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$19,000 USD

The Gold Mind

shopgoldmind.com

Appears in Fashion and apparel , United States, Ohio, Inventory, Jewelry, Business and Franchises under $20,000, Medium Business, Highly Profitable businesses

General description

*Around 100k IN INVENTORY VALUE!!! *

Fast growing trendy jewelry shop that has done around $10k in online revenue in only 6 months with huge profit margins and very little time or effort. Very good and quick responsive suppliers that will work with you on anything you need.

Many opportunities available to grow and expand business according to owners' liking. The foundation for the business has been put in place!

OWNER IS LOOKING TO SELL BECAUSE OF LACK OF AVAILABLE TIME DUE TO OTHER VENTURES AND A AGREED BREAK UP OF EXISTING PARTNERS WHO WILL BE MOVING AWAY FROM EACH OTHER

  • VERY HIGH PROFIT MARGINS ON ALL PRODUCTS! ~80%
  • Inexpensive Shipping Costs
  • Vast Inventory that will be given with business
  • Opportunities for massive expansion with the right owner
  • Ability to offer a variety of different materials and options to customers
  • Ability to design and create any type of products you want
  • Catchy brand name and logo that has already raised much awareness

Financials and traffic

Profit margins are extremely high! Majority of the products have a cost of $5-$15 and sell for $75+! Also many products are sold in bundles. You can also offer solid gold and other options that have even bigger profit margins!

Average profit/month

$1,100 USD

Average overall profit margin

80%

Average number of sales/month

10

Value of inventory

$100,000 USD

Lifetime revenue

$8,697.00 USD

Lifetime traffic

23,343 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

Advertising costs will vary based on owner of store. Someone who better understands marketing and advertising will have much more success. The sky is really the limit with this company.

Expense item

Cost

Shopify plan

$30.00/month

Subscriptions (ie. Mailchimp, apps)

$5.00/month

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

$200.00/month

Inventory warehouse

$1.00/month

Domain

$1.00/month

Inventory

Everything from all jewelry to packaging and shipping supplies are available!

Located in Akron

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

thegoldmindshop

Instagram

thegoldmindshop

Mailing list

200 subscribers

Social media followers

10,000 people

Q & A

Why should someone buy this store?

Very high profit margins with the chance for massive expansion under the right owner. Already have created large awareness among users in a short period of time. A great selection of products that can be expanded on based on the liking of the new owner.

This is a great company that is being dissolved due to conflicts with the owners and lack of time to put into venture.

WELL OVER $150K IN INVENTORY VALUE

How can the future owner improve the business?

Great marketing plan and trendy design ideas. Use influencers and great content marketing. Great fast growing business that just needs someone who can put the time in for marketing and new designs.

What work have you put into the store?

Much work has been put into this store and the foundation is perfectly set for the right owner. Suppliers are communicated with over WhatsApp and can be easily transferred over to the new owner with no problem. Smooth transition available with this shop. It really couldn't be a better trade-off.

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

15 hours

$19,000 USD

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Store images

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