- Avg. revenue /month$3,784
- Avg. sessions /month4,317
- Avg. profit /month$1
- Inventory value$2,500
Why this business was started
This business has so much potential. Brides want to buy online, & try on accessories in the comfort of their own home. Currently they have the choice of very cheap looking stuff on ebay, or very expensive items on a few small niche websites, or from bridal shops with huge mark ups. I saw a gap in the market. There is a very big profit margin to be made on bridal accessories which can be bought for a few dollars from China, and if packaged nicely, and marketed correctly, can be sold for a very good profit online, without the middle man of bridal shops. For example, the robes which brides often buy to wear for hen weekends, and on the morning of the wedding. Also the fur wraps that brides wear in Winter, also a good seller. This is our own product range, as the market didn't have a great one in the UK. There is potential to do the same with veils, hair wires, head bands, flower crowns, wedding jewellery, bridesmaid gifts, venue decorations, and so many other areas. But this requires time and money which I simply don't have with my current commitments.
The reason of selling this business
Because I don't have the time or money that it requires. Since October 2018, I have had to put the business aside due to other commitments, and apart from sending out parcels, the odd conversation once a month with current suppliers, and a few minutes a week adjusting the Adwords, I have had to let it run itself. Now the business is on Pause.
What's involved in running this business
2 or 3 hours a week sending out parcels. 1 /2 hours a month reordering from existing suppliers 15 minutes a week on Google Adwords A future owner though would want to spend much more time developing new product lines, and working on the marketing, in order to grow the business
Traffic and Performance
- Avg. revenue /month$3,784Verified
- Avg. sessions /month4,317Verified
- Avg. profit /month$1
- Inventory value$2,500
- Profit Margin30%
- Avg. sales /month1,081
- Shopify plan
- Inventory warehouse
- Apps - Blog Studio, Stamped.io, Wholesale pricing. Though this last one should have been cancelled some time ago, so it is actually $46
- Google Adwords
- postage and packaging
Logo and branding assetsIncludes everything on the site regards logos etc
Personal support after saleCan provide a very strong handover on how to work Adwords, introduction to suppliers who we have built very good realtionships with over many years, marketing potential on other social media, ideas for other marketing on wedding blogs which I have not had time to do, but my know ledge base is very strong on the industry. For one month.
Product photosAll original files available, we had all these photos taken ourselves for each individual product.
SuppliersStrong relationships with 3 main suppliers, developed over many years. Also good relationships with another 4/5 suppliers, all since 2016. Can introduce you to them all.
Mailing ListNot Included
How to grow this business
I would invest in new product lines, and spend time on marketing on social media. Sales come from Google Adwords, but there is so much untapped potential through FB/Instagram etc. Plus through editorial promotion on wedding blogs. Would be very easy to build this business, it just requires some money and a lot of loving care and attention, time that I sadly don't have.
Skills to have
Not particularly. just a passion for all things bridal, and a desire to find products that really brides are looking for. A knowledge of marketing in the social media arena would make the job easier.
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.