- Avg. revenue /month$6,913
- Avg. sessions /month6,967
- Avg. profit /month$500
Why this business was started
We started The EV Shop 2 years ago with the intention to build a brand around Tesla accessories and a mission to offer the best accessories to current and prospective Tesla Owners. Our goal was to help owners equip their vehicle with the best accessories. While we certainly delivered on our mission, we strongly believe there's an untapped potential for the shop to capture a huge vehicle accessories market in the electric vehicle space.
The store has a large inventory of vehicle accessories for Tesla owners. Last year we did $188,237.08 with 50,000+ unique visitors to the store. Last month we did $1,132.57 in net sales and had 2,370 unique visitors to the site. That's a 27% decrease in unique visitors from the month of January and a 2% decrease in sales from the past month. Additionally, average over value decreased 54% to $141.57. This was all because we stopped running paid advertising. Gross profit margin month to month varies between 45% to 50% depending on affiliate commissions and if discounts are offered while net profit margin is 25% to 35% depending on expenses. Gross profit for the month of February was $727.60 and net profit after all store related expenses was ~$500. Expenses for the store range from $100 to $240 per month. Each month is different but generally speaking, the higher the sales for a given month, the higher the expenses. For the month of February total expenses were $250. This includes all PayPal fees, apps, services, ad spend, shipping fees, and affiliate commissions. We have a lot of optional apps and services, which you don't need to operate the store. So for the new owner, your expenses will be a lot lower.
For the month of March, as of the 24th, we are currently doing $1,314.53 in sales with a gross profit of $824.61 and net profit at ~$500.00( after all expenses are paid). This is all being achieved without running any paid advertising.
2021 Guidance: For fiscal year 2021, we are expecting to do anywhere from $12,000 to $36,000 in net sales. Additionally, the projected net profit each month will be anywhere from $0 to $1000+. Each month will be different but I expect the average do be around $500 per month. This sales assumption is based on no paid advertising and solely on sales derived from our affiliates. Nothing is set in stone and this is just a projection, so please keep that in mind.
In fiscal year 2020, the store did ~$40,000 in net profit after all expenses. The months of Nov. and Dec. are anomalies and overall sales from these past two months shouldn't be seen as a continuation in January or any successive months thereafter. I resold highly priced name brand items because of the holidays so that's why the sales were so high for those two months. In fact, sales are expected to drop over 95% for the month of January because I am no longer running Google Shopping Ads. The reason why the store was able to achieve $40k in net profit last year was because of numerous robust Google Shopping Ad campaigns along with sales from our affiliates . However, our Google Merchant Center account was suspended so we can't run Google Shopping Ads anymore. I am trying to have the suspension removed but I can't guarantee if it will be removed or not. This is partly why I have listed the store for ~$20k instead of the valuation given to us by Exchange Marketplace of over $100k. We can still run Google Search Ads, though. The other great news is that Facebook Ads were never ran along with Instagram Ads. So there is plenty of potential for you to increase the sales through those paid advertising channels. Also, you could start an eBay channel as well with all the products listed. The other thing I would recommend you do is scale the affiliate program, which I can help you do.
Therefore, in its current state if you were to do nothing after acquiring the store, you will make anywhere from -$224.16 to $1,000+ in net profit thanks to our affiliates. Each month will be different where some months you may make $100 or lower in net profit and some months you may make over $1,000+ in net profit if you sell some of the higher priced items, which carry a higher profit margin. Keep in mind that this is without running any paid advertising. Whereas, If you run Google Search Ads, start running Fb Ads, Instagram Ads, open up eBay or another marketing channel, run email marketing, and scale the affiliate program, etc. the sales volume can grow up to or above $10k-15k per month with net profit up to or exceeding $5k. Honestly, I just don't have the time nor the ad budget for it.
A note regarding returns. Our return rate is considerably low. While every month is different, our return rate from month to month is usually less than 5% of total net sales. In the sales reports that we have uploaded, you may notice a high amount in the returns section. This is because when Shopify generates sales reports, they group all refunds into the returns category without taken into account whether the order was shipped and then returned or if it was an instant refund issued by us due to a customer wanting to cancel their order or because of high risk orders that we always refund after they were placed. Since they don't differentiate between these different scenarios, all refunds get grouped together. Please be mindful of this when reading through the sales reports which we have uploaded in here.
The shop is primarily running as a dropshipping store meaning we don't mainly hold inventory at our office. Instead, we have our wholesale suppliers fulfill each order. We simply order the product from our supplier once the customer places the order, and then our supplier ships the product to the customer. There is some shipping involved, however, it accounts for less than 5% of all orders. In the case of shipping items, you will have to ship products to the customer after they arrive at your location. Overall, it's mainly ran as a semi-passive business. Ultimately, we're looking for a new owner who can devote some time to it and strategically grow the store across all of its channels. The current owner is now involved in other projects, so he doesn't have time to devote to this store anymore. The store has a lot of potential and with the right owner(s), can become another profitable business opportunity for them.
For the new owner, this an opportunity to own a truly turnkey dropshipping store where everything from the design and development has been optimized for the consumer in mind. Each element of the store has been uniquely designed and custom tailored for the highest conversions and satisfaction among brand loyal customers. The store is utilizing a premium theme; however, we have modified the theme so much that it is now truly a custom designed store from the ground up. What you see today is the culmination of a whole year worth of custom modifications to the underlying design and development. If you were to compare the original theme to what you see on our store, you would notice numerous stark differences! The store is designed in such a way that as a prospective owner, you can take it in whichever direction you wish to. You can add or remove any niche. We are simply just scratching the surface. This store has the potential for huge growth in any category!
Don't just view this as another purchase. Instead, envision this as an investment to grow an existing brand in the electric vehicle industry that is projected to reach over $1 trillion by 2030! As of April 20th, Tesla has a market cap of over $600+ billion and is valued as the largest automaker by market cap in the world beating out even Toyota Motor Corp. Just take a minute and just think out that: Tesla is worth more than all of the 6 largest automakers( Honda, Toyota, GM, Ford, VW, Daimler) combined! In the next several months, Tesla is expected to exceed a market cap of over $1 trillion+ joining the likes of Apple, Google, Microsoft, and even Amazon. By the end of 2022, it's very possible for Tesla, Inc. to be worth in excess of 2 Trillion. This is a store that is capturing market share in a growing multi-trillion dollar industry and has the potential to become a leader in the aftermarket/vehicle accessory space. Therefore, Imagine this as an opportunity to own a platform that can channel all of your current and future businesses in the growing EV industry! For the new owner(s), here's a lucrative opportunity to own a well-branded store in the automotive space and the potential to take it to new heights.
The Sale Includes:
1) Custom Designed Store( Includes Shopify Account)
2) All Brand Assets
3) Professional G-Suite Business Email
4) Premium Domain Name
5) Disclosure of Current Suppliers
6) 650+ Products
7) 15 Apps to Ensure a Seamless Customer Viewing and Buying Experience
8) All Social Media Accounts
9) All Website Content and Files
10) Growing List of Brand Loyal Affiliates
With that said, the investment opportunity for this store is $14,999.00 We believe this is a very fair price considering how much time, money, and effort went into the overall development and design for the store.
Here's how we are valuing our growing online store at $14,999.00: we are starting with the $126k valuation given to us by Exchange Marketplace. We are then discounting it by ~90%! You should receive your investment back within 3 years. However, if you grow the store's revenue and net profit over the course of the 3 years, then you could get your investment back a lot sooner. I personally believe EVs such as Teslas are expected to further increase in popularity, and are expected to attract and reach more demographics. Thus, increasing the potential for the store to capture a larger market share and attain an influx of sales. It's very possible to scale this store to $15k+ in net sales per month and $5k+ per month in net profit. Therefore, at $14,999.00 this store is a very good investment for the hungry entrepreneur or anyone with drive and ambition. It's the perfect opportunity for someone or a group of individuals to build on something that can have a very large impact not only today but more importantly, for years to come as we transition to an all electric and autonomous future.
