If you plan to own a profitable online business, buying an existing Shopify store could be smart. You can find many Shopify Stores For Sale in popular marketplaces. Buying a store built using Shopify is the best option because it provides a user-friendly interface, customizable templates, and a range of powerful features to help businesses succeed in the long run. This makes managing the eCommerce business simple in the future.
Starting a Shopify store from scratch can be time-consuming and challenging, whereas purchasing an existing one can offer a range of benefits, such as an established customer base, pre-existing traffic, and an optimized website.
#1 Website To Buy A Shopify Store – Empire Flippers
Empire Flippers is one of the best websites to buy any type of eCommerce business.🎯
Check the listing of Shopify Stores on Empire Flippers.🔥
In this article, we’ll explore the ins and outs of buying a Shopify store and highlight some of the best platforms to find Shopify stores for sale.
How To Buy Shopify Stores?
When buying a Shopify store, there are generally two options: a private sale or an online marketplace.
While private sales may be quicker, finding Shopify stores for sale independently can be challenging.
On the other hand, using a marketplace or broker provides access to a vast selection of Shopify businesses for sale, making the process easier and more efficient.
Buying an existing Shopify store can be a great way to jumpstart your online business. Here are the steps to follow:
1. Decide Your Budget.
Set your budget before looking to purchase a Shopify shop. Remember that the price of an existing store can differ considerably depending on elements like the store’s age, revenue, and foot traffic.
2. Find A Reliable Marketplace.
There are several marketplaces online where you can find Shopify stores for sale, such as Shopify Exchange, Flippa, and Empire Flippers. Choose a trustworthy platform with a good reputation and a wide range of stores for sale.
3. Choose A Profitable Store.
Find a store that is already making money and has a track record of success; verify its profitability and expansion potential by reviewing its financial records and traffic data.
4. Negotiate The Sale
After identifying an appropriate retailer, negotiate the transaction terms with the vendor. Consider communicating with a legal professional when reviewing the contract to make sure everything is legal
5. Transfer The Store
The seller will hand over ownership of the business to you after the transaction is complete. You must create and connect a new Shopify account to the existing store.
It’s essential to keep in mind that purchasing an existing Shopify store necessitates careful planning and investigation. To determine whether a store has growth potential and is a good match for its business goals, buyers should carefully examine its finances, traffic sources, and customer base. Buyers should also carefully discuss the conditions of the sale and, if necessary, seek legal counsel to ensure a safe and secure transaction.
Following these steps, you can buy an existing Shopify store and start your online business with a head start.
List Of Websites That Sells Shopify Stores For Sale
Looking to buy a pre-built Shopify store? Check out these websites that offer a range of e-commerce businesses for sale.
1. Empire Flippers
It is an online marketplace specializing in selling profitable and established online businesses, including Shopify stores. The platform offers a variety of e-commerce businesses for sale, ranging from dropshipping stores to private label brands.
Empire Flippers provides detailed information about each business, including its revenue, traffic, profit margins, and other relevant metrics to help buyers evaluate its potential. In addition, Empire Flippers offers various resources and tools to help buyers and sellers with the buying and selling process.
Empire Flippers has a reputation for being a trustworthy and reliable marketplace, and they have facilitated the sale of many successful businesses over the years.
2. Exchange Marketplace By Flippa
It is a popular platform that offers a wide range of businesses for sale, including e-commerce stores built on Shopify. The platform provides detailed information about each business, including its revenue, traffic, profit margins, and other relevant metrics to help buyers evaluate its potential. You can also filter out the desirable businesses with options like Listing Status, revenue, asset type, industry, etc.
Buyers can also use the platform to communicate directly with the sellers and negotiate the terms of the sale. In addition, Exchange Marketplace by Flippa offers various resources and tools to help buyers and sellers with the buying and selling process, including due checklists, valuation tools, and transaction management tools. Overall, Exchange Marketplace by Flippa is a great resource for buying a Shopify store.
3. Acquire
Acquire, previously known as MicroAcquire, is an online marketplace that facilitates the acquisition of small businesses, including e-commerce businesses such as Shopify stores.
The platform offers a range of businesses for sale, including startups, SaaS companies, and e-commerce businesses. Acquire provides detailed information about each business, including its revenue, traffic, profit margins, and other relevant metrics that can help buyers evaluate the business’s potential.
Acquire provides multiple resources and tools to assist buyers and sellers in the buying and selling procedure. These include a unique valuation algorithm and a purchase agreement verified by an attorney.
4. WebsiteClosers
WebsiteClosers is a mergers and acquisitions firm that sells e-commerce businesses, including Shopify stores.
They have a team of experienced advisors who offer valuation, due diligence, and negotiation services. The company provides detailed business information and conducts due diligence to ensure transparency.
They also offer various resources and tools for buyers and sellers, including valuation, business planning, and exit strategy development tools. WebsiteClosers is known to be a reliable and trustworthy advisor and is a trusted resource for buying or selling an online business, including Shopify stores.
