Very Profitable (20K Net Monthly) Dropship Website 60k OBO

Very Profitable (20K Net Monthly) Dropship Website 60k OBO
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Very Profitable (20K Net Monthly) Dropship Website 60k OBO

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Startup Description

Business run by Virtual Assistant

Website has been in operation since July 1st 2018, I can verify all numbers VERY EASILY and show you the ropes within an hour or so, its a basic dropship business operated via Shopify + Oberlo and all operations such as ordering, customer support, advertising etc. is handled by a Philippino virtual assistant. Christian is the name of the assistant and he works about 10 hours a week handling everything.

All I have associated with the business is my bank account where stripe pays into every day as well as my credit card that pays for the ads and the merchandise.
Store is in the womens fashion accessories niche and dropships purses from China, a pricing agreement valid for 24 months has been signed with our main supplier and they have 10,000+ units in stock so supply is not an issue

Financial breakdown is as follows:
July 1st - August 4th 2018
$41,000 USD - Gross (Total) Revenue
$12,000 USD - Ad Spend (Facebook Ads)
$ 8,200 USD - Product Cost (COGS)*
$ 500 USD - Software Costs (Shopify + Carthook + Oberlo)
$ 300 USD - Labour (Virtual Assistant) Salary
$20,000 USD NET PROFIT between July 1st and August 4th. (Actual number is $20,037.15 USD)

Our strategy involves finding products on Aliexpress for under 30$ and selling them for 100$. This gives us a nice big margin and every time your phone buzzes with a sale you know its a minimum of 100$ every time. Upsells have not been added and downsells have not even been considered, this would raise your bottom line significantly.
*Shipping cost and stripe fees are built into Product Cost (COGS)

Daily I was spending $750 USD on Facebook ads in the beggining of July and was seeing 3X + returns daily, I gradually scaled this down to about $225 USD and maintained our excellent 3X + ROI and this is where ive kept it since. As my other business took off I really began to siphon money from this business and putting it to work their otherwise I never would have turned down the ads here. We ONLY advertise on facebook, fb ads are very easy to learn and our ads will transfer over to your account. Christian manages and builds the ads all you have to do is attach your paypal or credit card to pay for it.

Expanding the business!

ADD PAYPAL! adding pp as a payment option can increase revenue by 40% as its literally a 1 click purchase for most people as their phone / pc saves their login info. In contrast to customers having to manually open their purses and getting their credit card.
EMAIL MARKETING, I have done NONE AT ALL and the email list is a few hundred people long.
BRANDING, products are generic and unbranded, very well presented but thiers nothing memorable about their names etc.

SPEND MORE ON ADS, most I spent per day was $750 USD and we brought in over $3000 USD in revenue. I would have done this myself but my credit card does not have very high limits and all my money and attention is going towards my summer biz.
UPSELLS AND DOWNSELLS, Never done any. Getting this correctly could send the average order value from 100$ to 150$ + etc. Pretty easy to do its only a matter of testing to see if anything catches and works.

I am looking for a cash only sale and WILL NOT entertain any financing offers or any partial payment etc......I am listing here on bizbuysell personally as other exchanges and agents have wasted my time long enough. I believe I am priced fairly at 3X Monthly Net profit but will entertain offers so long as you can provide proof of funds. Sale would be structured as an asset sale (me selling you the website) as I do not have it attached to an LLC because of how young it is.

I will only entertain serious buyers and only send you the link to the site if you can provide proof of funds, screenshot or picture of bank statement with account numbers blurred is fine with me.
I have listed all information about the website here, I dont think I missed anything but if you have questions please reach out

Detailed Information

I am selling what was going to be my full time business but because Im having more success in a niche im passionate about I am selling this store to raise capital for reinvestment in my other store. My other store is a Summer fun shop and my seasons is coming to a close hence my aggressive pricing for this site, I would like to get it wrapped up so I can fund a big inventory purchase before August ends. (Home Based)
This business is Home-Based
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