- Avg. revenue /month$11,075
- Avg. sessions /month8,758
- Avg. profit /month$1,030
- Inventory value$62,000
Why this business was started
The company was founded in May of 2016 and subsequently purchased from the original owners in in July 2017 by Cameron Christian.
I spent 25 years in corporate marketing for large telecom firms. After our 15th move in 15 years we decided not to relocate again from LA to the East Coast. It was at that point I decided to change careers and become a full-time entrepreneur. Instead of growing something from scratch, which can be extremely time and capital intensive, we decided to purchase an existing, operating business. We purchased the business from the prior owners in July of 2017. TechSMRT was a smaller, neglected brand / division of the overall company. Although an opportunity exists to meaningfully grow TechSMRT, the owners are focusing their time and energy on the other, larger, portion of the original acquisition ([REDACTED]).
In the last 24-Months, TechSMRT has not created a meaningful amount of traffic or sales due exclusively to the owner’s time demands on other businesses. TechSMRT could really be something, with the right owner delivering care and feeding of the company’s marketing message and operating philosophy.
The reason of selling this business
The company has another business entering a meaningfully large market. Management is prioritizing available time and capital on this other business.
What's involved in running this business
Daily operations include ordering inventory from suppliers, managing product listings within Shopify, fulfilling orders and managing customer service including returns and exchanges. Marketing activities include building and maintaining content for online advertising platforms and social networks. These activities require 1-2 hours daily for 4-5 days per week.
Traffic and Performance
- Avg. revenue /month$11,075Verified
- Avg. sessions /month8,758Verified
- Avg. profit /month$1,030
- Inventory value$62,000
- Profit Margin40%
- Avg. sales /month290
- Shopify plan
- Inventory warehouse
Logo and branding assetsLogo and brand assets are several gigabytes in size. The assets will be transferred via a file sharing platform upon request.
Personal support after saleThe company understands it is in both the buyers and sellers’ best interest for a smooth transition. Key operating managers will be available for a reasonable transition period and will assist in a smooth transfer of the firm’s subscribers and operations. Understanding the duration is very dependent on the nature and plans of the buyer, the company would expect migration activities could be substantially complete in 30-days from closing.
Product photosProduct photos are several gigabytes in size. The assets will be transferred via a file sharing platform upon request.
SuppliersWarm introductions to all suppliers will be provided at closing.
How to grow this business
If the current management was able to provide focus on TechSMRT, we would engage the following strategies and tactics:
Expand product portfolio into new models of iPhone battery cases and accessories, Samsung Galaxy battery cases and accessories, and a series of meaningful Halo style technology products to drive traffic.
Expand into new markets – the company would expand into new geographies including Canada, Western Europe, and Australia.
Expand into new online platforms – the company would expand to new online platforms including Amazon both in the US and internationally, along with e-bay and other new retail focused platforms including Faire and dropshipping platforms like F.13 Works (ProductPro), dropcommerce and spocket. The mobile phone accessory market is extremely large: Mobile Phone Accessories Market Expected to Reach $255,149 Million by 2023 There is substantial competition in the mobile phone accessory market, but also meaningful opportunities to create mid-margin sales at high volume. The new owner should be comfortable with current technology including the basics of office productivity applications and supporting the requirements of online platforms including loading inventory and creating & managing marketing assets.
Skills to have
A real opportunity for growth will require the new owner have a comprehensive understanding of market segmentation and building creative for online marketing platforms including facebook, google adwords, Bing and Adroll, among others.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
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.