Business Summary
Modern - Unique - Stylish & Unlimited Potential are the right words for this business.
The interior trend of the moment, with our wide range of designs there is a complimenting piece of art for every household.
With almost 8K+ customers, 11K+ email subscribers, 16.5K+ Instagram followers and 2K+ Facebook followers we have built ourselves an outstanding and well known brand continuing to grow day by day.
Our shop was founded in May 2020 and we’ve accomplished a lot ever since beginning with a gross revenue of $555.000 over the last 12 months of which $189.000 from 2022
The statistics show growth comparing 2022 with last year.
2021 - average order value of $ 205, returning customer rate of 9.06 % and a conversion rate of 0,61%
2022 - average order value of $ 237, returning customer rate of 9.98 % and a conversion rate of 0,37%
With the use of the print-on-demand business model from one amazing supplier, the processing of orders and communication goes smooth, easily and automatically. This great business model allows us to test multiple designs without the need of big investments for buying stock. We don’t hold any stock and every order is shipped out from our supplier directly to our customer on our behalf.
Our top countries are, The United States, The United Kingdom, Mexico, Canada & Australia.
We’ve run Facebook and minimum Google advertising only, so there’s plenty of growth opportunities within the online marketing expanding the advertising channels using Pinterest, Tiktok & Snapchat. Growth could also come from B2B – Marketplaces, influencer marketing & SEO.
With the summer just around the corner and a lot of happy customers we are completely up to date. This healthy and profitable store and it’s endless potential is ready for it’s new owner.
Please contact us for more details.
Property Details
Other Business Details
Competition:
There are some competitors on the market offering canvas wall art, but due to our unique designs, quick delivery, premium materials and outstanding service we stand out. We offer high quality canvas art for affordable prices.
Expansion Potential:
With minimum efforts we build ourselves an outstanding and well known brand with decent statistics, we do see a healthy and steady future with growth for Sketchbay. If you’re looking to grow Sketchbay and thinking long term we would advice
1. B2B
2. Explore new marketing channels (Tiktok, Snapchat & Pinterest)
3. Increase sales channels Marketplaces (Amazon & Etsy)
4. SEO
If you’re looking to grow within a short term period we would advice
1. Increase Facebook & Google advertising budgets
2. Increase influencer marketing & let this set up professionally
Business Operation Details
Support & Training:
After sale support – available for 90+ days including complete guideline on how to run, manage and grow the business. We have clear ideas on how to grow the business. A complete training will be done by face to face meetings or by Zoom.
Miscellaneous Details
Reason For Selling:
My main business could use a capital injection for further growth which is the reason why I sell this business