A 3 year old ecommerce business in the design and style industry earning $12,083…
DC
About this business
This e-commerce store, established a year ago, specializes in customizable and distinctive jewelry. It generates a monthly revenue of $12,083 with a 20% profit margin, founded from a passion for urban culture and creating unique products for family and friends. The store utilizes a drop-shipping model, sourcing from three primary suppliers with warehouses on both US coasts. The entire customer base is located in the USA, and the products have achieved a high customer satisfaction rating of 4.6 stars. Sales are driven by advertising (70%) and organic methods (30%), with peak demand anticipated in the first and fourth quarters, particularly for Custom Medallion Pendants. The business operates with two suppliers in China and one in the US. It employs a Virtual Assistant (VA) in the Philippines, who dedicates 1-2 hours daily to customer communication and order fulfillment. Orders typically reach customers within 3-12 business days. The business owner also engages in customer service and manages social media advertising campaigns. To date, there has been a 100% growth in revenue from 2021 to 2022, projecting an annual revenue of $350,000. There are numerous growth opportunities, such as expanding into platforms like Google Ads, TikTok Ads, and influencer marketing. The business is up for sale due to the owner's desire to pursue a new venture. The sale includes the e-commerce platform account, social media accounts, email marketing tools, and access to the existing VA, along with a brief transitional support period from the seller.
Details
| Established | 2020 |
|---|---|
| Location | District of Columbia |