5. FE International
It is one of the leading investment banks that provides merger and acquisition (M&A) advisory services to online businesses, including e-commerce businesses such as Shopify stores.
The company specializes in selling profitable and established online businesses and has a team of experienced advisors who help clients with the buying and selling process. FE International provides detailed information about each business, including its revenue, traffic, profit margins, and other relevant metrics to help buyers evaluate its potential.
They have a reputation for being a reliable and trustworthy advisor and have facilitated the sale of many successful businesses over the years. Overall, FE International is a great resource for buying or selling an online business, including Shopify stores.
Types Of Shopify Business To Buy
There are many types of Shopify Businesses you can buy. You can choose from a small individual business to a high-profile Shopify business with millions in revenue. There are basically four types of Shopify Businesses you can buy, and we have explained each one of them in detail below.
1. Dropshipping Business
One of the easiest businesses to start is a dropshipping business because it doesn’t require a lot of investment. You only need to put your time and effort into it to earn from it. Dropshipping business model is considered to be the most beginner-friendly and popular business model.
In a dropshipping business, you partner with a supplier who will manufacture and deliver your products to your customers. Building a dropshipping business from scratch can be a lot of work, so it’s better to buy a growing business that is already generating revenue.
2. Print-on-demand Business
In a print-on-demand business, you print and deliver the product to the customer once they place an order with you. This is also a profitable business because you don’t have to manage a large inventory of products, and you only have to manufacture the product once the order is placed.
This reduces your upfront cost by a lot. Many print-on-demand businesses allow their customers to create customized products for themselves.
3. Retail Business
Many Shopify businesses use the retail business model to sell to their customers directly. But this requires a more hands-on approach, meaning they will have to manage the inventory and do the fulfillment.
This may save you some money, but it will increase the workload for you and your team.
4. Wholesale Business
Shopify supports many Wholesale businesses. In this type of business, instead of selling products directly to customers, store owners sell their products to other businesses.
The Wholesale business is just like a retail business where you would have to manage the inventory and take care of fulfillment yourself.
Things To Consider Before Buying A Shopify Store
Here are some important things to consider before buying a Shopify store:
- Financials – Review historical sales data, profit margins, costs, and other financial reports to gauge the store’s performance and valuation. This helps determine if the asking price is fair.
- Traffic Sources – Understand where the store’s traffic is coming from (Google, social media, email lists, etc.). This indicates how sustainable growth is after you take over.
- Current Inventory – Factor in the value of existing inventory and costs to continue reordering bestselling items. Make sure popular products are still available.
- Suppliers and Shipping – Learn about the current supply and fulfillment arrangements. Reliable suppliers and fast shipping are vital to maintain.
- Employees – Determine if current staff are staying through the transition or need to be replaced. Factor in hiring and training costs.
- Technical Assets – Review the store’s current tech stack and assess if they align with your ecommerce plans and goals.
- SEO Strength – Audit SEO elements like keywords, backlinks, and page speed to estimate ongoing traffic retention after the move.
- Customer Loyalty – Gauge brand strength and customer loyalty. For example, review repeat purchase rate, reviews, and engagement.
- Growth Potential – Consider future opportunities to improve the business by reaching new markets, adding products, increasing conversions, etc.
Doing thorough due diligence across these aspects ensures you gain a profitable, self-sustaining business that seamlessly transfers over with minimal disruption after purchase.
Related Read:
- How To Change Shopify Store Name
- Shopify Launch Checklist
- Shopify Market Share
- Best Shopify Themes For Clothing Stores
Conclusion: Shopify Stores For Sale (2023)
I hope my article on Shopify Stores For Sale has given you all the information you need before purchasing a Shopify store. Buying a Shopify store can be a great opportunity for entrepreneurs and investors looking to enter the e-commerce space or expand their existing portfolio.
Many marketplaces offer a wide range of Shopify stores for sale, as mentioned above. These popular marketplaces provide detailed information about each business, including its revenue, traffic, profit margins, and other relevant metrics that can help buyers evaluate the business’s potential.
Before making any purchases, conducting your research is crucial because not every business will be a good fit for your priorities. A Shopify store can only be considered a wise investment when approached correctly and carefully.
FAQs
The prices of Shopify stores vary on different factors, where some sell for as low as $50, and others fetch over $1 million.
When buying a Shopify store, you should look for data related to the business, such as revenue, traffic, profit margins, customer reviews, and any other relevant details that will help you evaluate the business’s potential.
Valuing a Shopify store can be challenging as many factors must be considered. The value of a Shopify store is based on its revenue, profit margins, growth potential, and other factors such as customer base, inventory, and intellectual property.
The amount of support you can expect from the seller after purchasing a Shopify store will vary depending on the seller and the terms of the sale. Some sellers may offer training and support for some time after the sale, while others may provide only minimal support.
Yes, once you purchase a Shopify store, you can customize it. You can change the design, add new products, and implement new marketing strategies.
Sometimes there may be risks involved in buying a Shopify store. It’s important to thoroughly research the business before making a purchase. Working with reputable sellers and brokers can also help mitigate the risks involved.
