$16,130 USD

LitKit

litk.it

Appears in Books and magazines , California, Business and Franchises under $20,000, Inventory, United States

General description

LITKIT is a subscription box service designed for lit nerds, writers, and book lovers of all kinds. Each month, we design and deliver a surprise box of experimental or independently published literature, alongside interesting writing prompts and devices. Each box is carefully curated to spark creativity, with included items selected to represent a unique theme or concept.

Financials and traffic

The above profit is an estimate based on preorder commitments, gathered while the site was live (but ordering disabled), with zero advertising, marketing, or social media.

Our profit margin has been 50% on delivered orders - which included inventory purchased in small batches at wholesale prices (in most cases, without a bulk order discount). As bulk purchasing power rises, profit margins on this business will only increase (as shipping/delivery costs and inventory costs have plenty of room for reduction).

Average profit/month

$2,000 USD

Average overall profit margin

50%

Average number of sales/month

25

Value of inventory

$2,000 USD

Total revenue for last 12 months

$4,983.00 USD

Total traffic for last 12 months

8,038 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

Total annual operating expenses for this business (minus owner/operator labor and inventory costs) are less than $3500 per year.

Expense item

Cost

Shopify plan

$39.00/month

Subscriptions (ie. Mailchimp, apps)

$15.00/month

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

$1.00/month

Inventory warehouse

$100.00/month

Domain

$8.00/month

Inventory

Inventory is individually sourced in small batches, and sometimes produced in boutique batches specifically for LITKIT.

Located in Oakland

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

getlitkit

Pinterest

getlitkit

Newsletter list

900 subscribers

Social media followers

350 people

Q & A

Why should someone buy this store?

We have spent the past year collecting data, and have received more than $28,000 in preorder commitments with absolutely zero advertising or social media interaction. Interest is solely generated through unsolicited reviews and word of mouth - so with even the slightest effort in advertising, this could be a very successful business.

How can the future owner improve the business?

Just advertise - that's really all. Also, it was our original intention to pair a charitable donation with each 12-month subscription (for instance, one box of school supplies donated per 12-month order) - and our research implies that our demographic would respond positively to this kind of arrangement.

What work have you put into the store?

I built it from the ground up - the concept, development, and branding were all back by extensive research and have been refined post-launch to meet the needs and interests of our demographic. I've got approximately 3 years worth of effort devoted to this project, and feel the stage is set for someone who would love to run it full-time. :)

$16,130 USD

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