- Avg. revenue /month$2,576
- Avg. sessions /month1,681
- Avg. profit /month$1,120
- Inventory value$24,000
Why this business was started
We are two professional people who wanted to take on a side hustle project in our spare time, which we’ve grown into a successful business. This was our first project so we were highly motivated and dedicated. The fact that we never let go of it in 5 years says it all.
We saw this online store as a great way to start up an ecommerce venture with minimal overheads that could be both profitable and scalable.
We saw the huge potential of setting up an online vape store in Australia. Although it caters to a niche customer base, there’s limited competition in the Australian market, and we believed we had the professionalism and maturity to set ourselves apart and offer an excellent customer experience.
We first set up this business when there was an initial groundswell of people transitioning away from traditional smoking and using vaping to help kick that nasty habit and take control of their lives. Since then the number of people switching to vaping has increased dramatically, with vaping becoming a much more mainstream and acceptable alternative to traditional smoking.
All our lives we've loved creating beautiful and tasty food and sharing them with our people. We wanted to create vape juice recipes that capture the full flavour experience you get when enjoying truly fabulous food, so we developed our own in-house premium vape juice range. The business sale includes these juice recipes, product label artwork and promotional images.
This business has high potential and a customer base that continues to grow.
The reason of selling this business
We’ve put our heart and soul into growing Vape Bureau while maintaining our demanding day jobs, and we’re ready to move on to our next business opportunity.
This business traded well throughout COVID-19 and the last 12 months have really cemented our local and loyal customer base. We’ve grown this business as far as we can whilst juggling other projects and our day jobs.
This was our first ecommerce venture and although we’ve had fun, learned a lot and enjoyed the ride, it’s time for some new energy and enthusiasm to take this business to the next level.
The website has great functionality and this business has great expansion potential.
What's involved in running this business
Key tasks to run this business are fulfilling customer orders, providing after sales support to customers, ordering stock from suppliers, researching new release products to stock, maintaining and refreshing the website as needed and running marketing campaigns.
Traffic and Performance
- Avg. revenue /month$2,576Verified
- Avg. sessions /month1,681Verified
- Avg. profit /month$1,120
- Inventory value$24,000
- Profit Margin23%
- Avg. sales /month130
- Shopify plan
- Inventory warehouse
- Shopify transaction fees
- Gmail email account (5 email accounts) and Google Drive for file storage
- Additional domains (vapebureau.com & vapebureau.co.nz)
Logo and branding assetsAll logo and image files will transferred via Google Drive
Personal support after saleWe will provide technical website support via email and/or remote desktop login support for 3 months to help you settle in. As we both have day jobs, we will respond to critical queries within 24 hours and respond to general queries within 48 hours.
Product photosAll product image files are located within the website theme and will be transferred via Google Drive. The business sale includes in-house juice recipes, artwork for product labels (10ml , 60ml & 120ml sizes) and high resolution promotional images, which will all be transferred via Google Drive.
SuppliersEstablished local and international supplier relationships. We will provide list of suppliers, accounts and contact details.
How to grow this business
The main thing needed to grow this business and take it to the next level is energy. Here are some suggestions to help: • We’ve secured 3 prominent domains to expand the business globally - vapebureau.com and vapebureau.co.nz are currently redirected to www.vapebureau.com.au • The business model is scaleable and could be franchised to achieve more brand saturation throughout Australia and enable stronger buying power with suppliers • Regular campaign marketing to reach out the current 4,300+ customer base • Social marketplaces are the dominant tools to drive traffic and conversion rates, we’ve secured Facebook and Instagram channels which can be developed much further • Expand to other social platforms like Pinterest and Google Remarketing • Build on the 1,000+ SEO keyword already embedded in the site • Expand vape hardware range to offer new release products • Expand vape juice range to offer more local and international juice brands • Promote strong marketing in-house premium juice range (sale comes with all intellectual property - juice recipes, product label artwork and promotional images) • Contact local & international vape juice distributors to stock the in-house premium juice range (essentially sell this product to local and international vape retailers) • Open up additional payment gateways, such as credit cards, Apple Pay etc which is easily done via the current Shopify Plan • Offer buy-now pay later payment options, such as Zipay, Afterpay etc • It’s important to stay on top of the site’s SEO, which you can learn yourself or outsource to someone else • We've build this business by driving organic traffic, without paying for advertising. There is huge potential for growth by activating any of these additional strategies
Skills to have
To realise the potential of this business you will need to have strong social and marketing campaign skills, or be willing to outsource this to an expert. It’s important to focus on great customer service and after sale support, which requires an understanding of vaping and use of electronic cigarettes.
You don’t need to be a coding genius to manage this site. It comes with two premium themes from Out of The Sandbox that have great functionality and many unique features for you to explore which are very intuitive and easy to use.
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.