Flippa
FOR SALE
Business Name

Canvas Art Depot

Business Model
e-Commerce
Industry
Design and Style

$6,995

Asking Price
Multiple 1.4x
Canvas Art Depot is a drop-shipping store which sells affordable custom prints on canvas or glass and photo based products such as coffee mugs and food serving boards to customers.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
Australia
Date of Founding
2017
Full-Time Staff
Owner Operated
Annual Revenue
$46,000
Annual Expenses
$41,000
Annual Net Profit
$5,000
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month February 2019 March 2019 April 2019
Revenue $829 $1,140 $904
Expenses $581 $798 $634
Net Profit $248 $342 $270
Month March 2019 April 2019 May 2019
Pageviews 1,344 748 440
Users 546 234 136

Note: Traffic data was provided on May 13, 2019. Enquire for more recent data.

Business Description

Canvas Art Depot is an online store which allows customers to create custom prints on canvas or glass and photo based products Customers can create their own canvas wall art online using Canvas Art Depot’s online canvas ordering system. Products are manufactured and sent from a third party supplier. We offer free shipping for orders over $120, otherwise a flat rate of $12.95. Delivery takes between 5-10 business days. All products are printed in Melbourne, Australia. We ship internationally. The majority of traffic comes via Google AdWords. I spend 2 hours per week running the business.

How does your business make money?

We make money from the sale of custom canvas prints and photo-based products. Our average order value is $110 and our average profit margin is 20-30%.

Why should someone buy this business?

This business provides a passive income source and is easy to run. This is the ideal acquisition for someone with a marketing background, as to date I have invested little time and resources into advertising/marketing. The website is well designed and has an established presence on Instagram and Facebook, with plenty of 5 star reviews as well as a returning pool of customers.

How can the future owner improve this business?

The future owner can invest time and resources into social media marketing, email marketing and paid search advertising via Google Adwords, Bing and Google Shopping.

Why are you selling this business?

I no longer have the time to manage this online business but I recognise the potential it has to become something bigger and earn even more profit. The store has had over 1000 orders and over 1000 real subscribers with the associated MailChimp account, with a decent amount of returning customers. There is a great opportunity for someone with marketing experience to start generating more sales and introducing additional services. This has been a hobby of mine and something I have done in my spare time, so bear that in mind when viewing the statistics for this store. If I had the time and could manage it full-time, the possibilities for advancement are endless.

Business Strengths

  • Brand and Community Loyalty
  • Customer Service
  • Lots of Repeat Customers
  • Outsourced Order Fulfilment
  • Positive Customer Reviews

Opportunities for a new owner

  • Improve Current Marketing Efforts
  • Introduce Further Revenue Streams
  • Develop New Features

Key day-to-day operations

  • Customer Support / Service
  • Bookkeeping
  • Reporting
  • Order Fulfilment
  • Adwords Maintenance

Marketing

  • Email Marketing
  • Facebook Advertising
  • Google Adwords

Assets

  • Brand assets
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Relevant email accounts
  • Social media accounts
  • Vendor contacts
  • Website files, source code and content
  • Google Adwords

Social Media

Facebook
600 followers
Instagram
390 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Irvin Krajisnik

Australia

I'm Irvin, an entrepreneur and website designer/developer. I created Canvas Art Depot as a side project a couple of years ago with the intention of scaling it into a fully-fledged online business. However, due to how busy I have become, I haven't had the time to manage it properly for a while now. I'm hoping I can pass this onto someone who will realize the potential it has and turn it into a profit powerhouse. If you have any questions about my store or me, please feel free to contact me.

Contact