Exploring Shopify store investment opportunities in Australia: a guide to top listings!
The e-commerce landscape is rapidly evolving, and investing in an online store has become a lucrative opportunity for many. For those looking to step into this digital marketplace, Shopify stores present a particularly appealing option.
In this guide, we delve into the top Shopify store listings in Australia available on Flippa, a leading online marketplace for buying and selling digital assets.
Pro Tip: When buying a Shopify store in Australia, using Flippa is advisable as it not only offers a diverse selection of e-commerce businesses with detailed insights into profitability and market niches, but also ensures secure transactions and reliable payment processes, adding an extra layer of safety to your investment decision.
Top 10 Shopify Stores for Sale in Australia
- Live Love Bean – Niche: Home and Garden
- Millefiori Murano – Niche: Jewelry
- Lost Lover – Niche: Bohemian Elegance
- Boho Dress – Niche: Fashion
- Lashout – Niche: Beauty
- Honey Vader – Niche: Electronics
- Good Sheet for the Planet – Niche: Eco-Friendly
- Natures Energies – Niche: Holistic Health
- Wicked Gear + Ebay Store – Niche: Motorcycle Gear
- Niche: Design and Style Store
1. Live Love Bean – Niche: Home and Garden
Live Love Bean stands out with its unique product range in the home and garden sector. With a substantial monthly net profit and nearly a decade of operation, it represents a stable investment opportunity.
- Industry: Home and Garden
- Net Profit: AUD $4,618 per month
- Asking Price: USD $70,600
- Site Age: 9 years
2. Millefiori Murano – Niche: Jewelry
Specializing in exquisite jewelry, Millefiori Murano is a testament to elegance and profitability. The store’s longevity and consistent profit make it a noteworthy investment.
- Industry: Jewelry
- Net Profit: AUD $5,051 per month
- Asking Price: USD $77,224 (reduced to USD $55,672)
- Site Age: 9 years
3. Lost Lover – Niche: Bohemian Elegance
Lost Lover offers bohemian jewelry and homeware, catering to a niche market. Its established online presence and unique product line are key selling points.
- Industry: Design and Style
- Net Profit: AUD $1,116 per month
- Asking Price: USD $12,618
- Site Age: 8+ years
4. Boho Dress – Niche: Fashion
A newcomer in the fashion niche, Boho-Dress.com has already made a mark with its organic dropshipping model and strong social media presence.
- Industry: Design and Style
- Net Profit: USD $840 per month
- Asking Price: USD $23,500 (reduced to USD $19,900)
- Site Age: 1 year
5. Lashout – Niche: Beauty
Lashout, a store specializing in beauty products, combines profitability with a manageable workload, making it an attractive option for entrepreneurs.
- Industry: Health and Beauty
- Net Profit: USD $3,217 per month
- Asking Price: USD $19,000
- Site Age: 2 years
6. Honey Vader – Niche: Electronics
Honey Vader, a 3D lamp store, stands out in the electronics market with its unique product range and impressive monthly profits.
- Industry: Electronics
- Net Profit: USD $8,347 per month
- Asking Price: USD $8,000
- Site Age: 4 years
7. Good Sheet for the Planet – Niche: Eco-Friendly
This store takes an eco-conscious approach in the detergent industry, combining profitability with sustainability.
- Industry: Home and Garden
- Net Profit: AUD $7,075 per month
- Starting Price: USD $113,599
- Site Age: 2 years
8. Natures Energies – Niche: Holistic Health
With a quarter-century legacy, this store offers products in new age, metaphysics, and holistic medicine, appealing to a specific yet growing market segment.
- Industry: Health and Beauty
- Net Profit: AUD $7,642 per month
- Asking Price: USD $163,681
- Site Age: 25 years
9. Wicked Gear + Ebay Store – Niche: Motorcycle Gear
Catering to motorcycle enthusiasts, this store combines an e-commerce platform with an eBay presence, offering a diverse revenue stream.
- Industry: Design and Style
- Net Profit: AUD $1,428 per month
- Asking Price: USD $33,459 (reduced to USD $29,864)
- Site Age: 15 years
10. Niche: Design and Style Store
Specializing in natural gemstones, this store has carved out a niche in the design and style industry, offering both profitability and growth potential.
- Industry: Design and Style
- Net Profit: AUD $8,964 per month
- Asking Price: USD $235,695 (reduced to USD $226,209)
- Site Age: 8 years
Pro Tip for AUS Investors and Buyers: Use Flippa for its extensive listings and transparent information; it’s crucial for conducting thorough due diligence, understanding the financials, traffic, and seller history, which helps in making informed and secure investment decisions in the online business marketplace.
How to Buy Shopify Stores in Australia Using Flippa
Buying a Shopify store in Australia using Flippa involves several steps. Here’s a detailed guide:
- Create an Account on Flippa: Visit Flippa’s website and sign up for an account. This will allow you to browse available listings and participate in auctions.
- Set Your Preferences: Customize your search preferences. Specify that you’re looking for e-commerce businesses, particularly those hosted on Shopify. You can also set your preferred location as Australia.
- Research Listings: Browse through the listings of Shopify stores for sale. Look at details like revenue, traffic, store age, and niche. This information helps assess the potential of the business.
- Conduct Due Diligence: Once you find a store you’re interested in, perform due diligence. Request access to analytics, financial statements, and any other relevant data. This step is crucial to verify the store’s performance and potential.
