Flippa
FOR SALE
Business Name

Music Chests

Business Model
e-Commerce
Industry
Hobbies and Games

$50,000

Asking Price
Multiple 1.4x

+ $10,035 Inventory

Music Chests sells custom handcrafted music boxes direct to consumers world wide.
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2017
Full-Time Staff
Owner Operated
Annual Revenue
$123,360
Annual Expenses
$87,000
Annual Net Profit
$36,360
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.

Business Description

Music Chests is the internet's premier site for music boxes. The business was created by crafting the first Music Chests music boxes in our home garage just for our family and friends. They loved it so much, that we had to share that same enthusiasm with the rest of the world. Since then we have been able to serve our customers with the songs they want while never sacrificing our superior quality. Just like our very first box, each music box is still made with the same amount of love and attention to detail that we started with from the very beginning.

We hand make each of our boxes and ship them directly to our customers from our Hong Kong fulfilment centre.

How does your business make money?

Selling hand-made Music Chests

Why should someone buy this business?

Music Chests presents a unique opportunity for 3 key reasons:

  1. Strong branding, LTV, and customer loyalty

Since day 1 we have maintained strong customer relations. If anyone was ever not satisfied, we made sure to change their experience. What resulted was a strong following of loyal customers who come back for 2nd and 3rd purchases.

  1. Scalable through new product launches:

Since we have strong relationships with our manufacturers, we are able to develop and produce any song. We time our releases with movie launches, franchise anniversaries, etc. Each song we develop has a unique following, think "Star Wars" versus "Moana". Since we encompass all music genres we are able to appeal to different markets.

  1. Business automation:

We have streamlined the product development and launch process so that a new music box could be launched within 1 month from concept. We have also automated customer service, fulfillment, email marketing, as well as social media.

How can the future owner improve this business?

A future owner can improve this business by continuing marketing efforts, building loyal affiliates, and maintaining current customer relationships. We have automated 90% of the business including customer service, order fulfillment, social media marketing, email marketing, customer experience, outreach, and brand development.

Business Strengths

  • Outsourced Order Fulfilment
  • Passive Revenue
  • Scalable Business Model
  • Turn-key Operations
  • Well Established and Unique Brand

Opportunities for a new owner

  • Launch New Products
  • Start Selling into New Markets
  • Improve Current Marketing Efforts

Key day-to-day operations

  • Customer Support / Service
  • Design & Production
  • Launching New Products
  • Order Fulfilment
  • Content marketing

Marketing

  • Facebook Advertising
  • Google Adwords
  • Influencer Marketing

Inventory

Units
2,007
Value
$10,035

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Custom technology
  • Domains
  • Existing manufacturing relationships
  • Hosting accounts
  • Inventory on hand or on order at the time of closing
  • Marketing materials and collateral
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content
  • e-Commerce platform accounts
  • Google Adwords

Social Media

Facebook
25K followers
Twitter
1.3K followers
Instagram
8.6K followers

Post sale support

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

Included

About the Seller

Vincent Ho

United States

At Music Chests, we've focused exclusively on becoming the internet's top source for beautiful music boxes. We believe that if you work hard on making the best product, stand by your customers, and do honest business you're sure to succeed.

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