The Facebook profile has 57K followers and the Instagram has 128K followers. As mentioned before, these profiles play a vital role to the business as they are the main marketing and traffic source.
In addition to the social media profiles, the business also includes a targeted email list with over 30K subscribers. The subscribers are sent a weekly newsletter. There are also 3 sequences set up for abandoned carts to help recover lost potential sales.
Originally, the business was dropshipping products from Taobao and Aliexpress, but ran into issues with both quality and shipping times. Near the end of 2015 the seller stopped the store and decided to look for another supplier. The business currently works with a single supplier that has good quality, hundreds of items, weekly inventory updates, and delivery to customers within 7 days.
A team of 4 VAs (2 part-time and 2 full-time) currently handle all of the day-to-day operations for this business such as order fulfillment, order updates, customer service, and inventory updates. This has reduced the seller's time spent on this business to daily monitoring and configuring Facebook ads. The team of VAs are willing and able to continue working for the new owner if desired.
Average Monthly Revenue: $192,518
Average Monthly Expenses: $157,254
Average Monthly Net Profit: $35,265
* We are using the last 12 months to determine the averages.
Assets Included in Sale
Included in the sale of this business are:
All the day to day operations such as order fulfillment, order updates, customer service, and inventory update is outsourced to a team of VA's.
The Seller's only task daily is monitoring and configuring Facebook ads for this account.
Reason for Sale
The Seller is looking to sell this business to raise capital for another venture.
Sale Pending: No
First Seen: Mon, Mar 5th 2018
Last Updated: Mon, Jun 18th 2018