All prices in USD
$49,000
  • Avg. revenue /month
    $4,810
  • Avg. sessions /month2,917
  • Avg. profit /month
    $3,000
  • Inventory value
    $60,000

Description

General description

The Garwood is a wood watch ecommerce business established in Los Angeles, CA. in January 2014 on Squarespace and transisted to Shopify in April 2017. See detailed descriptions for more explanation on the data.

As one of the first wood watch brands in the United States we designed our styles to stand out and be "conversation starting" timepieces. A proven concept many of our fans will attest to. We have gained a large social media following and mentions in publications such as British GQ and Esquire. We have an ongoing collaboration with Green Bay Packers Wide Receiver Davante Adams, who has designed 2 styles for The Garwood and we have managed to diversify our collection to feature square and round styles for both men and women.

We wish to sell to the right person or team as we are moving into other industries and looking for someone to take care of our baby.

Please note that all marketing was seized per January 1, 2018, due to the sale. We pushed a small Father Day campaign in June which reflects in the sales peak below.

Why should someone buy this store?

Excellent gross profit margins (70%).

Included inventory represents a higher value (SRP) than our asking price.

Worldwide sales.

Proven concept (revenue since launch in 2014: $900,000).

Positive reviews from happy customers.

Large social media following (40.000 between IG and FB).

The new owner should be someone with marketing skills that is able to drive quality traffic and take The Garwood to the next level.

How can the future owner improve the business?

Effective marketing.

Drive quality traffic.

Expand inventory selection.

Manage affiliate program (100 verified affiliates on own platform).

What work have you put into the store?

Professional design, packaging, images & film.

Well functioning, Search Engine Optimized website.

Professional AdWords campaigns to build on.

SoMe retargeting campaigns to build on.

Large IG and FB followings.

Transferable relationships with manufacturer and fulfillment partner.

Since its inception in 2014, The Garwood has been a side project for a friend and I. We have generated a good amount of revenue over the years ($900,000) but also realize that we have not given The Garwood the attention it deserves over the past year. And since we are moving into other industries that require our undivided attention, we wish to sell the business to someone who has the desire to make the business thrive again.

We have optimized and perfected the products over the years and gone through the mandatory ups and downs of launching a brand new product, placing the business in a good position for someone new to take over. We are of course happy to share all these learnings with the new owner.

Traffic and Performance

  • Avg. revenue /month
    $4,810
    Verified
  • Avg. sessions /month2,917Verified
  • Avg. profit /month
    $3,000
  • Inventory value
    $60,000
  • Profit Margin70%
  • Avg. sales /month100

Other details about profit: Revenue since launch (2014-2017): $900,000 Revenue 2017: $112,000 Squarespace Jan - Mar 2017: $30,000 Shopify Apr - Dec 2017: $60,000 Amazon (FBA) Jan - Dec 2017: $22,000 (Amazon store included in sale) Lack of profit over the past 12 months is due to ineffective marketing efforts through third party vendors. These efforts have been eliminated and we are of course happy to share our learnings with the new owner.

Total revenue
  • $110,635
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 67,112Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $90
      /month
    • Inventory warehouse
      $200
      /month
    • Domain
      $50
      /year

    Sale Includes

    • Physical inventory
    • Logo and branding assets
    • Personal support after sale
    • Domain
    • Product photos
    • Suppliers
    • Mailing listNot Included
    • Social Media
      Total followers40,000subscribers

    Share

    MG
    Michael G.Running this business for almost 2 years
    The Garwood was created in 2014 by friends Michael Garwood (American, age 43) and Morten Sorensen (Danish, age 35) when they both lived in Los Angeles. Michael being a full time recruiter and Morten working as a freelance graphic designer, The Garwood was their first online venture together. Morten has since moved back to Denmark to establish another business venture. Michael still lives in the United States and focuses solely on his thriving recruitment business.

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