Flippa
FOR SALE
Business Name

LXRY Tech

Business Model
e-Commerce
Industry
Electronics

$1,800

Asking Price
Multiple 1.3x
A premium ecommerce store selling on trend and in demand luxury tech accessories, setup to make profit from day one.
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
2019
Full-Time Staff
Owner Operated
Annual Revenue
$2,653
Annual Expenses
$1,228
Annual Net Profit
$1,425
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 June 2019 July 2019 August 2019
Revenue $784 $501 $497
Expenses $544 $363 $370
Net Profit $240 $138 $127
Month Pageviews Users
July 2019 3,870 1,915
August 2019 7,702 2,982
September 2019 2,332 940

Note: Traffic data was provided on 08 September 2019. Enquire for more recent data.

Business Description

LXRY Tech was setup to provide high quality premium accessories for people who buy premium technology and gadgets.

I started this as I realised that we spend thousands of dollars on our gadgets, but the only accessories available on the market are cheap and nasty.

So I have searched for trusted suppliers that will dropship only high quality products to my customers, think Genuine Carbon Fiber, Electroplated Silicone and even a diamond case :)

This strategy has helped me separate my store from the hundreds of other dropship stores who sell tech accessories of the cheap and nasty items.

Since launch we have sold over 100 products in over 10 different countries.

We now have over 3500 followers on instagram, 200+ email list and a really strong Facebook Pixel

How does your business make money?

This is a dropship store, we make money by selling tech accessories online via the Shopify platform, then we send the order to our supplier who sends the item directly to our customers.

Why should someone buy this business?

This isn't your typical fly by night Dropship store, it doesn't just rely on facebook paid advertising to make sales.

I have built a strong Instagram following of over 3500 followers and awesome engagement (now over 100+ likes on every post) and I have a number of influencers who are promoting my products - this ie FREE traffic that is making sales now.

The email list has been built now with over 200 subscribers, PLUS the following email automations via Klaviyo;
- Cart Abandonment
- Welcome Series & Thank you emails
- Browse Abandonment
- Exit intent popups to capture emails
This all happens in the background and is sending out emails as they are needed!

Plus, Google Shopping is setup and we are already winning for some great products.

This store really is a great kick start for someone who wants to not worry about the setup and wants a side income.

Why are you selling this business?

I've really enjoyed running this business, and it truly is a regretful sale, its really starting to get some traction and the next buyer is going to really see the upside of this traction. I have to sell however as I have had a new opportunity that has come up that requires additional investment, so I need to sell off some of my assets and this business is one of them.

Business Strengths

  • Brand and Community Loyalty
  • High Profit Margins
  • Low Time Commitment Required
  • Outsourced Order Fulfilment
  • Scalable Business Model

Opportunities for a new owner

  • Launch New Products
  • Capitalise on the Emerging Market
  • Increase Basket Size Per Customer

Key day-to-day operations

  • Customer Support / Service
  • Launching New Products
  • Order Fulfilment

Marketing

  • Email Marketing
  • Facebook Advertising
  • Google Adwords

Assets

  • Brand assets
  • Customer databases
  • Domains
  • Marketing materials and collateral
  • Relevant email accounts
  • Social media accounts
  • e-Commerce platform accounts

Social Media

Facebook
55 followers
Twitter
0 followers
Instagram
3.6K followers

Post sale support

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

Included

About the Seller

Brendan Gillen

Verified Account

Australia

Hi there,

My name is Brendan and Iā€™m an ecommerce expert with over 10 years experience in working in ecommerce.

I have run brands' ecommerce businesses all over the world and currently trade millions of dollars for global brands online.

I like to build my own ecommerce businesses, buy and grow existing ecommerce businesses, and support and mentor the wider ecommerce community.

Contact