OpenStore acquires and operates Shopify businesses, streamlining the sale process with a transparent valuation model that evaluates revenue growth, customer acquisition costs, and profitability. This approach addresses the challenges founders face in exiting their businesses by providing quick, reliable offers and expert management to scale their brands post-sale.
Funding
$184.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many founders of successful Shopify businesses face challenges when seeking an exit, including a lack of transparent valuation methods, complex sales processes, and uncertainty about the future of their brand. Traditional brokerage models can be slow, costly, and may not guarantee a successful sale.
Solution
OpenStore offers a streamlined acquisition process for Shopify businesses, providing founders with quick, reliable offers based on a transparent valuation model. This model evaluates key performance indicators such as revenue growth, customer acquisition costs, profitability, and marketing potential to determine a fair price. OpenStore then leverages its expertise, technology, and capital to expertly manage and scale the acquired brands, ensuring their continued success. The acquisition process is designed to be simple and fast, allowing founders to quickly and confidently move on to new ventures.
Target Audience
The primary target audience is founders of Shopify businesses with at least six months of operations and over $500,000 in net sales to consumer audiences, primarily in the U.S., and whose product category isn’t restricted on Facebook.
Features
- Transparent valuation model based on revenue growth, customer acquisition cost, profitability, and marketing potential.
- Rapid offer generation, typically within 3-5 business days after submitting business information.
- Due diligence process completed in a matter of weeks.
- 80% of the cash offer paid upon completion of due diligence, with the remaining 20% paid after ownership transfer.
- Management by a team of e-commerce experts specializing in social media marketing, paid search, email and SMS marketing, supply chain operations, inventory management, and customer service.