Flippa
SOLD!
Business Name

Choisify

Business Model
e-Commerce
Industry
Home and Garden

$11,900

Asking Price
Multiple 1.0x
Great opportunity for someone who wants to scale an already established niche store with over 1900 customers!
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
Lithuania
Date of Founding
2018
Full-Time Staff
Owner Operated
Annual Revenue
$36,796
Annual Expenses
$24,752
Annual Net Profit
$12,044
Profit and Loss
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 $6,547 $0 $15
Expenses $4,821 $0 $2
Net Profit $1,726 $0 $13
Month March 2019 April 2019 May 2019
Pageviews 4,956 1,866 586
Users 1,297 573 206

Note: Traffic data was provided on May 17, 2019. Enquire for more recent data.

Business Description

Choisify is a purely a dropshipping website active in the kitchen niche. We offer a range of amazing products that are selected for the impulse buying and most of our products are not sold in stores which gives us a huge advantage.

How does your business make money?

We are selling our product and buying them cheaper from our suppliers overseas.

Why should someone buy this business?

We have a fan base of nearly 2500 on our Facebook and Instagram page.

We have collected nearly 2000 purchase with our Facebook pixel (This will help with Facebook Ad Marketing)

We are profitable - profit margins are around 20% to 30%.

We have generated a total of $38,900 in revenue since January 2018 with only Facebook marketing.

We have a good relationship with our supplier.

We have a nice and simple website design.

How can the future owner improve this business?

Future owners can improve by private-labeling the products. We are currently drop-shipping our products from our sourcing agents. With a better and diverse marketing strategy, Choisify can achieve new highs.

Future owners can also invest in fulfillment centers for faster shipping - drop-shipping with our current supplier, it takes about 10 to 20 days for customers to receive their products.

Why are you selling this business?

As you can see revenue and traffic charts started growing pretty fast sadly enough I realized that the little time that I have left to invest in this business simply isn't enough to let it grow the way I want to and to provide the support that is needed. We see that this brand has lots of potential and believe that with a new and dedicated owner, this business would strive further than we could have ever brought it.

Business Strengths

  • Evergreen Niche
  • High levels of Automation
  • Large Customer Database
  • Well Established and Unique Brand
  • Low Acquisition Cost for New Customers

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
  • Managing Inventory
  • Supplier Relationship Management
  • Order Fulfilment

Marketing

  • Email Marketing
  • Facebook Advertising
  • SEO

Assets

  • Contracts (written or verbal) with customers and suppliers
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Hosting accounts
  • Marketing materials and collateral
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content
  • e-Commerce platform accounts

Social Media

Facebook
450 followers
Instagram
1.7K followers

Post sale support

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

Included

About the Seller

Mykolas Rudokas

Verified Account

Lithuania

Entrepreneur mostly focusing on e-commerce with 3 years of experience in this field