This is an enduring fitness equipment brand that stands as the #1 shop for premier resistance bands since 2019. Residing within the highly sustainable and desirable exercise and strength-training niche, this brand offers a plethora of product offerings such as branded resistance band packages, complementary accessories, and a digital workout subscription program – all with affordable pricing and the convenience of home exercise in mind.
Overpowering the economic onslaught of COVID-19 in 2020, this company has maintained imposing success in its highly coveted niche and has benefited well from the rise in demand for in-home exercise systems.
Forged with an unshakable framework, this business has been steadily profitable post-covid as people returned to the gym in droves. Their sustainable earnings system was built on lean operation practices, posing an incredible opportunity for a potential buyer to develop a more robust marketing strategy.
After earning strong rapport in the exercise and fitness industry as the leading vendor of resistance bands, the owner has developed a fully automated business model with self-sustaining and updating apps, as well as outsourced customer support for their high-quality products and marketing management. With an AOV of $68.00 and healthy monthly traffic numbers to the site, this business is positioned to grow organically but could escalate rapidly in the hands of an experienced new owner.
This Shopify brand averages an enviable 5-10 orders per day with low maintenance automated processes and its overseas production takes about two weeks with a turnaround of 2-3 weeks for shipping. Their inventory values over $10,000 with a shelf life of up to 2 months and is held in their warehouse before being shipped directly to the consumer. Operation delegates between the owner, a virtual assistant, an email contractor, and a Google ad specialist. The owner spends most of their weekly workload overseeing their staff. Offering free worldwide shipping, 24/7 customer service, and a 30-day money-back guarantee, consumers can purchase with confidence and support. This company also offers its customers discounts by subscribing to their preferred email list, securing widespread distribution.
Organic internet searches produce about 10% of their sales. Email marketing is fully managed by a third-party company that produces further sales. In addition, they utilize pre-installed bundle apps and upsell apps that increase the average order value. Click funnels are also used to host their subscription program, providing automatic recurring revenue of around $900 per month. Successfully leveraging their Shopify site and its applications, along with Google and Facebook ads as their primary modes of marketing, this venture has multiple promising avenues for scale. Their YouTube channel generates an additional 5-10 sales per month, especially after a sponsored video produced for the company went viral in 2020.
Expanding to domains like Amazon and listing the company’s best-selling product offerings will provide another channel for revenue. Increasing connections with affiliates like Instagram, TikTok, and social media influencers for brand promotion will increase consumer traffic exponentially. Furthering development for their existing YouTube channel with more how-to videos and exercise tips would also increase public interest and optimize patron recurrence.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.