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$1,500 USD

GYMRAGS - Microfibre Gym Sweat Towel

www.gymrags.co.uk

Appears in Sports and recreation , Alabama, United States, Business and Franchises under $5,000, eBay

General description

GYMRAGS has shipped 500 microfibre gym towels across the UK via the website, Amazon and eBay. These were all towels in stock, not dropshipped. They sell for £8.99 - 9.99 each and cost $1.54 each (excluding shipping to UK and VAT).

Please note that the towels have now all sold through but supplier details will be included with the sale, along with the original towel design spec for you to place an order. Very helpful supplier. I'd recommend ordering more colour variations for the towels, based on feedback from customers.

There's potential to build the brand with more gym products such as clothing and accessories. That was the original plan when GYMRAGS was started. It would be awesome to see someone carry this project on and grow the brand into the future.

60% of sales were via Amazon (seller fulfilled and FBA), 20% website and 20% eBay. Plenty of positive reviews on Amazon and there is potential to win the Buy Box on these (Include the EAN so you can sell on the Amazon listing).

Social media accounts available but limited following and usage. Ownership of these will still be included in the sale (Facebook, Instagram).

Logo usage and brand name will also be included, which were professionally designed and can be embroidered on the towels.

There is a .com domain in use but it has had a holding page for at least 2 years, so you may be able to contact the owner and purchase this domain.

Another premium domain name has been added to this store and trademark for the brand is pending approval.

INCLUDED IN SALE:

Social Media Accounts: Facebook, Instagram Shopify Store Handed Over [REDACTED] Domain Premium Domain Supplier Relationship 30 Days Handover Support Professionally Designed Logo and Branding Email Contacts - Customers Who Ordered from Website and eBay Trademark pending Option to purchases additional designed towels for Yoga

SUGGESTED WAYS TO IMPROVE:

There's lots of things I wish I'd done but didn't have the time...

More active on social media - increase following, more content, test a few targeted ads Writing more blogs - once per week for SEO and using this content to share on social media Approach local gyms for partnerships or even selling in them Find cheaper ways to ship the towels - they're very light and with the right packaging they can probably be sent as a large letter (UK Royal Mail). This would drastically improve margin. Email marketing - I have a list of 76 contacts to get started with who you can invite back to order again, especially when there's more colour options. Abandon basket - set up mailChimp to chase these people up and rescue the sale

INTERESTING DATA:

2.7% conversion rate since January Majority of web traffic is organic and direct

Financials and traffic

Sales from Amazon

Average profit/month

$30 USD

Average overall profit margin

50%

Average number of sales/month

1

Total revenue for last 12 months

$118.00 USD

Total traffic for last 12 months

1,315 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

The trademark is pending. Further information can be given to the buyer.

Expense item

Cost

Shopify plan

$26.00/month

Domain

$2.00/month

What’s included in the sale

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

Q & A

Why should someone buy this store?

Great established business. Ways to improve the store with a secure brand and now options to go with a premium domain. Business register in Australia with ASIC.

How can the future owner improve the business?

Open up to new gym products. Go to market and introduce brand awareness to the public. Add more products.

What work have you put into the store?

I have purchased premium domain name. Trademark is pending approval. I have the option to add another supplier and designs of 4 towels for yoga. These will be an additional costs as the designs have not be secured.

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

40 hours

$1,500 USD

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