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$300,000 USD

rangetravelgoods

www.rangetravelgoods.com

Appears in Sports and recreation , Idaho, Inventory, United States, Established stores

General description

Range Travel goods offers minimalist travel items with a modern twist. All of our products are multi use and design to pack away

Financials and traffic

We do the majority of our sales thus far outside of the shopify platform. We have sales through some of the following websites: Grommet.com zulilly.com Amazon.com

We are in talks with a few distributors to distribute the product internationally.

Average profit/month

$12,500 USD

Average overall profit margin

24%

Average number of sales/month

3,000

Value of inventory

$120,000 USD

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Business Expenses

We keep it pretty lean, We don't have a lot of time to invest into it so we don't put a lot of investment into it as well, because it can't be managed properly.

Expense item

Cost

Shopify plan

$200.00/month

Subscriptions (ie. Mailchimp, apps)

$20.00/month

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

$10.00/month

Inventory warehouse

$200.00/month

Employees (Including contractors and freelancers)

$400.00/month

Domain

$1.00/month

Inventory

We have one supplier for each product we make, We have designed and created all of the CADs for the products we produce. We own the rights to them and have great relationships with them and even have back up suppliers who we have ordered samples with if something was to change with one of the suppliers.

Located in Boise, ID

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

rangetravelgoods

Instagram

rangetravelgoods

Newsletter list

15,000 subscribers

Social media followers

1,200 people

Q & A

Do you work with any employees, freelancers, or contractors?

We have someone who ships for us once a week and we have a designer we contract with when needed.

Why should someone buy this store?

We are selling unique products that have been proven. We have not put any time and effort into marketing up to this point. Our sales have come from being featured on major websites and working with great partners to push the product. Someone who knows how to drive traffic to the website could take this to the next level. Customers love the product and its in a space that is growing. People don't want to use their moms old travel items they want something unique, functional and minimal.

How can the future owner improve the business?

Spending a little more time in the business would go a long way. We spend about 2 hours a week in the business with customer service, emails and shipping. Up to this point it hasn't gotten the love it deserves. With some facebook marketing, SEO and marketing strategies in place sales could really take off. If someone went full time and reinvested into marketing the opportunities could be huge.

What work have you put into the store?

We have developed a custom store front with a designer. He would be a good resource if you wanted to make major changes. Small changes are easy to update on your own. I can go into all the custom aspect we have made. - registered trade marked name - CAD drawings and designs of all products - all products are custom and done by Range - Generated over 15,000 customers - created amazon store and registered brand assets.

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

2 hours

$300,000 USD

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