Nice Menswear - Large Volume of Inventory
Nice Menswear is a brand currently specializing in neckties and bow ties. The business currently has about 1,900 ties in inventory, which had a manufacturing cost of about $8,500 and retail value of roughly $40,000. I started the business as a college student, and as I near graduation, I'm learning this isn't something I want to do anymore.
We receive sales through the website, Groupon, Amazon, and local retailers. All of the ties in our classic line (tried & true) are already pre-packaged and ready to ship. The student designed products currently ship in cool custom shipping boxes (we have about 60 of these shipping boxes left).
**** I started working with a new marketing platform that drove over $700 in sales between November 16th and November 30th at a $100 cost, and then drove over $1,000 in revenue between December 1st and December 31st at a ~$250 cost. Revenues of $640 as of today (Jan 19th 2018). Their flat rate is $200 + 5% of sales. We also worked with them in July as a tester month, our other peak month of sales. If you'd like to continue working with them, they are a national company and would love to keep Nice Menswear on the platform even under new ownership ****
(If you're familiar with dropshipping, this marketing platform mentioned above drives thousand(s) of hits to the website. Adding more products could dramatically increase revenues and net profit)
Our Instagram page @nicemodernmenswear has over 12,000 followers with high levels of engagement (entirely organic, no follow for follow or paid followers). Even though we are small, we have actively participated with major influencers and because of this we are fairly well known in the menswear Instagram community.
Once the price has been settled, the business, all of its inventory and resources will be entirely yours. You will also receive information about our suppliers, influencers, marketing channels, and whatever else you may need to be successful.
If you have any interest or questions for me, I'd love to discuss.
Financials and traffic
Revenue includes sales until the end of last month and is calculated from Exchange’s eligible payment providers. Total traffic comes from all data available to Shopify.
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Sales and marketing
Online selling methods
What’s included in the sale
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