Flippa
FOR SALE
Business Name

The Store Mechanics

Business Model
Services
Industry
Internet

$2,999

Asking Price
Multiple 0.4x
Development and design services for Shopify e-Commerce stores.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2019
Full-Time Staff
1 to 10
Annual Revenue
$12,050
Annual Expenses
$4,368
Annual Net Profit
$7,682
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 March 2019 April 2019 May 2019
Revenue $7,654 $2,908 $0
Expenses $3,753 $174 $0
Net Profit $3,901 $2,734 $0
Month April 2019 May 2019 June 2019
Pageviews 1,383 1,036 7
Users 313 144 7

Note: Traffic data was provided on June 06, 2019. Enquire for more recent data.

Business Description

We provide design & development services for Shopify e-commerce Stores. The model is to get customers in with low price store fixes and edits and then upsell them on full Shopify Store builds.

How does your business make money?

Development services.

Why should someone buy this business?

I was running a Google Shopping Agency for Shopify Stores and in calls with clients, I kept noticing that they would ask us if we knew any Shopify developers who could do a quick fix on their store (such as move a button around)...Or that they were thinking about moving to a new Shopify and if we knew anyone who could help build them a new store. And we kept referring this type of work over and over again other outside developers or agencies.

Until one day I thought "Why don't we just create a separate development agency and find great Shopify developers to fulfil the work so we could add another revenue stream to our business?"

And so we created Store Mechanics. And in the first 30 days, we did $7,982.76 in services with 64% net margin. This is a great market to provide services to because there are 500,000 active stores running on Shopify and they ALL need development and design work is done on their Shopify Store.

How can the future owner improve this business?

Continue to partner with other agencies to fulfil the work, or focus on lead generation through Facebook.

Why are you selling this business?

I have another e-Commerce business that is growing fast and is taking up the bulk of my time. The last month and a half I have been spending less than 1 hour per week on this business.

Business Strengths

  • Customer Service
  • Evergreen Niche
  • High Profit Margins
  • Passive Revenue
  • Scalable Business Model

Opportunities for a new owner

  • Launch New Products
  • Capitalise on the Emerging Market
  • Introduce Further Revenue Streams

Key day-to-day operations

  • Managing Staff
  • Design & Production

Marketing

  • Email Marketing
  • Facebook Advertising
  • Partnerships

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Custom technology
  • Customer databases
  • Domains
  • 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
980 followers

Post sale support

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

Included

About the Seller

Matt Dye

Verified Account

United States

I built and sold my own e-Commerce store from November 2014 to June 2017. After that, I started an agency specializing in Google Shopping for Shopify Stores that grew to 400 clients from January 2018 to February 2019.

Contact