All prices in USD
$400,000
  • Avg. revenue /month
    $5,240
  • Avg. sessions /month1,371
  • Avg. profit /month
    $1,109
  • Inventory value
    $300,000

Business Story

Why this business was started

Our majority owner came from a chemistry/process engineering background. Developing and designing complex chemical processes required him to identify and establish relationships starting with laboratory equipment and labware. He deployed processes both nationally and internationally as well as obtaining 12 US patents and additional international patents. Upon the sale of his former employer’s company, he chose to branch out on his own rather than retire. Using his contacts and knowledge, he created TN Lab Supply in 2016 to provide more reasonably priced products while still making a substantial profit.

The reason of selling this business

Our owner has decided to sell TN Lab Supply due to other engineering projects requiring his attention, time and significant travel. TN Lab Supply customers deserve the same level of service they have enjoyed. The proven concept of TN Lab Supply is too valuable and has too much increased future potential to let it die.

What's involved in running this business

maintaining inventory, fulfilling and shipping orders, ordering from suppliers, running advertising campaigns

This business was founded: almost 3 years ago
Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. revenue /month
    $5,240
    Verified
  • Avg. sessions /month1,371Verified
  • Avg. profit /month
    $1,109
  • Inventory value
    $300,000
  • Profit Margin50%
  • Avg. sales /month40
Other details about profit: We attend trade shows and have clients call us directly to place orders that are not reflected in the Shopify statistics. Therefore, our profit is calculated from our total sales and costs, not just the ones shown from Shopify. We charge 20-50% less than the big-name suppliers, which is still 150-300+% above the actual cost of the products!
Total revenue
  • $183,405
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 48,011Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $235
      /month
    • Inventory warehouse
      $500
      /month
    • Employees
      $300
      /month
    • Domain
      $20
      /year
    • paid apps
      $93
      /month
    • Facebook
      $1
      /month
    • shipping
      $300
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      brochure templates, logos, banner images, social media cover photos, advertisement graphics, etc. sent via email after sale.

    • Personal support after sale

      We will answer questions regarding sales and procurement as well as trade shows and marketing for three (3) months after the inventory is removed from our site.

    • Domain

    • Product photos

      Assets are in the Shopify admin.

    • Social media

      Total followers200subscribers

    • Suppliers

      electronically via email including contact information and products procured

    • Mailing List

      950subscribers

    Seller‘s Advice

    How to grow this business

    increase the social media postings, attend and exhibit at trade shows and conferences, offer coupons and sales for change of ownership, research new industries requiring lab supplies and offer specific products targeting thos industries

    Share

    CJ
    Christie J.Current store owner
    High quality, low prices, and outstanding customer service with fast delivery - that's our guarantee! TN Lab Supply is designed to serve clients, gain their trust, and become their one-stop-shop for lab supplies and equipment. Product offerings expand with growth and by customer needs. Plus, with an ever-expanding product line, customized kits and supplies tailored specifically to customer needs are available. We offer over 600 products and each order ships within hours.

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