Inventory warehouse

$1.00/month

Domain

$1.00/month

Inventory

We do not pay warehouse fees.

Located in Long Beach, CA

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

Facebook

straightpinla

Instagram

straightpinla

Pinterest

straightpinla

Twitter

straightpinla

Mailing list

400 subscribers

Social media followers

10,700 people

Q & A

Why should someone buy this store?

Straight Pin Studio has built a great reputation in the professional beauty industry and we have relationships with many large capacity buyers. It has the potential to generate revenue into the millions as a consumer product. It is turn-key and a great brand to add line extensions to.
There is also a care factor built into our business. The fulfillment house we use has a work-program for special needs adults with autism and downs syndrome. The program gives them a sense of independence, income and confidence all while learning a skill.

How can the future owner improve the business?

The future owner can give it more time and attention with sales and marketing. The brand has a good customer foundation and is trusted in the beauty industry. It will be easy for someone to grow it to the next level.

What work have you put into the store?

We have built the brand and grown it from idea to inception. We have sourced all of the products, have broker relationships, built wholesale relationships, created brand identity, built a social media following, built the site, cross promoted with major hair care companies, own the trademark and have set up the fulfillment house.

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

10 hours

$50,000 USD

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