A company founded in late 2016 by two friends aims to address the challenge of securing a phone while driving. The business has gained a substantial following on social media, particularly Instagram, where it has amassed 24.5k followers and derives significant traffic. An established email list comprises over 2,400 subscribers primarily based domestically. Key aspects include a successful three-year operation, generating stable monthly net profit with minimal time investment, refined product offerings, and an effective Shopify website. The product line features two main products and four accessories, with monthly sales averaging between 30-50 units and a high conversion rate of 5%. Primarily retail, sales are 95% online, with a customer return rate of 10%.
The company boasts unique selling points, claiming its phone mounts outperform competitors. Offering a one-year warranty on products, they engage in mostly cost-effective advertising through a thriving ambassador program that rewards influencers with free products and affiliate commissions. Prospective additions to the product line could include phone chargers and cases with integrated magnets. The revenue model revolves around selling phone accessories via a Shopify store, utilizing Instagram and email marketing for customer acquisition. Inventory is sourced overseas and fulfilled internally upon order receipt.
The decision to sell arises from the owners' involvement in multiple ventures, necessitating a reallocation of focus. The ideal buyer would be someone passionate about growth and able to dedicate a few hours weekly. Assets include brand materials, client databases, social media accounts, a registered trademark, and various digital and contractual assets. Post-sale support is provided.
An Entrepreneur who creates products that solve people's everyday problems.
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1 transaction totalling USD $10,001
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Escrow.com
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1. Agreements & Contracts.
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