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$399,000 USD

Puremagnetik

puremagnetik.com

Appears in Music , Established stores, New York, United States

General description

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

Average profit/month

$12,000 USD

Average overall profit margin

95%

Average number of sales/month

500

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Business Expenses

Expense item

Cost

Shopify plan

$165.00/month

Subscriptions (ie. Mailchimp, apps)

$500.00/month

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

$100.00/month

Domain

$1.00/month

What’s included in the sale

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

Social Media

Instagram

puremagnetik

Twitter

pmagnetik

Newsletter list

115,000 subscribers

Q & A

Why should someone buy this store?

Puremagnetik is an established brand in music technology with a reputation for high quality products and boutique innovation. It comes with a significant, worldwide, built-in audience that can be used as springboard for future products or brand extension.

Running the business can be accomplished by one marketing person working approximately 10 hrs per week or a team (sound developers, marketers, etc.) working full time.

How can the future owner improve the business?

A future owner could better leverage social media and social media advertising.

$399,000 USD

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