$80,000 USD

Private listing #559143

Appears in Electronics and gadgets , Established stores, Business and Franchises under $100,000, Private listings, Inventory, Canada, British Columbia

General description

This is an established audio focused business. It operates as part drop-ship and part warehoused goods. Most items can be ordered to our warehouse and shipped (cross-dock) so you don't have to carry a lot of stock. The rest is drop-shipped and we hold a small amount in the warehouse. We only dropship from distributors in Canada - we do not use Oberlo or dropship from overseas. Orders are delivered within 1-3 days on average.

Operating only in Canada we have agreements in place to be a dealer of various high end brands. Operating since May 2014.

The shopify figures shown are only since September 2017. Total annual sales for 2017 year were around $125,000 CAD

Happy to remain involved in business for cross over. Will provide historical order information pre-shopify also. Will transfer website, adwords, social media, mailchimp to new owner. Will also provide documentation on each and every process needed to run things, it's really not a lot as most of it has been automated as much as I can - including order fulfilment etc.

I spend about 8 hours a week on the site. Someone with more time can really build this. An appreciation for personal audio equipment a bonus for you.

You'll need to have a Canadian business (either personal self-employed business or registered incorporated is fine). Cannot ship most products outside Canada.

You get $30+K worth of stock with the business. You can continue to use the warehouse and fulfilment services set up in Toronto.

Financials and traffic

Average profit/month

$2,000 USD

Average overall profit margin

15%

Average number of sales/month

40

Value of inventory

$30,000 USD

Unlock all listing data

Sign up to gain free access to verified traffic and revenue data for all listings on Exchange.

Sign up

Business Expenses

Expense item

Cost

Shopify plan

$100.00/month

Subscriptions (ie. Mailchimp, apps)

$50.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$1,000.00/month

Inventory warehouse

$500.00/month

Domain

$1.00/month

Inventory

Located in Toronto

Willing to ship inventory

Willing to transfer relationships with suppliers

Sales and marketing

Marketing strategies

SEO (Google traffic)

Email campaigns

Online selling methods

Online Store

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Newsletter list

2,005 subscribers

Social media followers

200 people

Features

Theme

launchpad-star – $180 value

Products

253 products

Apps

60fca9c7f3400ddd43004e94b1355691

Product Reviews

A06a73791138d8d7f2ef1d0d2c918e64

MailChimp for Shopify

141fca8b1645b7bb88153afff62cb14c

Google Shopping

D5b5d0fd99b97eef5d788d84e1cd4f61

HelpCenter - Build an Attractive FAQs Page

+ 13 more...

Q & A

Why should someone buy this store?

This store has been profitable since it's first month and has required no additional investment beyond a few early product stocking purchases. It's a huge market and there is loads of potential. The brand is established and has years of historical customers. This is not a fly-by-night shopify dropship store - it has real history. It was started in 2014 on another website platform and moved to Shopify later in 2017.

How can the future owner improve the business?

So many opportunities to do reviews, competitions and engage with social media much much more. Writing blog posts would also help boost traffic. Taking more time to adjust pricing to compete with competitors also needed. We've just had not enough time to dedicate to making this all happen. If you look at the social following we have it's terrible, yet we've done quite well regardless. Someone who can focus on building the community would do well.

What work have you put into the store?

Build the brand. Built the mailchimp templates. Posted reviews. Posted Blog Posts. Set up a fulfilment arrangement in Toronto. Set up all suppliers. Set up all advertising - Adwords/MailChimp/Shopify

How many hours does it take to run this business per week?

8 hours

$80,000 USD

Exchange Trust

Secure messaging platform

Only use our messaging system to send offer and communicate safely with the seller.

Protect yourself when buying

Exchange's payment flow provides enhanced security and protection when buying and selling stores to help avoid fraud. Here's why.

Ready to become a store owner?

Buying a store on Exchange? Make sure you contact Shopify Support to help you safely transfer ownership.

Contact seller