I kindly request that you only reach out to me if you are seriously interested in purchasing this business at or around its asking price of ~$15k. The price is firm, so if you plan to make an offer below $15k, please do not reach out to me. Additionally, you must live in the USA for you to purchase this store. If you live outside of the USA, please DO NOT contact me. Lastly, No requests for partnerships or investors.
The reason of selling this business
I have started a corporate job which doesn't give me enough time to devote to this venture any longer. Also, I don't have the ad budget to scale the store to 6 to 7 figures.
What's involved in running this business
The whole store is partially automated through our wholesale suppliers, which allows you to order and fulfill products directly from them. Very minimal time is required to operate the store. Day to day operations involve fulfilling orders, and handling customer questions and/or concerns. We primarily rely on Google Ads and influencer marketing to drive targeted traffic to our store. Currently we have several YouTube influencers who are our affiliates. Every month, if an affiliate has generated any sales with their link, you will have to pay them through PayPal or another manual payment setup via Refersion, our affiliate tracking partner.
Over the past several months, we have opened up other sales channels where we are driving some traffic and conversions.
Occasionally, some products will run out of stock and the supplier won't update their inventory so you'll have to override the product with another supplier that is selling the same product. Apart from this, nothing else is required. The new owner has the potential to scale this store to over six figures in revenue or higher with Facebook Ads and Google Shopping Ads. Also, the new owner can drive additional sales through targeted e-mail marketing campaigns.
Traffic and Performance
- Avg. revenue /month$6,913Verified
- Avg. sessions /month6,967Verified
- Avg. profit /month$500
- Profit Margin30%
- Avg. sales /month5
- Shopify plan
- All Apps and G-Suite Business
- Affiliate Commissions
- Affiliate Marketing Software, Trusted Site, and Photoshop
- Business Phone Number, Wholesale Supplier Membership Renewal, Theme Support Renewal, and LLC Annual Registration Renewal
Physical inventoryNot Included
Logo and branding assetsMain logo file will be sent to you.
Personal support after saleI will personally provide 3 months of one on one support to the new owner on how to operate the business. This will include general store operations such as order fulfillment( ordering products), handing customer concerns/questions, and general marketing/ outreach efforts to grow the store. Furthermore, I will provide templates and scripts on how to engage and deal with certain situations. It will be my priority to ensure a smooth transition for the new owner and continued support over e-mail. Ultimately, my goal will be to make sure the new owner is successful with the acquisition.
Product photosYou will get them as part of the sale.
SuppliersI will provide you with all of the suppliers that I am working with for the store.
How to grow this business
We have barely scratched the surface of what can be achieved with this store. The store's sales can be grown exponentially by starting Facebook Ads, Instagram Ads, and scaling Google Ads. Currently, we are driving traffic and sales from Google Search Ads and several influencers as our affiliates. In fact, Facebook Ads were never ran on this store, so the potential for long term growth is very promising. Furthermore, implementing different marketing channels such as eBay and Bonanza can result in more sales. Additionally, more sales can be driven through e-mail marketing, social media marketing through daily Instagram and Facebook posts, and through scaling the affiliate program. We haven't spent time with these, so the opportunity to develop these channels and drive converting traffic is limitless.
Skills to have
If you plan to grow the store through paid advertising such as Facebook Ads or Google Ads, it would be helpful to learn how either ad platform works. Since we mainly generate sales from our affiliates, we never needed to run Facebook Ads. However, if you plan to scale this store to 6 figures or higher in recurring monthly gross revenue, learning Facebook Ads would be helpful. With that said, it isn't required as it can always be outsourced to an agency or a third party that can run ads for you.
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
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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.