$4,800 USD

Olympia Grip

www.olympiagrip.co.za

Appears in Sports and recreation , Business and Franchises under $5,000, Inventory

General description

Our mission is to make and provide products the fitness enthusiast actually need and use. Our specialty and focus are grip gear such as grip chalk(powder, balls, blocks, liquid, gloves, straps etc.).

The gap we wanted to fill was that South Africa needed a platform to easily get their hands on good quality and affordable fitness gear.

Financials and traffic

Average profit/month

$80 USD

Average overall profit margin

23%

Average number of sales/month

6

Value of inventory

$800 USD

Total revenue for last 12 months

$1,844.00 USD

Total traffic for last 12 months

1,992 Sessions

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

Business Expenses

No active advertising has been done the last few months. .co.za and .com domain included

Expense item

Cost

Shopify plan

$29.00/month

Domain

$1.00/month

Inventory

The inventory at time of sale might differ from the listed amount. Cost of inventory will be re-calculated with stock available. Buyer will have to pay for shipping of existing stock if required.

Located in Bloemfontein, South Africa

Willing to ship inventory

Willing to transfer relationships with suppliers

Sales and marketing

Marketing strategies

SEO (Google traffic)

Facebook ads

Online selling methods

Facebook

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

Facebook

olympiagrip

Instagram

Olympi_grip

Pinterest

Olympiagrip

Twitter

Olympiagrip

Newsletter list

120 subscribers

Social media followers

470 people

Features

Products

3 products

Apps

1333a1b83ccdf7a7a55dbcbab2f5cff4

Kit

F3d61c764a54b22aed51cd1cc31b5a74

Privy - Free email popups with exit intent

B7dd6d1184a7a42c04dcf34ee4b72745

Plug in SEO

2b9a2da804e4d56a71c3b5d4fc4a4e6c

Better Coupon Box - Free Email Popups

+ 8 more...

Q & A

Why should someone buy this store?

Established brand with a solid reputation. 10% of customers are repeat customers. All chalk products are imported to South Africa with no-name or international branding, its expensive and difficult to get hold of. Olympia Grip imports directly from a manufacturer with original Olympia Grip branding. The online store and distribution system makes sales and operations very easy. The domain olympiagrip.com is included.

How can the future owner improve the business?

The current base of operations is based in Bloemfontein, which is centrally located in South Africa. This requires shipping of stock to Bloemfontein as well as shipping products to clients. Shipping makes profit margins smaller and the products more expensive. Shipping also make it difficult to compete on price with products in larger cities. The future owner can relocate the base of operations to a bigger city. This will reduce costs. In a bigger city there will be access to a much bigger local client base (ex. crossfit clubs, gyms, athletic clubs, etc.). Google Adwords advertising will be very beneficial, since this is where we had out best results.

What work have you put into the store?

The work that I have put in includes the following: Sourcing a reliable manufacturer; Developing and sourcing branded packaging for products; Developing the Olympia Grip brand and brand art; Developing the Shopify store; Developing automation of store and systems; Researching and sourcing an easy and efficient distribution system(Can ship a product anywhere in South Africa within 2 days or less with a few clicks of a button); Building relationships with clients; Proper product photography; Setup system to easily collect reviews.

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

1 hours

$4,800 USD

Store images

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