Puremagnetik produces and sells sound content for music makers worldwide. Since our inception in 2006 Puremagnetik has become a global leader in the industry growing an average of 1000 new customers per month. Our brand is well recognized in the music technology space as a boutique sound design business with excellent management and customer service.
Outside of Shopify, Puremagnetik has significant business through royalties, a custom subscription service (through Shopify's API) and third-party licensing to major software manufacturers. Shopify's revenue quote only takes Shopify payment gateways into account but our valuation is reflective of multiple other streams. We license content to major music software manufacturers (e.g. Ableton, Native Instruments), iPad apps and more.
This is a great opportunity to own a thriving, healthy business with a high quality, targeted and engaged customer base.
Our business does not only operate on Shopify but we also collect license fees and royalties from our other online partners and have a subscription service through PayPal. These additional streams augment our Shopify reported revenue by approximately $40,000 annually equalling a total gross revenue of $140,000 for 2017.
Financials and traffic
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