Facts and Figures
The store was stopped, without much sales until October 2017 because I was studying. Since November 2017 I've focused 100% on the store and got £ 363,645 GBP (~ $ 463 751 USD) in revenue in the last 12 months. On average I get £ 30300 GBP in sales per month and get £ 20 300 GBP in profit. However with advertising + apps, the average NET PROFIT (per month) over the last 12 months is $ 7710 GBP (~ 9831 USD). For any new investor with new perspectives and knowledge can take this store to another level easily.
Why should someone buy this business?
Everything in this store can be done by a VA (Virtual Assistant). You can only come once a week to see if everything is alright.
1) Fulfilling orders. (1 hour per day is enough)
2) Customer care. (30 min per day is enough)
3) Post on social media and email marketing. (30 min per day is enough).
4) Once a month add new products.
5) Creating and managing ads.
The most essential is already created and can be more automatized. The store performs well alone. For any new investor with new knowledge & ideas can take this store to another level. It's already great but it has space for much more.
How can the future owner improve this business?
I would invest more in advertising. The bigger my budget on advertising the bigger we get in revenue. I would use another advertising channels which I didn't explore until today: like ad words and influences. Also, I would try to get some stock of best-selling products to ensure faster domestic shipping time. Finally, this was always in my mind since the beginning, open a physical store.
- High levels of Automation
- High Profit Margins
- Large Customer Database
- Lots of Repeat Customers
- Scalable Business Model
Opportunities for a new owner
- Launch New Products
- Improve or Outsource Operations
- Increase Basket Size Per Customer
Key day-to-day operations
- Customer Support / Service
- Launching New Products
- Order Fulfilment
- Content marketing
- Email Marketing
- Facebook Advertising
- All Site Content and file
- Customer Database
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller