- Avg. revenue /month$95
- Avg. sessions /month195
- Avg. profit /month$1
- Inventory value$60,500
Why this business was started
In the past, I've tried to keep my toolbox organized with foam liners that I cut by hand. Using an X-Acto blade, it took me hours and the results were often choppy at best. Pick n Pluck foam tried to solve the problem but you are left with a Minecraft looking block of your tool area. It's the year 2020 and there has to be a better way?
As a mechanical engineer, I set out to prove that custom foam inserts could be made affordably and easily just by taking a photo! Using the latest in automated software and precision cutting lasers, I developed a process that allows everyday people and businesses to create affordable inserts that perfectly outline their workspace. Tool boxes, kitchen drawers, product packaging, and displays cases are all areas where TraceMySpace brings order to chaos with just a photo!
The reason of selling this business
I own and operate other businesses and don't have the time necessary to fully devote to growing and expanding this concept.
What's involved in running this business
Work with identified marketing agency to run targeted ads Fulfill orders (convert images, cut foam, ship foam) Replenish raw materials (foam inserts) Identify key influencers to help build brand awareness
Traffic and Performance
- Avg. revenue /month$95Verified
- Avg. sessions /month195Verified
- Avg. profit /month$1
- Inventory value$60,500
- Profit Margin45%
- Avg. sales /month2
- Shopify plan
- Inventory warehouse
- Corel Draw
Logo and branding assetsAsset Cost Breakdown: -Laser and accessories: $45,000 -Website: $4,000 -Videos: $8,000 -Misc equipment, exhaust fan, PC, cutters, etc. :$3,000 -Foam Inventory: $500 Google Drive contains: - Logo in various formats - Videos (Explainer, Intro, FAQ, etc) - Photos (Lifestyle, how to, etc)
Personal support after saleI want to see this concept succeed and will help new owner towards that goal. 1 week of full time support. (onsite or phone depending on preference) 2-6 months telephone support
Product photosGoogle Drive
SuppliersAsset Cost Breakdown: -Laser and accessories: $45,000 -Website: $4,000 -Videos: $8,000 -Misc equipment, exhaust fan, PC, cutters, etc. :$3,000 -Foam Inventory: $500
Mailing ListNot Included
How to grow this business
YEAR 1: - Learn more about customers wants. Sell direct to end users and listen intently. - Launch FaceBook, IG, and possible YouTube ads (Marketing Agency in place) - Test selling to a few smaller manufacturing brands i.e. SnapOn - Determine most profitable verticals (tool boxes, gun cases, parts kits, kitchen drawers, etc) and focus on 1-2
YEAR 2-3 - Continue to refine the top 1-2 vertical markets from info gathered in first year - Build market brand recognition as TMS a leader in inserts for that market - Invest in outside sales and trade shows to target key verticals
YEAR 4-5 - Vertical markets are well identified along with key customer base - Increase marketing/production as owner sees fit
Grow large or keep it small, we believe this business has many options depending on growth path of new owner.
Skills to have
- Passion about organizing
- Detail oriented
- Experience in Adobe Illustrator or CorelDraw (helpful but not required)
- Enjoys the excitement and risk of launching a new concept in an established market.
- Willingness to work hard and listen closely to customer requirements.
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.