- Avg. revenue /month$233
- Avg. sessions /month261
- Avg. profit /month$50
- Inventory value$1,800
Why this business was started
I created the business in 2013 and started building the concept around wine to get an E2 visa. I moved from France to the US and launched the website on January 2016 when I obtained said working visa and in parallel I started providing with wine education. I started the FBA with Amazon to dedicate more time to the wine education, however the website can work well if one spend proper time in the right marketing and fining the shipping.
The reason of selling this business
Other opportunities came along and for family health issues I had to move out of the US. I let the site dormant for some time, in October 2018 a friend in Miami offered to handle the shipping so I re-opened but now this person has a full time job so barely time to manage the e-commerce.
What's involved in running this business
It's really curate wine related products and accessories for the 110M wine lovers in the US, handling inventory and shipping, or through Amazon FBA.
Winestoree is an online store owned by Odile Charny under a Limited Liability Company located in Miami Florida. I opened the business in Q4 2015 but have been planning and working on the concept and website since 2013 while I was in France, at the very start-up phase. Visits are also organic as we distributed logo-ed wine glasses in festivals, published ads on Miami magazines like Indulge and Palette (bundle), CBS4News, Pinterest, Facebook and Instagram drive organic visitors.
Why should someone buy this store?
The online store's style is classy, sells accessories for wine lovers. Even if it talks to female wine lovers the male visitors look for accessories, wine and wine events. The site just needs to make some tweaks to make it profitable, like dropshipping True, Pulltex, Atelier du Vin, Torchons & Bouchons, etc. The inventory is properly stored in Miami and the rest was sold through Amazon FBA.
How can the future owner improve the business?
Like any business it took 1.5 and half years to get consistent visits and organic visitors. Ranking is good but certainly there is room to make more improvements in what the SEO and photos is concerned.
What work have you put into the store?
The work put in store is listed as follows: A blog, SEO improvements, linking analytics, linking every picture on Pinterest to the website and other social media, constantly working on proper product images the linen's are the supplier's in France. For what the inventory is concerned: the wine posters (varietals, colors and aromas), the linen i.e., kitchen towels and aprons) and supplies (tubes for shipping posters, logo-ed bags and silk paper) are included in the website's sales price. I can give training and help for 3-6 months to hand over.
Traffic and Performance
- Avg. revenue /month$233Verified
- Avg. sessions /month261Verified
- Avg. profit /month$50
- Inventory value$1,800
- Profit Margin20%
- Avg. sales /month3
- Shopify plan
- Inventory warehouse
Logo and branding assetsThe transfer includes: Website, domain, inventory, supplies, stationary, diferent formats of logos, social media accounts: FACEBOOK INSTAGRAM LINKEDIN PINTEREST TWITTER
Personal support after sale3 to 6 months of assistance for: learning, managing, transferring via zoom. Set up a dropbox to transfer all the documents, invetory files, pictures, promotional planning, spreadsheets and tools to automate the website.
Product photosAll pictures will be transferred through a cloud.
How to grow this business
eMarketing and time on Social Media, better planning, and better targeting the customers.
Skills to have
Like any other e-commerce, eMarketing and automate social media publishing. Setting the shipping options and for sure curating wine related products and consider drop shipping.
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.