All prices in USD
  • Avg. revenue /month
    $7,337
  • Avg. sessions /month6,248
  • Avg. profit /month
    $2,000

Business Story

Why this business was started

I took this business off of someone else's hands who was just setting it up so I could test my Facebook Ads skills. It's been a good experience and I think this could be rolled into a private label brand to release your own fishing lures. Fishing is a great niche and has a raving fan-base of millions world-wide. Note that the "hot" month's are through the spring-summer.

The reason of selling this business

I have decided to sell The Tackle King to focus on my agency work, I have setup sales pipelines that are bringing in more clients than I can keep up with. I think this would be a great business to private label at some point as there is plenty of room in the margins. I hate to sell this store as it has been a good experience and made some good money. Over $10,000 profit in a matter of 3 months.

Unfortunately, my attention is needed elsewhere at the time being and I don't have the time to rebuild the ad account since the first one has been permanently disabled since it was associated with a business manager that was shut down from the original owner.

What's involved in running this business

This business is pretty hands off as long as you are skilled in FB Ads. I would recommend to hire someone on Upwork with a proven history to take the store and run with it so you can be 100% hands off. Really, the time it takes to manage this business is only 1-2 hours per day. You will need to spend some time going over the ads, fulfilling orders, and replying to customer emails.

***Please note that the ad account only includes data for the past two weeks when we were not running profitably due to having to start from scratch. The original ad account that most of the revenue was made from was disabled by Facebook with no given reason. The products are good, the brand is good, the niche is good, someone with good Facebook ads knowledge just needs to rebuild the ad account.

This business was founded: 6 months ago
Time to run this business: approximately 8 hours per week

Traffic and Performance

  • Avg. revenue /month
    $7,337
    Verified
  • Avg. sessions /month6,248Verified
  • Avg. profit /month
    $2,000
  • Profit Margin25%
  • Avg. sales /month250
Other details about profit: This store has been given a valuation of $30,600 by Shopify. This niche is highly profitable, with great profit margins on our top products. Our overall margins were a bit low at around 25% due to heavily investing in initial data. Along with the email list you should be able to see 30%+ profit margins which is great for a drop-shipping store. I have attached screenshots of the Shopify dashboard.
Total revenue
  • $44,025
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 37,489Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $30
      /month
    • Employees
      $5
      /month
    • Domain
      $60
      /year
    • Facebook Ads
      $3,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      All social media content and logos will be transferred.
    • Personal support after sale

      I will provide support for 1 week after the sale to answer any questions you may have. I can not give you guidance on Facebook Ads as I mentioned above, the ad account will need to be rebuilt since the original one was disabled.
    • Domain

    • Product photos

      All product photos on the site will be transferred to buyers ownership.
    • Social media

      Total followers2,000subscribers
    • Suppliers

      Not Included
    • Mailing List

      1,500subscribers

    Seller‘s Advice

    How to grow this business

    Over the next five years the optimal growth strategy would be to transition into private labeling and eventually a subscription based service. A great idea for recurring revenue would be to create a subscription box which is sent out to customers each month, this would be highly profitable once the existing customer is acquired.

    Skills to have

    As long as the new owner has a general understanding of the drop shipping model and a strong understanding of FB Ads and they will be set. Otherwise, you can hire someone on Upwork to take care of the ads for you.

    Share

    DG
    Devyn G.Current store owner
    I am a 20 year old with a knack for digital marketing. I run a social media marketing agency and use Shopify stores as a great source of passive income.

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