- Avg. revenue /month$3,049
- Avg. sessions /month2,878
- Avg. profit /month$2,000
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.
Traffic and Performance
- Avg. revenue /month$3,049Verified
- Avg. sessions /month2,878Verified
- Avg. profit /month$2,000
- Profit Margin25%
- Avg. sales /month250
- Shopify plan
- Facebook Ads
Physical inventoryNot Included
Logo and branding assetsAll social media content and logos will be transferred.
Personal support after saleI 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.
Product photosAll product photos on the site will be transferred to buyers ownership.
Social mediaTotal followers2,000subscribers
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.
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.