- Communicate with the Seller: Use Flippa’s platform to communicate with the seller. Ask questions about the business operations, supplier relationships, and customer base. This interaction can provide valuable insights into the business.
- Make an Offer or Participate in an Auction: If the listing is an auction, place your bid according to your valuation of the store. If it’s a direct sale, you can make an offer to the seller.
- Finalize the Sale: If your offer is accepted or you win the auction, proceed with the payment through Flippa’s escrow service. This ensures a secure transaction.
- Transfer of Assets: After payment, the seller will transfer all the assets to you. This includes the Shopify store, associated domains, social media accounts, and any inventory if applicable.
- Post-Purchase Support: Arrange for post-purchase support from the seller, if needed. This can help you transition smoothly into running the business.
- Update Store Information: Update the store’s administrative details, such as the payment and shipping settings, to reflect your information.
- Launch and Promote: Once everything is set up, launch your store. Consider investing in marketing and SEO strategies to boost your store’s visibility and sales.
Remember, buying a business requires careful consideration and often professional advice. It’s advisable to consult with a business advisor or a lawyer, especially if you’re new to e-commerce or the process of buying online businesses.
Ensuring the Payment, Transfer, and Security of Your Purchased Website
When it comes to the payment and the transfer of the bought website on Flippa, there are specific steps and considerations to keep in mind:
Payment Process on Flippa
- Escrow Service: Flippa typically uses an escrow service for transactions. This service acts as a middleman to securely hold the buyer’s funds until all parts of the sale are verified.
- Agreeing on Terms: Both the buyer and the seller must agree on the terms set out in the escrow, which includes the sale price and any other conditions.
- Payment Method: The buyer submits payment via the method agreed upon (like wire transfer, credit card, PayPal, etc.). This will depend on the size of the transaction and the policies of the escrow service.
- Funds Verification: The escrow service verifies the funds. This process can take a few days, depending on the method of payment.
Receiving the Bought Website
- Transfer of Assets: Once the payment is secured in escrow, the seller begins transferring the website assets. This includes domain names, hosting accounts, Shopify store credentials, and any other digital assets related to the website.
- Verification by Buyer: The buyer should verify the receipt of all assets. This includes logging into the website, checking the functionality, ensuring access to all associated accounts, and confirming that all listed assets in the sale are received.
- Release of Funds: After the buyer confirms the receipt and satisfaction with the transfer, they instruct the escrow service to release the funds to the seller.
- Post-Transfer Support: Depending on the agreement, the seller might provide post-transfer support to assist with the transition.
Tips for a Smooth Transaction
- Clear Communication: Always maintain clear and documented communication with the seller throughout the process.
- Technical Assistance: If you’re not tech-savvy, consider hiring a technical expert to verify the transfer and functionality of the website.
- Legal Documentation: Ensure all agreements, including any post-sale support and guarantees, are documented.
After the Transfer
- Change Credentials: Immediately change all administrative passwords and user access details.
- Backup: Create backups of the website as soon as you receive it.
- Review and Update: Review the site’s content, SEO settings, and operational processes. Make updates where necessary to align with your goals.
Remember, every transaction on Flippa can be unique, so it’s important to adapt these steps to your specific situation and to always proceed with due diligence.
Before buying a Shopify store – What to know?
What is a Shopify Store?
A Shopify store is an online store created using the Shopify platform, which provides tools for merchants to set up and manage their e-commerce business.
Where can I find Shopify stores for sale?
Shopify stores for sale are often listed on online marketplaces dedicated to buying and selling e-commerce businesses, such as Flippa Marketplace.
How do I find Shopify stores for sale specifically in Australia?
You can find Shopify stores for sale in Australia on international marketplaces that allow filtering by location, or on Australian-specific online business sale platforms.
What types of stores are commonly for sale?
The types of stores for sale vary widely and include physical retail stores, online e-commerce stores, and specialty stores in various niches.
Why should someone consider buying a Shopify store?
Buying a Shopify store can be a quick way to enter e-commerce with an established customer base, proven product lines, and existing website traffic.
How do I go about buying a Shopify store?
To buy a Shopify store, you can search marketplaces for listings, assess the store’s value, perform due diligence, and then proceed with the purchase process, often with legal and financial advice.
Who is eligible to buy a Shopify store?
Anyone with the necessary funds can buy a Shopify store. However, it’s important to have or acquire the skills to run an e-commerce business effectively.
What are the differences between Shopify stores, WordPress WooCommerce stores, and regular stores?
The main differences are that Shopify stores are hosted on Shopify’s platform with integrated tools for e-commerce, WordPress WooCommerce stores are self-hosted using the WooCommerce plugin for WordPress, offering more customization, and regular online stores can be built on various platforms, providing a wide range of design and functionality options.
Final Lines & FAQs
In summary, the best Shopify stores for sale in Australia, as listed on Flippa, offer diverse investment opportunities across various niches like home and garden, jewelry, fashion, and electronics, each with its own level of profitability and market presence.
Investing in a Shopify store in Australia presents a unique opportunity to enter the thriving e-commerce market. The diversity in industries, business models, and profitability levels offers something for every type of investor.
Whether you’re looking for a stable, established business or a fresh, niche venture, the Australian Shopify marketplace on Flippa is rich with possibilities.