Previous store Next store

$45,000 USD

Geek Toy Store

geektoystore.co.uk

Appears in Gifts and collectibles , Established stores, United Kingdom, Walsall, Inventory, Business and Franchises under $50,000

General description

Geek Toy Store is an online only business selling toys, collectibles and games relating to TV, Anime, Movie and comic book media. The business started out small and over the last 2 years has grown to its current size. It was started to fill a gap in the UK market for Anime collectibles and after a short period was expanded to include other lines that were more widely available.

All inventory is held by myself in a small warehouse unit. There are a few lines that we order in on an as needed basis while we hold some stock in the unit.

Included in the sale of the business would be all the current inventory, linked accounts such as social media, email programs as well as the accounts with our suppliers.

We have a small number of recurring customers who have spent between 500 and 2000 GBP with the store so far.

The reason I am selling the business is that as I work a full time job as well, I have not been able to dedicate as much time and work to the business as I would like. Combined with this, ill health and a few other issues mean that I have to reduce my work load, meaning the business is one aspect I need to stop work on.

We

Financials and traffic

The business is currently not making a large profit as the majority of the businesses funds are being pushed back into the business in an effort to grow.

Average profit/month

$250 USD

Average overall profit margin

15%

Average number of sales/month

75

Value of inventory

$25,000 USD

Unlock all listing data

Gain free access to traffic and revenue data for all listings on Exchange with your Facebook or Google account.

Sign in

Business Expenses

Normally spending 100 USD a month on advertising. This has currently been suspended. Subscription costs include Shopify Apps used in the store as well as email marketing apps.

Expense item

Cost

Shopify plan

$39.00/month

Subscriptions (ie. Mailchimp, apps)

$66.00/month

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

$100.00/month

Inventory warehouse

$249.00/month

Domain

$1.00/month

Inventory

We have a 125 Square Foot unit where we house our stock. At the moment we have a variety of items in stock including action figures, accessories, posters, mugs, key chains, Funko POP figures, vehicles, collectible statues and board games.

Located in Wednesbury

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

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

Social Media

Facebook

geektoystore

Instagram

geektoystoreuk

Pinterest

geektoystoreuk

Twitter

geektoystoreuk

Newsletter list

2,603 subscribers

Q & A

Why should someone buy this store?

This is a small business with a decent loyal customer base. With a little more work the store could grow and potentially become a competitor against the larger retailers out there. Although the profit margin may be low to start with, the lower prices and wider range of products available have seen many customers returning week after week with the average shopping basket price increasinig with each sales.

How can the future owner improve the business?

A better supply network making it easier to get stock quickly would improve the overall service of the store. And speedy dispatch times would see an increase in customers returning.

What work have you put into the store?

I have built this store up from nothing. I work a full time job as well as running this business to help pay to get the stock in quickly. I've worked 16 hour days between 2 jobs to get the business built up. I am a sole trader and do all of it myself, from listing items, dispatching orders, changes to the site design and customisation as well as responding to customer queries and managing the social media accounts.

I send the email campaigns out on a regular basis and have built up good relationships with suppliers. I have a good relationship with a lot of the customers that have used the store .

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

48 hours

$45,000 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