Shopify is one of the most popular ecommerce platforms on the market, powering over 1 million businesses in 175 countries. If you’re thinking about selling your Shopify store, you might be wondering how much it’s worth.
The answer depends on a number of factors, including the age of your store, your traffic and revenue, the niche you’re in, and the buyer’s motivation. Generally speaking, though, you can expect to sell your Shopify store for 2-3x its monthly revenue.
While it is possible to sell a Shopify store, it is important to be aware of the risks involved. There is no guarantee that you will be able to find a buyer, and even if you do, there is no guarantee that they will pay the asking price.
Additionally, Shopify stores can be difficult to transfer ownership of due to the platform’s proprietary nature. This means that if you are not careful, you could end up losing all of your hard work and investment.
Therefore, if you are considering selling your Shopify store, it is important to weigh the risks and potential rewards carefully before making a decision.
For example, let’s say your Shopify store generates $10,000 in monthly revenue. You could reasonably expect to sell it for $20,000-$30,000.
Of course, if your store is in a highly competitive niche or is generating a lot of organic traffic, you could sell it for even more. And if it’s a new store with little traffic or revenue, you might only be able to get 1-2x its monthly revenue.
Ultimately, the best way to find out how much your Shopify store is worth is to talk to a broker or appraiser who specializes in ecommerce businesses. They’ll be able to give you a more accurate estimate based on all of the factors mentioned above.
