MENS JEWELRY MAJESTICVUE
The purshase of this store will need the new owner to think as a CEO rather than some quick money making, this is a Brand that has potential of reaching more than the sky, it has been set up carefully and professionally* The story of your business. Why did you decide to start the business and how long have you been running it? We started the brand in July 2017 due to the monopoly running in the industry of male hip hop accessories, we have been running it since then. Our aim what to provide the highest quality possible for the lowest price possible. However, later on we discovered that a good manufacture relationship is need which we established later on. Putting everything together, our long term goal is to create a new genre of accessories where minimalism accessories for male & female meet with hiphop accessories. So far we have been running it since July 2017 with couple months where revenue decreased as we turned off all our FB advertising and we let our reoccurring customers return to purshase or acquiring customers from our registred mailing list.
What's included in the sale? Aside from the store itself, are there social media accounts, inventory or domains that will be included? Everything is included in the sale from the store to the social media accounts. Including, our high valued the FB pixels & advertising account also instagram account and other social media account as twitter .. Our Facebook Page is Verified.
Describe the business model. Do you drop ship or hold the inventory yourself? What work have you already put into creating the business? The store started as dropshipping in early July-October 2017. Due to the success we started providing higher quality items straight from our manufacturer. Our Warehouse in Midlands UK receives the stock as inventory is tracked aswell, which he then sends it packaged accordingly with our branded logo and giving it a special treat, then it arrives to our customer. The shipping is quiet fast max 15 days internationally as service used is Royal Mail or DHL according to customer choice. There is still around 500 branded packaging with our manufacturer in Hong Kong which he can ship out items once you buy the store. They will indeed package as we agreed with them just before we moved to the warehouse in the UK. The only drawback to that is long waiting times of up to 20 days for delivery. However the new owner should set up their own warehouse relationship, as our warehouse contract is not included in the sell but the inventory is. What we can do is connect them to an easy setup warehouse near to them or even our warehouse company.
What have you done to attract customers? Here you can describe your store's marketing strategies ie. advertising campaigns, relationships with social media influencers, or successful email campaigns. We attracted customers mainly from social media advertising (fb ads), however we have indeed done one influencers campaign with an influencer with 10K Followers which resulted in a professional video and few sales here and there.
New owner should use our 25K mailing lists more regularly as we barely do except for abandoned carts/orders. We also suggest to hire a Google Adsense freelancers (100-150$/m) to advertising more on Google Adsense for organic traffic while implementing a better SEO. Our next strategy if we were not to sell the store it will be influencer marketing, we have an offer from an agency which owns 6/7 top pages with 1 million followers minimum each for a 24 hours post for $500 for all the pages. Such type of posting is good, however we would still recommend contacting influencers to advertise products which they don't require any monetary value but more of a product to them for free which is usually a better return on investment. as if it's not successfully then you end up with well taken pictures with our packaging and jewelry.
What is your cost of customer acquisition? FB Advertising customer acquisition average in $15 but this can go as low as $11/purshase with a non limited advertising strategy. forgot to add Our FB advertising spending is usually fixed to $11'000 per month and this is due to the volumes of orders we are able to process and communications we are able to respond to. Typical stores spend up to $70'000 per month per FB advertising, so adding more advertising strategies as Google Ads and a better e-mail marketing which can all be set up with a freelancer from upwork fro as little as $50/month, will easily hike the revenue to minimum $1 million. However we will be including a 3 months full support from myself and my VA to helping you and guiding you to the process in case you want to, even though we would prefer if we help you set up with a warehouse then you can rest assured as everything is automated except coming up with new items and so one which can be done by hiring any staff
Do you have recurring customers? Yes Why are you selling the business? We are selling the business due to personal reasons, nothing having to do with the business. First reason is that I am relocating as we are moving to Asia and will be starting a physical Fintech business by funds generated from this brands profit. This business is laterally our Baby we really would like a new owner who is looking first for providing high quality items and looking into creating the next big jewelry brand, then of course an excellent return on investment.
We could still be fair in negotiating.
Financials and traffic
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