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ID: MV0528

Highly Profitable Shopify Agency - Passive Income Business, Ontario


A very unique e-commerce/digital agency available for the right acquirer. Revenue earned from onboarding customers to the CMS they use, paid out for the lifetime of client using the CMS.

ID: MV0528

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Business Description

Three general service offerings:
  1. Project based: E-commerce store development (average project $10K+)
  2. Retainer based: SEO, Google ads, FB ads.
  3. Passive affiliate revenue (Currently $56K yearly, projected to increase to $70K+ by EOY): 
Business has fantastic reviews, large amounts of referrals, and works closely with channel partners who refer business. Team is multi-faceted and fully remote, with 2 full time employees and a handful of independent contractors.

Currently receiving 5-10 inbound leads per day (we can't keep up with demand).

The agency is a Shopify Plus partner and works closely with Shopify on enterprise level e-commerce merchants.

Shopify Plus Partners are vetted, best-in-class agency partners that have proven experience working with high growth enterprise merchants, with only 300 of these agencies globally and 24 in Canada offering the same services as the agency.

Shopify Plus agencies receive public recognition through their profile in the Shopify Plus Partner Directory, have the opportunity to be included in Shopify Plus sales opportunities, the ability to be included in Shopify Plus marketing activities, and are supported by Shopify in their path to success.

With the average Shopify Plus site build/migration ranging from $60,000 - $200,000 depending on technical requirements, this presents a fantastic opportunity for the right individual/team (Source).

Financial Summary

  • 2020 Gross Revenue: $415K
  • 2020 Net SDE: $276K
  • 2021 Gross Revenue: $436K
  • 2021 Net SDE: $297K
  • 2022 Gross Revenue: $522K
  • 2022 Net SDE: $390K
List Price $1.1m

Investment Rationale

This business is a lean, and there are various opportunities for growth including:
  1. Hiring dedicated inbound manager to handle requests, scope projects, and quote new clients.
  2. Hiring dedicated account manager to upsell existing clients.
  3. Focusing on more channel partnerships with partner companies to increase inbound leads.
  4. Beginning outbound outreach to prospects with our vast portfolio of work.
The owner is willing to stay on for negotiable period of time (6 months minimum) to facilitate transition.

Business is location agnostic, would integrate well with other complimentary companies, and is in a great position to expand.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.